Timing is Everything?
It is often said….timing in life is everything. If you can buy low and sell high, you can retire. The question is, “When is a high the high and when is a low the low.” When to start your own business is all about timing.
A while ago I was talking to a friend who began his career in the banking industry right out of college. He was loyal, hard working, giving 110% of his creativity and soul to his employer. After 10 years with the bank, he had been promoted to upper middle management. His future prospects looked good. He remembers well the day all of that changed.
Rumors were circulating in the office about the possible merger with a competitor bank. The rumors turned out to be well founded. He was downsized. In a few short months, he went from what seemed to be a promising career in banking to an unsettling series of employment interviews with other financial institutions. As he considered his options, he thought of changing careers but opted to stay with what he knew best because he did not want to jeopardize his family’s future on a high-risk lark.
Within a few months, he landed a position at another financial institution. Finally, his life took on a rhythm of normalcy. He immersed himself in his work. His prior experience bore fruit. He rose through the ranks and became well respected among his peers and with upper management. Even though he had been dealt a wild card, he had landed on his feet and life seemed promising once again. Maybe this was all for the best?
Then it happened: déja vu. The rumors of another merger caught him by surprise. Was this the beginning of another nightmare? If there were another merger, would he be downsized again? He prepared himself for the worst.
The merger did take place and yes, my friend was downsized again. Being somewhat more reflective this time around, he seriously thought of exploring other alternatives. He even toyed with the idea becoming an entrepreneur. Yet, in the end, he decided to go with what he knew best. He accepted another position in the banking industry. This position was nothing to write home about, but it put bread on the table. The position had a more impressive title, except that it was with a small regional bank. Within two years this bank was swallowed up too. Now he had been jilted three times, he figured it was time to do something different. He was not going to take this anymore.
This “three times and out” experience may seem unusual, but it is not. There are many people who after decades of loyal, hard work find themselves on the outside looking in. Some of them are exploring what it would be like to take charge of their futures and control their own destinies.
Is it time to take control of your life and be proactive in charting your own course in life or are you going to wait for life to deal the cards? Is it time to start at least thinking about what else is out there? Is the time to consider being an entrepreneur? Yes, timing in life can be everything. Is it time?
It is often said….timing in life is everything. If you can buy low and sell high, you can retire. The question is, “When is a high the high and when is a low the low.” When to start your own business is all about timing.
A while ago I was talking to a friend who began his career in the banking industry right out of college. He was loyal, hard working, giving 110% of his creativity and soul to his employer. After 10 years with the bank, he had been promoted to upper middle management. His future prospects looked good. He remembers well the day all of that changed.
Rumors were circulating in the office about the possible merger with a competitor bank. The rumors turned out to be well founded. He was downsized. In a few short months, he went from what seemed to be a promising career in banking to an unsettling series of employment interviews with other financial institutions. As he considered his options, he thought of changing careers but opted to stay with what he knew best because he did not want to jeopardize his family’s future on a high-risk lark.
Within a few months, he landed a position at another financial institution. Finally, his life took on a rhythm of normalcy. He immersed himself in his work. His prior experience bore fruit. He rose through the ranks and became well respected among his peers and with upper management. Even though he had been dealt a wild card, he had landed on his feet and life seemed promising once again. Maybe this was all for the best?
Then it happened: déja vu. The rumors of another merger caught him by surprise. Was this the beginning of another nightmare? If there were another merger, would he be downsized again? He prepared himself for the worst.
The merger did take place and yes, my friend was downsized again. Being somewhat more reflective this time around, he seriously thought of exploring other alternatives. He even toyed with the idea becoming an entrepreneur. Yet, in the end, he decided to go with what he knew best. He accepted another position in the banking industry. This position was nothing to write home about, but it put bread on the table. The position had a more impressive title, except that it was with a small regional bank. Within two years this bank was swallowed up too. Now he had been jilted three times, he figured it was time to do something different. He was not going to take this anymore.
This “three times and out” experience may seem unusual, but it is not. There are many people who after decades of loyal, hard work find themselves on the outside looking in. Some of them are exploring what it would be like to take charge of their futures and control their own destinies.
Is it time to take control of your life and be proactive in charting your own course in life or are you going to wait for life to deal the cards? Is it time to start at least thinking about what else is out there? Is the time to consider being an entrepreneur? Yes, timing in life can be everything. Is it time?
posted by Marvin L. Storm at 10:13 AM
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