Friday, May 4, 2012

Career Change -- Stage 1 Cashing in on experience

I have the feeling that many of you are in the process of a career change. In today's dynamic economy where whole industries are disappearing or going off shore, technology is replacing the human worker, retraining is becoming more and more expense for employee and employer in terms of both time and money, and most jobs are in the long run temporary, the challenge for older workers, as well the threat that change brings, can be frightening.

I have been asked by individuals faced with these problems, "How can I go about finding a new job? Should I change professions or careers? Should I get another degree or certificate?

What these questions tell me is, the individual is emotionally stressed by the prospect of a major change in their life situation and have not yet accepted the fact that this is the current reality. It also tells me that they have lost confidence in their own worth and have become fatalistic about the future. Such individuals are often in crisis and fail to see that crisis is a time of opportunity for those who are willing to exploit it.

My advice is a two stage approach: Stage 1:  Who are you, and Stage 2: Where do I fit?  We will look at Stage 1 in this essay and Stage 2 in the followup.

STAGE 1: Who are you?
I recommend that you take a serious look at your profile (resume). If necessary bring it up to date and expand it. In the academic world, we have a CV or curriculum vita that serves as our resume and is required when applying for an academic position.

The CV includes all of your accomplishments to date in the three areas important to an academic appointment: research, teaching and service. In the CV you show off the broad range of professional life experiences and interests you have achieved to date. It describes the tools chest that you own and that you can bring to the job. Degrees and certificates are only a part of the tool box - they are the starter hammer, screw driver, wrench, and tape measure. What is of real interest is what you have done with these and the choices you have made, based on your experience, to add to that tool box. You need to rethink your resume in terms of a CV or a tool box.

A carpenter's tool box maybe well organized or not depending on the carpenter. However, as an outsider, the picture one sees is also confusing and can and will be interpreted by others as something belonging to a person who lacks of focus or spends all of his/er time in the hardware store buying tools. I am not being negative here -- I have and still do fall into the same camp.Your CV will look like this if you have had kind of life.

Your goal, which we will address in Stage 2, is to prepare a resume (tool kit) that you can take to the job that meets the needs of the job, not to show off your tool collection. That means selecting the right tools for the job and leaving the rest at home. I have had to surrender some ego and recast myself into the mold that best fits my clients needs and perceptions in order to get a job or assignment. To do this successfully I find the following to be an effective strategy.

STEP 1:
The first task you face is to identify what it is is you want to do with this background. You can do this by answering the following a set of  functional questions.1. What problem(s) do you like to and want to solve? 2. For who do you want to solve them? 3. Who pays for such solutions?

STEP 2:
Once you have answered these for yourself, I would recommend looking at your interests and experience in terms of skill sets and NOT the statuses you have occupied which you usually list in your resume. Define yourself in terms of the skill set that best matched question 1 above, instead of who I worked for. I would look at these in terms of where and how I learned and practiced the skills.

STEP 3:
You must have a preference or two of who and where you'd like to work for or with. That is where you want to apply those skills, question 2. Look at who you have worked for or with and ask yourself what was the best and worst experiences I had in that organization or on that job? How would I maximize joy/pleasure and minimize my dissatisfaction in these cases?

STEP 4:
Finally and most important is question 3 -- who are you going to sell yourself to? This is the business model for your marketing and job/career search. Where are your ethical and moral parameters? Are they realistic in regard to your financial and career goals?

These are the beginning steps, especially for someone such as yourself who is in the process of a career change to making the right career choice. Once you have organized your needs (strengthens and weaknesses) you can then begin stage 2. Looking for a job, assignment, or position that fits your needs and desires.

Thursday, May 3, 2012

Employee or Entrepreneur?

 During the current election, the question of jobs and the economy are setting the agenda. One of the proposals being made is that increased tax cuts and extending tax cuts will lead to more investment, more entrepreneurship and thereby solve the economic problems the country faces. An entrepreneur is defined as: "one who organizes, manages, and assumes the risks of a business or enterprise."  Obvious, the assumption that entrepreneurs are the "job creators" is a false assumption, they are investors in risk. The essences of entrepreneurial activity is "creative destruction."

The entrepreneurial investor can chose to invest in people by building a business. But they can also invest in the capital assets of a company and liquidate the liabilities, i.e. fire people (employees); or they can invest in lottery tickets (Wall Street virtual products IPO's, swaps, etc.). They can invest in  anything that offers an opportunity to make a profit. Only one of these creates jobs, the entrepreneur who invests in people. What kind of entrepreneur are you going to be?

I find very misleading the assumption that there is a distinction between employees and entrepreneurs. Some say that entrepreneurs create jobs and jobs creates employees. This is assumed to be the equation. So we are presented with the question:  

I have found many people who seem to think that to be the entrepreneur is to be the boss and have control over the whole enterprise. They don't have to be "workers" because they are THE BOSS. It's their (or other peoples money that they control) that gives them the power to "boss," they claim. It certainly works for the entrepreneurial corporate raider



and investment banker. So my question to you is

Which would you rather be

 an entrepreneur or an employee?

  But for the rest of us, those of us who actually work for a living and make a meaningful contribute to society and our community, my answer to this question, and the theme of this Blog, is

I better be both to be successful. 

 

 


The entrepreneur who does NOT see him/herself as an employee is a fool. To be an entrepreneur means that you are your own boss but you can't be boss unless you have an employee. And that employee is you long before you hire anyone else. And if the project fails, you are going to fire your last employee -- yourself. Only then can you go on to the next project, i.e. as long as you hold on to a losing proposition you are employed by yourself you are not freed until you fire yourself.

Control may feel good until you find that you are also accountable to all your stakeholders including yourself and your family for what comes from the responsibilities that control imposes upon you. 

If you are unemployed then you are a failed entrepreneur, and if you are a failed entrepreneur then you have been a poor boss to your sole employee -- YOURSELF.