ARTICLES

Written By Rich For You.

When Your Company Throws You A Left Hook To The Chin.

It's like YOGA for your career.

Yesterday, I heard through the grapevine (and the NY Times) a top-tier insurance company will be jettisoning one of their major divisions. Boy was my phone ringing up a storm yesterday! It's like IBM selling off their laptop division (oh . . . that's right . . . they did that already). Or when a #2 bookseller folds (whoops, that happened too). Whether it's a good decision or bad decision is not relevant — fasten your seat belts — it's happening.

There are a few immutable facts about the marketplace today:

  1. Change is constant. Don't ever think you will be safe forever. Just ask all those poor people on the farm in The Walking Dead.
  2. Change will usually upset your apple cart. No one is immune - from the CEO to the night cleaning staff, everyone can be affected.
  3. Change is accelerating. Years ago, it was rare when companies did this. But with global competition looking over our shoulder, we need to be more flexible, nimble, and agile.

Your first instinct is to get ANGRY: "How could this have happened?" or "What a stupid decision!". Be honest with yourself, most changes can be telegraphed for miles — you probably saw this coming months ago. Unfortunately, you (with thousands of your colleagues) said: "All is well" and stuck your head in the sand.

Your second instinct is to hide in your cubicle: "If I just keep my head down, the storm will pass over." That might work sometimes, but it leaves you in a very vulnerable position. If you keep doing the same old thing while the world changes around you, fate will ultimately stop at your cubicle and tap you on your shoulder.

Your third instinct is to fall into a deep MALAISE: "I hate this place." or "It's not like it used to be." or "They're making all the wrong decisions." I'll ask one question — how will that ever help you and your career? Stop it right now.

You have ONE decision to make — STAY or GO. I've covered the 'GO' to death on my site (just search 'career').

If you STAY, you need to change the dynamic. With any major change at a company, all the balls are thrown into the air and the smart, resourceful, and agile people are watching them intently. When they get close enough to catch, you'll see them sprinting and grabbing their opportunity. So here's your plan of attack:

  1. Keep your peripherals open. What areas have been unaffected? What areas are growing? Who's getting the watering, the feeding the TLC?
  2. Branch out and talk constructively to people. Learn about what's going on, who are the new movers and shakers, what are the best projects and products?
  3. Start brainstorming how you can help change the company. Come up with new ideas, new strategies, new efficiencies to do things. Tell people about them.
  4. Stay positive. When everyone else is jumping to a lifeboat, start to figure out how to right the ship and sail off into the sunset.
Remember, today we ALL need to become more agile, nimble and flexible. It's like YOGA for your career.
POST YOUR QUESTIONS OR COMMENTS BELOW
P.S. Has this ever happened to you? Let’s talk. I’ve coached thousands of executives who need to change the dynamic — call or email me to schedule a complimentary session.
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3 Tips When Everything Is Failing All Around You.

Are many of our cherished institutions failing and falling by the wayside? What saplings are beginning to grow out from under the devastation?

"Sometimes the hurricane knocks down the biggest trees, to only allow the saplings to thrive." Is this happening in the marketplace today? 

Are many of our cherished institutions failing and falling by the wayside? What saplings are beginning to grow out from under the devastation?

First, let's discuss the biggest trees in the marketplace — let's look at a basic company directory:

  • Management/Admin - shrinking, less middle management, no admin
  • Financial - in a tizzy, most are looking for 'inventive' ways to save
  • Human Resources - outsourced areas, shrinking training, little hiring
  • Operations - outsourced overseas, replaced by tech, do more with less
  • Marketing - outsourced, social media typhoon, failing media institutions
  • IT - enterprise to cloud, sexy area to basic plumbing transition, changes instantly
  • Sales & Customer Service - most valuable of the bunch, yet do more with less

If you work in any of these areas, you've probably seen some of these things occurring (and some others).

But change is a constant. As I tell all my clients:, "Don't try to desperately hang on to what you're losing, anticipate the future based on what's happening now, and move towards it with your eyes wide open."

First — what can you currently do to stay alive and relevant in your department? You know what areas are growing and conversely, what areas are shrinking (or going away). Don't put your head in the sand — you need to take action TODAY.

Ask for more responsibility. Check out what the 'hot' projects are. Who are the stars? Begin to push yourself and challenge the internal status quo.

If you were unemployed and wanted a job in retail, I wouldn't point you towards Blockbuster, I would direct you to the Apple Store.

Second — start thinking strategically. Where is your area of expertise going? You don't want to be a slide-rule salesperson in a world of calculators. Start taking steps now to make what you have to offer powerful, relevant, and in-demand for the next 5-10-15 years.

Third — embrace change and stay flexible. Don't fight the rising tide. Don't watch the trees fall all around you and expect your tree to survive. Where are the saplings? If you don't make the jump now, you might not have the timing, resources and opportunity to make the jump when needed.

It all starts with a simple, clear plan coupled with ACTION. Start today.

What first step do you need to take to begin this process?

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