Life After Redundancy What Next?

The Good News: With Creative Thinking and Strategic Planning, You Can Move to the Next Stage of Your Worklife with a Renewed Zest for Life

Photo by Deleece Cook on Unsplash

It is disturbing for anyone to lose their job, particularly after years of service. During the current economic climate, a number of industries have been so severely impacted that people are having to reinvent themselves to consider completely different WorkLife paths, and many are setting up in business themselves, which may seem a risky prospect taking into account the current state of the economy. It certainly needs a good idea and an effective business plan to make a successful venture.

But how do you go about coming up with that ‘good idea’? Well, let me tell you Tim’s story.

Tim was made redundant from his role in Human Resources in the Educational Sector. Now, of course, Tim’s skills were quite transferable across sectors, but he was actually thinking of doing something new, and he considered the redundancy payout he’d received a gift, and he wanted to ensure he invested it in the best possible business venture, one that would be fulfilling for him and sustain him and his family in both the short and long term.

We talked about his interests and hobbies, one of which is scale model making, an unusual idea you may be thinking but sometimes the more unusual and unique the idea, the easier it is to research.

So Tim went about researching his idea, and in the meantime, he kept himself busy with a little painting and decorating for his own home and also for friends and family who were happy to engage his services to carry out work they themselves didn’t have the time or inclination to do.

Well, as I’ve come to learn, once you have an awareness of what you want, you’ll begin to see opportunities in the most unexpected of places. It’s just like when you buy a new silver Mercedes (I wish), all of a sudden you’ll see silver Mercedes everywhere.

Well, true to this belief, Tim discovered a woman who had an established scale model making business who was due to retire, and he bought the business from her.

This was a good brand with an established customer base and great potential. The woman didn’t use computers and, as a result, didn’t utilise the web. Tim has built an effective web marketing plan into his business plan, and with hard work and a fair wind, it should provide a nice income stream to supplement his savings and investments. The good thing is the margins are lucrative, and the costs are low.

On top of that, Tim has become a School Parent Governor at his daughter’s school, which he’s finding interesting and he’s enjoying applying past learnt management and people skills in a new context.

The moral of this story: There is life after redundancy, and with creative thinking and strategic planning, you can move to the next stage of your career and life with a renewed zest for life.

I first shared this story some years ago on my original, now-defunct blog: Evolving Careers. I’m sharing it again because I believe it’s as relevant today, and it was all those years ago.

The stories I write are based on real WorkLife challenges, obstacles and successes. In some stories I share my own experiences, and with permission stories of people I’ve worked with, whose names have been changed to protect their anonymity. Other persons and companies portrayed in the stories are not based on real people or entities.

Published by Carmel O' Reilly

Carmel O’ Reilly: WorkLife Learning Practitioner & Writer Author of School Of WorkLife Books & Your WorkLife Your Way: Created to help you manage your WorkLife Learning Blogger & Podcaster: Telling people’s powerful stories about WorkLife challenges & successes Founder of www.schoolofworklife.com My guiding statement is to help people pursue their WorkLives with greater clarity, passion, purpose and pride by creating continuous WorkLife learning programmes that are accessible to everyone.

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