It seems like every day you turn on the news and there is another company going under or restructuring leading to hundreds, if not thousands, of job losses.
This week we’ve seen the news that Virgin Money is being taken over by the Clydesdale and Yorkshire Banking Group, potentially leading to the loss of 1,500 jobs.
Last week, it was High Street chain House of Fraser announcing the closure of more than half its stores, putting 6,000 jobs at risk, in a desperate restructuring move to try to sort out its debt problems.
And in the same week, Rolls Royce announced they would be cutting 4,700 worldwide, with the bulk going in the UK, as part of a major shake-up.
Sadly, this is likely to be just the beginning as Brexit gets ever closer. Already we’ve seen the likes of Jaguar Land Rover and other car manufacturers, and Nestle announcing their plans to start moving parts of their operation abroad putting countless UK jobs on the line.
Gone are the days where you could expect a job for life…
There was a time when sons followed their fathers into the same business. A time when, if you wanted it, you could remain with the same business for the whole of your working life.
But times have changed, and the loss of so many household names recently has only served to highlight that the relative job security so many once took for granted is long gone as even big businesses struggle to keep up with the ever changing environment we live in.
I spent most of my career in the Public sector where people accepted being paid less than their Private sector counterparts because of the allowances, perks, pension and job security.
But over the years things changed and towards the back end of my career I witnessed one allowance or perk after another being reduced, limited or cut altogether.
And then they started on the ‘gold plated’ pensions. First, they announced a cut-off point after which all new employees would be on a different contract with a different pension arrangement. Then shortly before I left it was announced that the final salary pensions, which had been the biggest compensation for lower wages, would be honoured up to a particular date after which new pension arrangements would come into place.
It was around the same time that the Public sector job cuts began. These have continued resulting in the loss of 1 million Public sector jobs over the past 7 years.
So I ask you again…is there such a thing as a secure job anymore?
Better the devil you know…
As human beings, the thought of the unknown scares us. And the more we dwell on it, the harder it becomes to take the next step.
I’d been thinking about starting my own business for over a decade before I actually set my first one up.
But for a long time the safety and security of a reasonably well paid job far outweighed my desire for the freedom and flexibility I craved. Although imagining running my own business filled me with excitement, the actual thought of taking those first steps, of committing to the process and taking a leap into the unknown brought a whole range of fears and doubts bubbling to the surface.
It was only after watching all the perks of being in the job slowly eroding away and watching one colleague after another jumping ship to go into the Private sector or go freelance as a result, followed by a prolonged period in a toxic work situation that the balance finally tipped for me and I knew I couldn’t stay in that situation any longer.
Unfortunately, my first foray into entrepreneurship didn’t go quite to plan and I ended up cutting my losses and going back into corporate. This time in the Private sector.
And that’s when I discovered for myself that in the Private sector the risks of having your whole world can be turned on its head in an instant are even higher.
If you’ve been dreaming of something more, now is the time to take back control and create the future you want…
There are so many things in life that we can’t control, especially in and around the workplace…
>> The business you’re working for going under or being taken over with little notice
>> Sudden changes in policy or expectations
>> Changes to pay and benefits
>> Ill health affecting your ability to do your current job effectively, and the risk that your employer won’t support you through it
>> Clashes of personalities at work creating tension
>> People deliberately putting obstacles in your way or trying to sabotage your promotion prospects
>> A lack of flexible opportunities catering for your changing situation or priorities
Yes, it’s super scary to have to rely on your own abilities to bring in work, but it’s better than not knowing if and when the rug might be pulled from under you putting your family’s future in jeopardy.
You have a unique set of strengths, skills, knowledge and experience, some of which you might use in your current role whilst others remain untapped or under-utilised. You have talents that could be used to help others, to change lives or bring joy.
How could you use your talents to help others?
What are you passionate about?
What do you most enjoy doing?
How would you like to work?
Who would you love to work with?
What problems could you solve for them?
What outcomes could you help them achieve?
Asking yourself these questions is a good starting point to help you develop an idea of the type of business that would be right for you.
And once you have an idea of what lights you up and how you can make a difference…start building on it, keep the momentum going and commit to making it happen.
Don’t wait until fate takes the decision-making out of your hands. Start taking action now…
Are you ready to start exploring your options and taking the first steps towards taking back control of your own destiny? Then I’m here to help. Book your free Build Your Business strategy session here.