I first experienced redundancy in later life I was 47 in fact. 12 years with the same firm, working my way up the corporate ladder. I was at a point where life looked rosy then BOOM! All gone. That was 2010, a couple of years into a global recession which had gone through my industry and many others like a dose of industrial strength laxative. What the hell was I going to do next I wondered as the full impact began to sink in: No income, no car, a mortgage to pay and slim prospects of finding another good job in middle age.
I did what most people in this situation do: I contacted the competition and leveraged my reputation and experience. Several competitors were interested and before my paid garden leave was over and my severance payment touched. I was back in a job. But I’m going to suggest that if you find yourself facing redundancy in later life – don’t do that! Here’s why the Internet offers a far smarter option.
Coping With Redundancy In later Life
Getting another job was a huge relief at first but that soon changed. I’d gone to a much smaller company than I’d left. That meant a smaller salary, smaller car and far less resources. I also had the uncomfortable feeling that they were really only interested in the business I could bring from my previous employer. It’s a standard corporate game and one for which my new employers were notorious. But redundancy in later life makes you feel desperate and you make mistakes. I found myself working more for less in every way: More pointless meetings full of puffery, bravado and bullshit; longer hours, more commuting, terrible office culture and politics – less money, less fulfilment.
To cut a long and depressing story short I lasted 18 months before I was laid off again. This time with no financial buffer, but I had made some moves that I should have done the first time round – hindsight is a wonderful thing. In the months between jobs I’d done some research into starting an online business. I’d even started a couple, which I was working in my scant spare time. Although they were not sustainable as it turned out, they were useful stepping-stones: I learned what not to do. I had also generated a little money as an affiliate marketer – proof of concept if you like.
A Bigger Playing Field
It was obvious then and far more so now, that the Internet was and is the smartest place to start a business. Being from a business development background I could see some obvious key advantages. The first is the sheer size of the potential market. Instead of selling one product or service to a small market in a small geographic area, you choose from a limitless range of goods and services and present them to a vast global audience. It’s also relatively low cost to start compared to any traditional business or franchise.
From a lifestyle point of view it’s incredibly attractive. You can work from literally anywhere you can access the Internet. You can automate a lot of the work. Commuting to and from a specific place of work and travelling to meetings and appointments becomes unnecessary. No more 9-5 or 8-8, much more time freedom. No brainer?
So how come you hear of so many people failing in online business? (Actually its about the same for those starting a traditional business) Its just that more people are doing it these days as redundancy in later life becomes more common. From personal experience lack of solid, professional training, choosing the wrong products and failure to use the right systems and strategies are the main reasons. Once I had identified these areas and went looking for help with them, things changed completely.
A series of free videos, which you can access on the link below, were the turning point for me. They introduced a unique education and business platform put together by two extremely successful Internet entrepreneurs. Having made all the usual mistakes they went on to build multiple 6, 7 and 8 figure online businesses.
The New Job Security?
By reverse engineering their own combined 20+ years experience they have built a mentorship and business partnership platform that provides everything you need to create sustainable online income streams. An easy to follow, modular set up makes setting up websites, sales funnels and marketing content fast and simple.
A suite of state of the art digital tools and up to the minute training cuts through the overwhelm newcomers often experience. A range of business partnerships at various levels means you start with a ready-made business in a high demand, high profit industry sector.
With the world becoming increasingly digital the Internet is fast becoming the new place to find what used to be called job security. Once you have these incredibly flexible skills the world is truly your oyster. Ironically traditional education in those skills lags far behind. These guys however have stepped up to the plate. Meet them on link below.
