There are five stages to the grieving process:
The first four are difficult to go through, but they are necessary in times of loss: death of a loved one, relationships and job loss. Keep living long enough and you may experience all five levels.
I lost a job recently and I had to travel down the path of rejection. My total time in the first four levels: 5 minutes (tops). So how do you realistically minimize the grieving time if you lose a job and still keep your wits about you?
- This is Common (Denial) – Yes, you were fired, laid off, let go. It happens. You are neither the first or last person to lose a job. Go grab a decent bite to eat and decide what you are going to do next. When I lost my job, I didn’t spend time hoping they would take me back. I accepted the break up and smiled. I knew better things were in store for me.
- Never Get Angry (Anger) – I rarely get angry (don’t ask my kids that). Even if you feel that you were wrongly let go, accept it (Point No. 1) and move on. Similar to a relationship, the best revenge is to show the person, you don’t need them. Angry Facebook posts and Twitter rants will never accomplish anything other than to show the public your immaturity. Always be professional. My last boss even asked if she could write a letter of recommendation for me. It pays to take the high road.
- There is no “If only…” (Bargaining) – “If only I had sold more, then…”; “If only Kelley were was my boss, then…” Unless you are Superman, you will not be going back in time. Don’t waste time trying to figure out the different ways your career could have turned out. Be honest with yourself. If there are skills you are lacking, decide how you are going to bridge that gap. If you need to take some classes at a community college or online, sign up. This is not the end; it’s only the beginning.
- It Was Only a Job (Depression) – I know you loved your job, and you probably had great relationships with the people you worked with. However, it was only a job. Things might (will) suck for a while, but they will get better. When I lost my last job, I immediately remembered I had options: I could start my own business. Conversely, sadness would never change anything.
- Move On! (Acceptance) – This is the scariest and most exciting part of the job change. When I lost my job, I immediately realized I needed health insurance, life insurance, an income and a way to pay my bills. The next thing I thought: I am free! I can work whatever job I want. I can spend more time teaching my kids. I can study, learn and work in whatever field I want. When my salary was $75,000 per year, I knew I could never spend $76,000 per year because I wouldn’t have it. Now my income is limitless.
Walt Disney was once fired by the Kansas City Star because he “lacked imagination and had no good ideas.” Oprah Winfrey lost her job as an evening news reporter when the producer told her she was “unfit for television news.” Mark Cuban (Dallas Mavericks, Shark Tank) was fired by a small computer company. Even if you don’t start your own company, know that getting fired is never the end. It is only the beginning.
I started my company with no experience at running a business. I have always worked for someone else. It was easier that way (i.e. – health insurance, salary, 401k, etc.). I studied engineering in college, so I worked in engineering. However, I longed to go into business for myself – with no experience and no training.
To learn the skills necessary for starting and running a company, I needed more than formulas and theories. I needed skills I could apply every day. I needed to learn marketing, sales, business development, critical thinking, capital management and personnel management. Going back to school for an MBA would cost approximately $50,000 / year, and I would lose any momentum my company had gained. I chose a simpler and cheaper route: the $3,968.42 MBA.
Although not a formal degree or certificate, I worked to learn many of the same marketing and management skills taught in a degree granting program. Here is how I did it.
- Drink Coffee – Full Disclosure: I don’t actually like coffee (Monster Energy drinks are my source of caffeine), but coffee meetings are a great way to meet people and learn. I meet with professionals who own their own businesses to learn how they do it. I go in with a list of prepared questions: How did they start their business? How did they get funding? How did they market their products or services? If you are respectful of people’s time, they will share this kind of information with you. This is also a great way to meet with prospective clients and qualify them as potential leads. If they don’t buy from you, they may be able to recommend you to a counterpart in their company. I normally attend 2 – 3 meetings / week at $7 / meeting. Cost: $1000 / year
- Read Everything – If there is anything you want to learn, you can find it in a book. When you read, you can teach yourself anything: math, physics, venture capital, digital marketing, sales, etc. The more I read, the more I realized what I didn’t know, so I read some more. I started reading blog posts and articles in the Wall Street Journal. The benefit to reading online is the recency of the information. I learned what A/B testing and conversion rates are by reading articles. When I didn’t understand something, I looked it up for additional understanding. I read at least 1 book and 3 magazines every month to keep myself current and make myself an expert in certain fields. Cost: $420 / year (books and magazine subscriptions)
- Listen Carefully – One of the best ways to learn is to close your mouth and listen to what people say. Three times per month I go to networking and social events to meet new people and listen to panel discussions. As these experts speak, I take notes and write down what they say. I know that a networking event is successful if my “listen to speak” ratio is about 3:1 (e.g. – I listen 3 times as much as I speak). My goal is not to impress them with my knowledge and business prowess. A successful entrepreneur once told me how he decided it was time to hire his first employee. Had I been talking instead of listening, I would have missed his suggestion. Cost to Listen: $0
- Educate Yourself – I used to attend conferences to get out of doing real work. Now, I attend 2 – 3 conferences per year on social media and mobile technology. They give me a chance to listen to thought leaders describe their insights and predictions. However, the best reason to attend is networking. I meet people from across the country (or world) who have written their own books. After 4 years of running my own company, I have gained a knowledge base and experience worthy of being a presenter at national conferences. Networking at these events is not a numbers game to grab as many business cards as possible. I focus my efforts on the people, companies and organizations who interest me the most and might provide future work. Cost: $2,500 / year (depends on conference and cost).
Adjusting for gas, tax and miscellaneous expenses, my total annual spend is approximately $3,968.42 per year on my “real world MBA.” The best part: most of the charges are tax deductible. The only letters after my name are MS (Masters of Science in Engineering), but through my company’s growth and development I gain expertise equivalent to a business degree earned at a 4-year institution. Furthermore I will never graduate because like most professions with advanced certifications I am always reading, expanding my skills, innovating my product and improving my knowledge base. This continuous training makes me more valuable to my clients and directly impacts my bottom line.
Scientifically Speaking, of course.
Let me be clear about something: I made more money in HIGH SCHOOL than my first year as an entrepreneur. Results like that make you seriously evaluate your decision to “go it on your own.” People tell you that you want to be self employed…until you start making less than minimum wage.
However, last week reminded me why I started my own company. Companies hire me to train their sales executives and marketing teams to use social media and mobile technology to improve engagement with their customers. Last week I made more in 2 days than I did in the first month of my last job. Although I like getting paid, money is not the reason I started my company. Entrepreneurship can be a long and lonely road, so profit and revenue should not be the sole impetus for beginning this journey. So why do I subject myself to these daily trials and tribulations?
- Respect – I have the unwavering respect of the people who hire me. They recognize me as an expert in the fields of social media and mobile technology. They ask questions and wait patiently for me to respond. We’ve all worked jobs where we were neither respected by our peers, supervisors or customers. I am now in a position where I am consistently recognized for my skills, abilities and leadership…and paid handsomely for my expertise.
- Hard Work – I work about 12 hours per day (slightly less on weekends). However, the work I do I am passionate about. I research new and emerging technologies as they are developed. I attend social media and communications conferences. I am in charge of marketing, sales, research and development, human resources, business development and graphic design. I don’t have to do it all, but I need to make sure it gets done. I have never worked so hard and felt so rewarded for my efforts. However, is it really work if you enjoy it this much?
- Fun – I enjoy waking up in the morning. The hardest part of my day is going to sleep at night. And my entire day is full of challenge and possibility. My job is to study the latest in innovation and technology, connect with other thought leaders and teach a few classes. Some of the largest companies in the world pay me handsomely for my knowledge. I even get to purchase new technology and write it off as a business expense. Party on!
- Family – My daughters LOVE the fact that I run my own business. I even hire them for data entry and minor administrative tasks. I once asked my middle daughter if she preferred my old job in sales (6-figure salary) or my job now. Without hesitation, she responded, “I prefer Scientifically Speaking! I think it’s cool you run the company. You really are the boss.” I never knew how much of a positive impact my work has on my family.
There have been many days when I have wanted to quit Scientifically Speaking and “get a real job.” Then I remember one of my first workshops. An older woman had purchased her iPhone 2-years prior and still did not know how to work her text messages and Notes app. When I taught her something that easily solved her problems, she enthusiastically gave me hug. Moments like that help keep a smile on my face. And don’t worry; the money has gotten a lot better since then.
Scientifically Speaking, of course.
- Apple OS
- Apple OS X
- Black History
- Customer Relationship
- Dr. King
- Financial Advisor
- John F. Kennedy
- personal development
- small business
- social media
- Steve Jobs
- Venture Capital
- visual aid
- visual aids
- May 2015
- April 2015
- March 2015
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- March 2014
- February 2014
- January 2014
- December 2013
- October 2013
- September 2013
- August 2013
- July 2013
- May 2013
- April 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- October 2011
- September 2011