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What Part of Handwriting on the Wall Dont You Understand - They Dont Hire People Over 50
In a recent talk to the Detroit Economic Club, President Bush told of a powerful statement made to John Bailey by his wife, "Just what part of the writing on the wall don't your understand - companies don't want people over 50!" The White House staff had become aware of an amazing story of entrepreneurial success stemming from John's wife's words. John's wife was very quick to read the writing on the wall, rationalizing that it would be virtually impossible for John to find a new job. An extremely insightful woman, she saw that John's competition in his job search was a wealth of people, albeit less experienced, that would be applying for each job John sought. In order to land a job over these younger, less-experienced applicants, John would have to sell himself before the topic of pay was placed on the table. Once pay came into the picture, even if John was willing to accept a lower rate of pay it is doubtful he would get the job. According to my friend, headhunter Jeff Breza, "If someone can choose between an applicant with some experience earning 40K and another with vast experience earning 120K, they would much rather give the 80K position to the first. The second person will grow to resent the pay and become bitter while the first person will be very indebted to me for such a great offer." Faced with the prospect of a long job search, the Bailey's had to make an important decision: use their savings to fund an extended search realizing a job offer may never come or use their savings to invest in their own business. It is important to make this decision as early as possible. The longer one is unemployed, the more discouraged they get and the more difficult it is to shift back into a daily high-energy routine. To start a business takes time, energy, and a positive attitude. The best chance one has is to jump into the game early. Marty found his position eliminated after over two decades. Instead of spending his time feeling sorry for himself, he took the opportunity to write a book about his experience as a business coach. His book, "In There Presence", catapulted him into his own business as a leadership developer and multi-rater feedback coach. Dave had wanted to start his own Human Resources business for many years. When he heard there may be an opportunity for a severance package, he was excited that he would finally have his chance. He started immediately to find clients for his company so that he would have enough to support himself once the severance ran out. Joe's corporate job ended abruptly with a management change. He used a settlement he received to buy a building and start a martial arts school. He now enjoys a stress-free career working for himself. Each of these individuals recognized that by starting their own business, they would not be in a position where there career relied largely on a single individual. They knew that age, regardless of law, was a handicap that would be difficult to overcome, so they had to think differently. If you are in the unique position where the transformation form a corporation professional to an independent self-employed businessperson is a available, carefully consider the advantages and disadvantages of each. Each has pros and cons. ā?¢ One is a world where your pay is preset versus the other when pay is unlimited ā?¢ In one a single supervisor determines your fate, in the other that single individual is you ā?¢ One provides benefits while the otherā??s benefits are purely financial John's wife was very insightful in her comment. She knew that looking for a traditional job would involve many months of heartache and disappointment. She saw John's talent, and she help him catapult a lost job into a major human relations firm. Rick Weaver is President of Max Impact, a national leadership and organization development company based in Rochester Hills, Michigan. Rick is an accomplished business executive with experience in retail, market analysis, supply chain and project management, team building, and process improvement. He has worked with hundreds of companies to improve sales, processes, and bottom-line results. MaxImpact offers leadership and organizational development services along with employee assessments and background checks. Contact Rick at 248-802-6138 or via email, rick@getmaximpact.com. MaxImpact is on the web at http://www.getmaximpact.com
MORE RESOURCES: Hard Times for Wall Street's "Sell Night" Recruits 3 Sep 2010 at 7:08am In late July, Goldman Sachs hosted an exclusive dinner for recent college graduates at a Ruth's Chris restaurant in midtown Manhattan. While the chain steakhouse might have seemed declasse for veteran Wall Street traders accustomed to 21 or Delmonico's, it was a big draw for bright-eyed recruits who may never know such grandeur. Some even checked the menu online in anticipation. Boost your company's profits, boost your career 2 Sep 2010 at 11:25am The person at your office who routinely brings in millions of bucks worth of business probably doesn't have to worry about job security. Or begging the boss for a raise. Or advocating for a promotion. Changing fortunes 2 Sep 2010 at 7:04pm Levan Varshalomidze, governor of Adjara, on how Gulf petrodollars are poised to transform his tiny Black Sea state into a thriving commercial hub. Why Moldova matters 2 Sep 2010 at 6:16am By Matthew Rojansky Although the air outside is hot and dry?part of a heat wave scorching Russia and neighboring Ukraine?it is cool, dark, and slightly damp in the sandstone caverns beneath Milestii Mici, Moldova?s largest winery. Along seemingly endless underground boulevards, Soviet-era lighting and updated signs point the way to underground galleries housing millions of liters of meticulously ... Mike Lux: Is This the Weirdest Political Cycle Ever? 1 Sep 2010 at 8:17am There is a lot of quirkiness in this election cycle, and I'm not even talking about Sarah Palin or Glenn Beck. There is an odd sense I have that both parties are trying hard to lose. In speech, Obama says it's time to turn page on U.S. combat mission in Iraq 31 Aug 2010 at 6:45pm President says fixing economy now his central mission; promises similar transition in Afghanistan. Read more... Young entrepreneur gets some recognition and some help for college 31 Aug 2010 at 12:20am Zachary Gosling, 18, will begin majoring in business at Drexel University next month but is already quite the businessman. In first grade, he sold rocks from his driveway to unwitting classmates, claiming that he had spiffed them up in a "rock cleaner." Sir Paul Smith: 'I lament the decline in craftsmanship' 29 Aug 2010 at 7:13pm Sir Paul Smith can't remember if it was even sunny the day he wore the sunglasses that nearly killed him. He didn't care. Aged 17, he just wanted to look good ? and his Buddy Holly wayfarers were about as cool as things got in 1960s suburban Nottinghamshire. But they weren't suitable for cycling, which is what Smith was doing at great speed when, his vision of the car ahead obscured by his ... 'Takers' steals from the best 27 Aug 2010 at 11:53am In June, for the first time, the Commodity Futures Trading Commission approved a request to trade futures and option contracts against opening weekend box-office returns, and though it's sheer coincidence, "Takers" proves a weirdly appropriate title for this dubious milestone. Md. delegate candidates weigh in on issues 28 Aug 2010 at 4:58pm The Herald-Mail asked candidates in some contested races in the Sept. 14 primary election to respond to eight questions. The responses of candidates for each of those races will be published over two days. |
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