I first read this article over on LinkedIn, written by my connection Melanie Coleman. I couldn’t have written it better myself, so I invited her to adapt it slightly for you. It sums up perfectly why stepping into the world of business owner isn’t actually a bad option compared to being an employee, in fact, it’s probably more secure in these ever changing times. I love what Melanie has to say and I think you’ll love it to!
I don’t know about you but it’s starting to feel like every day you turn on the news and there is another company going under or restructuring leading to thousands of job losses.
While I am writing this news has emerged 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. With Airbus, who employ 14,000 people across the UK, recently announcing plans to leave the UK due to the uncertainty over Brexit.
Gone are the days where you could expect a job for life…
There was a time when you could have a job for life, if that’s what you wanted.
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 end of my career, one allowance or perk after another was either reduced, limited or cut altogether.
And then they started on our pensions…
First, they introduced a cut-off point after which all new employees would be part of a different pension scheme. Then shortly before I left they announced that the final salary pensions, which had been the biggest compensation for lower wages, would be honoured up to the end of March, after which new pension arrangements would come into place.
It was also around this time that the Public sector job cuts began and have continued ever since, 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.
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 committing to the process by taking those first steps and leaping into the unknown brought a whole range of fears and doubts bubbling to the surface.
It was only after watching all the perks of the job slowly being eroded 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, which was 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’s so much 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?
- Why them?
- 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…
Melanie Coleman is a business coach who helps women transition out of corporate by helping them build a business that leverages their talents and allows them to create the life they really want.
Find out more about her here.
(image supplied by Melanie Coleman)