Where do I go from here?

by AskSage

Hi Sage,

Many of my former colleagues and I (all Senior Executives and laid off during the “Great Recession”), cannot secure employment at the career/salary-level we have enjoyed for decades  and have the same question/concern:

Where do I/we go from here? Most of us have kids in high school/college, mortgages to pay etc. and are VERY qualified but cannot find a job –while our savings and 401Ks are literally disappearing in front of our eyes.  What do you suggest I/we do?

Best Regards, David

 

Dear David,

What you are describing in your Email has become the new norm for today’s Executives. A survey conducted by Netshare.com shows that 42% of our peer group is un- or underemployed –nationwide. Our own experience indicates an even higher number than that.

Many become ‘consultants’ -but are without projects or clients- while actively seeking full-time employment. They are flying and dying under the radar -and are not accounted for by the Labor Department.

When you add to this a current average executive job search time of 23 months, an average tenure of 18 months –and do the math- you’ll find that today’s average VP or C-level Executive makes no more annualized income than a full time truck driver. Add to this rampant age discrimination and you get the picture. It just doesn’t make sense.

Becoming an independent business owner, partner in an existing business, buying into a franchise etc. has become a much more viable strategy for senior-level executives.

You can find many credible six-figure-income opportunities with a good historical track record, that start as low as $12K and can go as high as you wish -or can afford.

David, you and your former colleagues DO have options. They are simply different from what you were used to in the past. You may want to reach out to your Personal Business Advisor or write to [info @ personalbusinessadvisors.com]

 

Sincerely, Sage


Comments are closed.