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Have You Been Downsized? Consider the Options for a Better Life

My wife and I were both effectively Be direct with friends and family. You
eliminated from the traditional corporate have been outsourced, downsized or, God
work force in the early 1990's. It was forbid, terminated (a better word than
traumatic. We were college graduates. We Fired!) No sense hiding the truth. Lying
had climbed the corporate ladder, is such hard work. You have enough on
rapidly, inexorably. We enjoyed six your plate.Where to Go for Income?If
figure incomes, a second home, club there is one recommendation every
memberships, prosperous investment corporate ex-employee should recognize it
accounts, wonderful benefit packages, a is this: Time is not your friend! After
College investment plan for our three the shock of your release, a few tears,
kids, sports cars and extensive travel. maybe a beer or two, immediately start
We were devastated! But, it became the assembling a Personal Business Plan.
best thing that ever happened to us, Honestly consider every detail in your
children included.We went from current life situation. Including:
regularity, a false sense of security and * Your Age * Short Term
believing that we enjoyed a bit of that Needs
"Master of the Universe" complex, to * Relocation Options * Window of
really considering things we had taken Time
for granted. Yeah, we were down for a few * Savings * Expenses
weeks. The house was glum. What was next? * Interests * Family
However, fairly quickly, we realized that Flexibility * Severance
we had to make things happen. Things * Health *
weren't going to be falling into our Corporate options * NetworksBen
laps. We needed to start thinking like Franklin, our great Founding Father, used
entrepreneurs.It can be difficult to settle difficult questions in his
re-learning to think like an typically logical way. He took a piece of
entrepreneur. Why do I use the word paper and drew a line right down the
"re-learning"? Simply because, we are all middle. On one side he marked a +, on the
entrepreneurs at some point during our other column he marked a -. Then he
lives. A kid cutting grass, or working a considered each element of his problem
paper route is a budding entrepreneur. and honestly placed that issue in the
The ritual of seeking a job requires a appropriate column. When he had exhausted
certain amount of entrepreneurial dash. his list, he counted the items assigned
Selling one-self to the opposite sex to each column. The side with the most
requires self-marketing and packaging. entries indicated the proper decision for
Presenting a thesis and selling arguments old Ben to take.Do this, as honestly as
to professors is an entrepreneurial possible. More often than not, there is
act.Until we enter the corporate world an interest, a skill or hobby that you
almost all of our efforts share elements have always dreamt of utilizing as your
of entrepreneurial activity. Then the Mr. source of income. It worked for us. We
Big Corporation enters our lives and love sales and marketing. That became our
things seem to change. Report at this avenue of financial resurrection, and
time, to this address, to Mr. Smith, your more importantly, it has lead to a
boss, for an agreed pay packet and a freedom and lifestyle more exciting and
certain benefit package. Do this varied than we would have considered
consistently, and fairly well, and we possible. Making a living doing something
will move you along at our pace, the you love is a blessing and many more
classic "Career Path". Our actions become people can achieve this today than ever
focused on job performance, judged by the before in history.A cell phone, a
Corporations standards. We adapt computer, inter-net access and a web-site
professionally. We also adapt our family can be the basis of a business. Over
and social life to the corporate 700,000 people alone make a living in
ethos.And then, that ethos was gone. We full, or part, on eBay. Think like an
had to adjust and rapidly. Here are a few entrepreneur. What did you do for Mr. Big
recommendations we found of great value Corp.? Approach similar clients and
in successfully making the change from a customers with a customized, targeted
corporate to entrepreneurial lifestyle. list of services. Put your years of
First we broke our lives into manageable experience to use. Research the market
components, a bit of introspection here. for opportunities. Write a realistic
Put Family FirstNothing earth shattering business plan for your new enterprise.
here, we had been good parents. The There are more start-ups in the United
children were a joy. And yet, we knew we States every year than every place in the
could have attended more recitals, games world; combined. It pays off to be an
and parties. We immediately began to be entrepreneur in the USA!Work from home.
more active as a family group. We enjoyed Attend trade shows. Consider being a
activities together more and began to re-seller from shopping mall kiosks.
appreciate how quickly time slips away. Contract out services to call centers. Be
When children grow up, they move on. That a consultant in your area of expertise.
opportunity to be involved in a daily Send out Press releases on your project.
basis is gone. Don't waste a minute of Your network of past work associates and
this precious time.As much as possible, clients is your best future customer
we kept the children generally in the base. Partner with a Company already in
knowledge loop on current business your field, come aboard as an independent
affairs. All of a sudden we weren't going contractor. Work part-time for several
to work. How do you hide that? Also, we firms until something opens in one. Wow
made every effort to place a positive, them with effort, positive attitude,
forward- looking face on our results, and creativity.The Mr. Big
reality.Family Budget PrioritiesWe sat Corp's of the world do not owe you a
down and seriously analyzed current career. They make decisions based on
assets and liabilities. What did we spend market realities. That shouldn't mean
that was not really a necessity? that your continued success potential is
Starbucks? Dinners out? Movie Rentals? limited or damaged. Your opportunities
Underused automobiles? Pool Service? We are open ended.Geoff Ficke is President
discovered that our lifestyle could be of Duquesa Marketing, Inc. An
well maintained by simply being more international consulting firm with over
aware of our spending patterns and 35 years experience in creating
considering each purchase. Was it a need, customized strategies and business plans,
or a want?We also involved the children product development and funding
in spending decisions particular to them. opportunities for entrepreneurs,
Was a club necessary? What about that two inventors and small business expansion.
week summer camp? A new formal might not Mr. Ficke is also a Senior Fellow at the
be in the budget. They were remarkably Page Center for Entrepreneurial Study at
mature and agreeable to the idea of the Business School, Miami University,
relative shared sacrifice.The Social Oxford Ohio.
Network




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