On the Job

Tuesday, November 8, 2011

Gracious Gains: How to Properly Ask a VIP for a Favor

WHO you know is as important as what you know.  Knowing how to ask the VIPS in your circle for what you need takes skill and tact. Below etiquette expert Jacqueline Whitmore shares her top tips for making the most of your VIP connections... 

In general, VIPs are inundated with requests for referrals and favors and they tend to decline unless they know you well.  Once you’ve established a relationship, you’re ready to take the plunge.  Your polite requests will be more valid and effective if you are willing to follow these guidelines:

Study Up:  Research the VIP’s passions.  Your correspondence or conversation will flow more smoothly if you know something about his or her hobbies or interests.  If you can find something in common with the VIP, the connection will most likely shift your relationship from casual to personal.  

Show Up:  It’s best not to wait to reach out until you get laid off or need a favor or referral.  You’ll increase your chances of making a good connection if you’re in the right place at the right time with the right information and the right attitude.  

Pay Up:  In some cases, you may have to stretch your budget and spend some money to gain access to a VIP.  Don’t be surprised if you have to buy a pricey ticket to a luncheon or gala so you can meet the VIP in person.  You’ll acquire extra points if you can find out a VIP’s favorite cause, charity, or alma mater and make a donation in his or her name.  

Speak Up:  Don’t be afraid to ask a VIP for a favor or a request, but make sure you know when and how to ask.  Approach the VIP in a polite, humble, and respectful manner, and give it a shot.  My motto is:  if you don’t ask, the answer will always be “no,” but if you do ask, the answer just might be “yes.” 

Set Up:  It’s counterproductive to attend events just because you skipped lunch and you’re hungry for cheese puffs or thirsty for a cocktail.  Stay focused on your goal.  Make a mental list of the VIPs you’d like to meet, and then introduce yourself as soon as you spot them.  If possible, connect with the people you want to meet before the meal.  Some VIPs like to make an early showing at an event and then quietly slip away as soon as possible so they can get to another engagement.  

Buddy Up:  When you want to meet a VIP for the first time, find a host or someone in authority (the “connector”) to introduce you.  This makes the introduction more significant than if you were to approach the VIP on your own.  If there’s no connector, then take the initiative and hope for the best.  

Step Up:  I’d be remiss if I didn’t encourage you to put your boss on your VIP list.  In a perfect world you might consider treating all of your work colleagues like VIPs, but it makes perfect sense to work especially well with your boss.  Pay particular attention to the things your boss doesn’t like to do and then become exceptionally good at those tasks.  You’ll not only score extra points with your boss; you’ll also make yourself indispensable.  Your initiative and willingness to go the extra mile might just put you on your boss’s VIP list as well.

Many thanks to Jacqueline Whitmore, founder of The Protocol School of Palm Beach for sharing her advice. Be sure to check out her new book POISED FOR SUCCESS (St. Martin’s Press, Nov. 2011).  She can be reached at www.etiquetteexpert.com.   

 

Posted by maggie at 2:37 PM
Sunday, November 6, 2011

Job Action Day: 3 Actions Jobseekers Can Take to Bridge the Skill Gap

The skills mismatch is a huge issue in the current jobs crisis. 

Jobs are more complex these days requiring cross-functional skills or specialized knowledge.  Education is lacking for many unemployed workers and for those who are educated, the push has been towards non-technical skills creating a dearth of skilled workers in the trades.  Schools and business aren't aligned especially in vocational and technical areas.  So even students who want to train lack the facilities to become "job-ready" graduates.

Thousands of jobs are going begging because employers can’t find skilled employees. So what's an unemployed worker to do?  On the 4th Annual Job Action Day sponsored by Quintessential Careers, the good news is that there are smart actions you can take.  Having worked with individuals of all levels and backgrounds, I've found the skills mismatch can be a mindset issue and not reality.  

Here are three ways to bridge the skill gap

  1. Most people take their strengths & talents for granted & don't tout them enough.  Ask those who know you well, "What are my best skills, abilities and talents?"  Take to heart what you hear.  When something comes easily to you, don't mistakenly assume it comes easily for everyone.    
  2. Skills are transferable from job to job, employer to employer and industry to industry - more than most people realize.  My client Steve found his skills as a marketing executive in the music industry were key in helping  him successfully launch his custom furniture business. Now Hill Haus Woodworks is not only bringing him joy and fulfillment but a paycheck as well.  
  3. Sometimes we gain skills we'd rather not use.  Rather than settle, Soul Search to determine those skills you most want to be using in your career -be honest.  For Stanford graduate Jessica DuLong, working in an office didn't satisfy her soul.  Yearning to work with her hands, she transitioned to working as a fireboat engineer and is now an advocate for putting American hands back to work in the trades. 

With the myriad of reasons for the skills gap, it can feel as if it's out of the job seeker's control to bridge the distance.  But you have a lot more skills than you give yourself credit for.  Take these three actions on Job Action Day and you'll be ready to go after your dream job with the perfect match of skills and passion!  

 

 

**Reinforcing the Job Action Day 2011 "Skill Up, Start Up, Speak Up" message is this group of bloggers dedicating blog posts on or around Job Action Day 2011 to the event. The first four represent the Quintessential Careers family of blogs:

-- Quintessential Careers Blog, Job Action Day 2011: Skill Up, Start Up, Speak Up, http://tinyurl.com/7rtm5rb.


-- Career Doctor Blog, #Job Action Day 11: Speak Up: It Takes a Village to Turn a Jobs Crisis Around, http://tinyurl.com/843qmje.


-- Quintessential Resume and Cover Letter Tips Blog, #JobActionDay11: Skill Up, Start Up, Speak Up: Expert Tips to Fire Up Your Job Search, http://tinyurl.com/87svjmd.


-- A Storied Career, #JobActionDay11: A Start-Up Story of Triumphing Over Job Loss, http://tinyurl.com/7q7kvqb


-- Deborah Brown-Volkman, The Career Coach's Blog, http://tinyurl.com/3b2jda5.


-- Susan Guarneri, Career Assessment Goddess, The Start-Up Mindset: 10 Tips to Get Out of Your Comfort Zone, http://tinyurl.com/658dzkp.


-- Nancy Miller, Job Action Day 2011, Life Work News, Skill up for Employment, http://tinyurl.com/83tpkml.


-- Hannah Morgan, Career Sherpa, Start Up: Building A More Stable Career,

http://careersherpa.net/start-up-building-a-more-stable-career/.


--Miriam Salpeter, Keppie Careers, Job Action Day 2011-- How to confidently drive your career bus where you want to go, http://tinyurl.com/7h33oax.


--Meg Guiseppi, Today is Job Action Day 2011!, http://tinyurl.com/6v2hfl4  

 

-- Deborah Shane, Deborah Shane Toolbox, Raise Your Career Metabolism, Bring Your A+ Game

and Develop More Magnetismhttp://tinyurl.com/7rp4gc5.


-- Wendy Terwelp, Rock Your Career, http://rockyourcareer.wordpress.com/.


See http://www.jobactionday.com/2011-Job-Action-Day.html for the complete, updated list of Job Action Day 2011 Blog posts.


 

 

Posted by maggie at 3:07 PM
Thursday, September 29, 2011

Beat the Competition With Quirky, Yet Profitable Job Ideas

With so many people out of work, and many competing against each other for the jobs that are opening in corporate America, it seems many may need to find a new career plan.  

For those looking for out-of-the-ordinary career ideas, I recently interviewed Steve Gillman, author of 101 Weird Ways to Make Money: Cricket Farming, Repossessing Cars, and Other Jobs With Big Upside and Not Much Competition.  

In his book are hundreds of quirky, yet profitable, job ideas for those willing to take a leap into a new profession.  It's not just stories about interestingly abnormal jobs - Steve's book advises readers on how to become an out-of-the-box entrepreneur. Below are key highlights Steve's recent interview on Making a Living with Maggie.

Career Advice from Steve Gillman, entrepreneur and author of 101 Weird Ways to Make Money: 

Q: What is the most creative way you've made money in your career?  


A: A lot of creativity went into the walking sticks I used to carve, or into the real estate deals I've done, but probably my most creative work has been in the internet business my wife and I currently own. It's surprising which creative niches can be profitable, and I have numerous interests, so I get to write in so many areas and make money doing it. My website metaphorology.com, for example, which is all about metaphors, actually makes a little money. My site on ultralight backpacking made more than $12,000 last year, as did UnusualWaysToMakeMoney.com. But beyond the writing process itself there is creativity in the markets. For example, I once experimented and found a way to make more money giving away an e-book that I had been selling.

Q: You say "almost any job can be a training ground for creating future wealth" - how so?

A: 

Just about any job provides opportunities to learn skills that can be used to get better jobs, to start a business, or to invest in new ways. This is obvious in the service businesses. For example, most owners of successful carpet cleaning or landscaping companies start out working as an employee, and once they have experience they start their own business. Many years ago I worked for a real estate investor, cleaning up foreclosures and other homes he purchased, and from watching how he made money I was able to invest in real estate in new and profitable ways. It helps to treat a job as though you are an apprentice or a college student, and to be on the lookout for opportunities that come from the knowledge and experience you gain.

Q: By your own admission, you've only worked a full-time job for 9 or 10 months of your life yet still found a successful route to career happiness and prosperity. To make a great living in this economy where traditional jobs are less available, what do you hope people learn from your approach?



A: I hope to encourage people to identify and seize some of the opportunities all around them. But I would also add this: live on less than you make, keep core expenses low, save money, and look for multiple sources of income. When I met my wife just ten years ago I was making less per-year than just one of our websites make now, but I was never in financial trouble. In fact, I met Ana while traveling in South America--which I could do because I had low expenses, no debt, flexible jobs, and in general a creative approach to living.

We enjoy a richer lifestyle now that we have more money, but we still spend less than we make and bank the difference. This allows the freedom to quit any job or to take a risk on a new business venture. A richer life is the goal, after all, and this can come with more money, but also with wiser use of money.

Steve Gillman legally stole cars in the middle of the night while working as a repo-man. He has made money dealing blackjack, renting out rooms in his house, installing restaurant equipment, playing chess, selling mobile homes, assembling muffler brackets, hawking used stuffed animals at flea markets—and the list goes on. Eventually finding his entrepreneurial niche online, he has been writing for years about unusual jobs and businesses.  For more check out www.EveryWayToMakeMoney.com and follow Steve on Twitter @SteveGillman .

Posted by maggie at 10:27 PM
Tuesday, September 13, 2011

Why Google+ Deserves Your Time & Attention (Guest Post)

I'm excited to share a follow-up post from social media career expert Miriam Salpeter.  Miriam was a recent guest on Making a Living with Maggie sharing tips on social networking for career success.  

Read below for her tips on how to leverage the latest social media tool, Google+...

When Maggie and I talked about social networking on her show, Google+ was very new on the social media scene, and we didn’t get to discuss how it might be useful for job seekers to explore. Hopefully, you’ve taken some of the advice we shared about LinkedIn to heart, but don’t forget – a well-rounded social media strategy (including a variety of networks) may help you achieve your plans sooner. I was delighted to take Maggie up on her offer to share my thoughts about Google+ and how using it could help you achieve your career and business goals.

 

Keep in mind, there are three big reasons to use social media: 

  1. To expand the number of people you know and who know you. 
  2. To learn new information pertinent to your field from mentors and thought leaders, and 
  3. To illustrate your expertise with a community of people who may connect you to opportunities based on learning about you and what you know. 

Having spent time using Google+ for the past few months, I believe this new social scene allows users to accomplish all of these goals. Like Twitter, it is an open network, allowing members to learn from and share information with people they don’t already know. Without any introductions, anyone is free to find and follow people who provide useful details and information pertinent to their careers. 

Think about the possibilities! If you are interested in learning about an industry, organization, or niche, you can search Google+ (or use one of the applications popping up to help you search it) and identify people who are actively discussing topics that not only may interest you, but could open exactly the right door you need to go through to make your next career or business move.

Another factor to consider making Google+ worth your time – Google’s hold on search traffic. Google+ will help improve your “find-ability” by connecting you via the network to an extended “social search” community. For example, when you are signed into Google+, and you use Google to search a topic, Google likely populates your search with results from members of your Google+ community. Similarly, those community members will find you when they search for topics.

Finally, whether or not you decide to actively engage on Google+, this new social network heightens the importance of your Google profile. If you use any of Google’s products (Gmail, Google voice, etc.), you have a Google profile. Some recruiters are already chomping at the bit with excitement about tapping into a new network profiling details such as work history and expertise. Since Google+ automatically populates its profile using the Google profile, many who have a skeleton description will (and should) update it with useful and detailed information, which makes Google+ a great go-to place for employers and hiring managers to search for potential candidates.

Thanks again for your insights Miriam!  
 
For more, check out her newly released Your Guide to Getting Started on Google+, an eGuide walking you through how to update your profile, find people to follow and tips to make it easier for recruiters and potential clients to find you on Google+.  In it you will fine tips, tricks, and links to help make your Google+ experience more efficient, effective and successful. Learn more about the Guide HERE. 
Posted by maggie at 3:00 PM
Sunday, May 22, 2011

Leverage LinkedIn for Professional Success (Special Guest Post)

Social Media sites like LinkedIn have changed the job landscape as more people are being "found" by recruiters and hiring managers using these tools.  

To shed light on how YOU can best leverage LinkedIn for personal success, I asked Miriam Salpeter, owner of Keppie Careers to share insights from her new book Social Networking for Career Success.  

In my book, Social Networking for Career Success, one of my mantras is that there is no one social network for all job seekers. Some people are more naturally talented writers, others may be terrific on video, and some people are great talkers, so a radio show may be good for them. (I am thrilled to include great tips in the book about how to succeed with your own radio show from Maggie. Of course, not everyone can have a show on SIRIUS, but podcasts and online options are available for the rest of us!)

Even though I don’t like to mandate social networks, I make one exception: LinkedIn is an absolute “must have” network for professionals and careerists. It has become the go-to network for recruiters and hiring managers seeking skilled professionals. Even if you don’t use any other social networking tools, make a point to create a strong, targeted profile on LinkedIn to help people who may be looking for someone with your skills and experience find you.

To maintain a complete LinkedIn profile, it’s important to include:

  • Your photo, preferably a close-up of your face, looking friendly and approachable.
  • A professional headline. This is not the same as a job title, although it may include a job title. It is what people will see when they look through lists of people on LinkedIn, so be sure to include key words describing you and what you offer. Include descriptions of your expertise as they relate to your target jobs. 
  • Personalize your LinkedIn URL by selecting “Edit Profile” and scrolling down to the LinkedIn URL for your public profile. Choose “Edit” and scroll down to your public profile URL. If possible, set this to include your first and last names (no space). If that is not available, consider including a middle initial, or even words related to your business. For example, “JohnSmithPR.”
  • Include your current position and at least two past positions, even if they were internships or relevant volunteer jobs.
  • Complete the education section.
  • Create an in-depth, personalized bio for the summary. Think about a story to hook the reader and make them want to know more about you.
  • Highlight your specialties by including them as a list of keywords or phrases. (Find the best keywords by reviewing job descriptions, company websites and blogs and industry publications and conference programs.)
  • Display at least three recommendations from employers (preferred) or colleagues.

Completing these steps will allow you to have a 100% complete profile, which helps people find you via LinkedIn for career opportunities.

Thank you Miriam!  

Read more about how to use LinkedIn in the free, downloadable chapter of Social Networking for Career Success.  I definitely recommend her entire book!  Copies are available from Amazon or your favorite bookseller.

--CNN named Miriam Salpeter a “top 10 job tweeter you should be following” and Monster.com included her in “The Monster 11 for 2011: Career Experts Who Can Help Your Search.”  She teaches job seekers and entrepreneurs how to leverage social media, writes resumes and helps clients succeed with their goals. Miriam writes for U.S. News & World Report’s “On Careers” column and blogs at KeppieCareers.com and GetASocialResume.com. 

Posted by maggie at 8:29 PM
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Tuesday, April 5, 2011

When Life Throws You a Curve Ball

Recently, I had life throw a challenging curve ball my way.  Six months into my first pregnancy, while I was on vacation in Miami, my body went into labor and I gave birth to a baby boy. It was a tremendous shock and one of the most frightening experiences I've ever had.  Thankfully, we were in the right place at the right time, surrounded by people who deal with preemies all the time.  Now six weeks later, our little one is growing and developing with the help of intensive care and though we are still living "on location" near the hospital, we are regaining some sense of normalcy. 

 

How do you cope when life throws you a curve ball?

It's not always easy to "hit one out of the park".  Sometimes life happens and you need strategies to keep a sense of balance when things go awry.  You need to refocus your priorities, take things day by day until the situation stabilizes and set goals to get back on track.  

This advice was echoed by work-life fit expert Cali Yost, whom the New York Times called "one of the smartest and most sophisticated thinkers” on work+life flexibility.  Both a friend and colleague, Cali made a special appearance on my SIRIUSXM career talk show recently to share her advice on dealing with a crisis.  Read Cali's six tips for dealing with a work life curveball. 

Here is what I've learned in dealing with life's curve balls:

  • Cali advises honesty as the best policy when telling others about your situation, especially your boss and coworkers.  I couldn't agree more. Your boss needs to fully understand the gravity of your situation if he/she is going to be able to best support you.  Don't sugarcoat or downplay the situation if you're really in a crisis.  It will only mismanage expectations and you could end up disappointing others. 
  • Next, fully explore your options and get creative when it comes to going back to work.  I have been slowly weaving in work activities as I get a better sense for how much time and energy I will have given the situation.  It can be hard to downshift when you've been in high gear at work but recognize you might not have as much gas in the tank if you're dealing with a crisis.  Be gentle with yourself and relax - the work will still be there. 
  • Finally, acknowledge shifting priorities but don't make rash decisions based on them.  If you experience a crisis, chances are it will give you new perspective on life and what matters most.  For me, this experience has shed renewed focus on doing work that I truly enjoy and working smarter.  Can I change everything about my work/life overnight to match these new priorities?  Maybe not but I am finding that a shift overtime is possible.

I share my story (and what I've learned so far) so you can have faith that your crisis moment can be a source of strength in your work and life.  It has been for me and continues to be.  It's not what I would have asked for but I am learning from it.  Remember, “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” 

Have you experienced a curve ball of your own?  Would love to hear how you made your way through it – whether they were strategies that worked for you or for those you know.

Photo courtesy of Flickr user Misty Cabal

Posted by maggie at 8:46 PM
Thursday, February 24, 2011

Vacation Planning vs. Career Planning - which do you do more often?

Do you spend more time planning your two-week vacation than your thirty-plus year career?

I'm taking a poll so weigh in with a comment below and don't worry, if vacation wins out, you're not alone. 

Perhaps I'm focused on this topic because I'm writing this post from sunny Florida.  Perhaps it's also because I've been contacted over the past year by many people in need of soul search before their job search but without budgeted funds to invest in themselves.  (Gladly I offer lots of free resources on my website as well as the opportunity for free live career advice via my radio show each week.)

It's time our careers get attention too. 

The economy has changed and no longer are people finding jobs by just submitting a resume.  Employers instead are looking for the IDEAL candidates and won't settle for less.  They want a proven track record from their new hires as well as genuine enthusiasm for the job.  (Read more about "hiring errors".)

If you've been spending more time planning your vacation than your career, the good news is that career planning can be as easy as 1-2-3:

  1. Soul Search - define what motivates you, what you love to do and your unique gifts and talents
  2. Research - talk to people in jobs you've dreams of doing, take a Vocation Vacation, subscribe to newsletters like Springwise to learn of new creative business ideas
  3. Job Search - translate your genuine career interest into on-the-job experience with a part-time job or volunteer project. 

It's time to have a plan for your career so that the years you spend working are as enjoyable (if not more so) as the time you spend vacationing (yes, it's possible).  To help, Dr. Woody Woodward joins my SIRIUSXM show Friday (today) at 4p ET/1p PT to share insights from his book The You Plan - A 5-Step Guide to Taking Charge of Your Career

Hope you can tune in and be reminded that, "it's never too late to be who you might have been." - George Elliot, English novelist.

Posted by maggie at 11:10 PM
Friday, February 18, 2011

Continuous Networking & Other Secrets of Success From Kerry Hannon

Kerry Hannon, author of the Amazon best-seller "What's Next?" joins my SIRIUSXM career talk show today to share inspiring stories from real people who have changed careers mid-life. Here's more from Kerry re: the roadmap that continues to lead her to her dream job...

Q: What do you want your life/work to stand for? 

I knew I wanted to be a writer since I was a kid. I read every book I could get my hands on, egged on by an older sister, Patty, who loved to read just as much. I wrote my first book when I was ten—all about kids and ponies. (It hasn’t been published yet). 

No surprise since that was exactly what my life was all about. We had a five-stall stable, dogs, horses, cats and four of us kids racing around. Mom refers to it as “a zoo”. She never knew who would be at the table for dinner with us. Who wouldn’t want to hang out at our house?

The question was how to make money as a writer. I knew I didn’t want a desk job-too boring and claustrophobic. I wanted to find a job where I would always be learning, meeting new people and traveling. 

I began by interviewing professional horseman at the horse shows I went to as a competitor on the “A” circuit when I was around eighteen. I sold the profiles to horse magazines for a whopping $100 a piece at first, but it felt like a thousand.  And so it goes. Today, I am still writing profiles of people in What’s Next? Follow Your Passion and Find Your Dream Job.

After graduating from Duke University, I built-out my portfolio as a freelance writer in my hometown of Pittsburgh– stringing for Business Week, working as the regional correspondent for Advertising Age, covering nightlife for Pittsburgh magazine, where I profiled local musicians. I wrote a dance column for an alternative newspaper, covered school board meetings and more for the Pittsburgh Press. 

When I was 25, I landed the big job at Forbes, after persistently calling for an interview and assuring the hiring editor that Forbes was my father’s favorite magazine, in fact, the only one that he had delivered to our home. All true. It was magic.

I got the job. I moved to New York and off my career went as I headed up th masthead moving from Forbes to Money to U.S. News & World Report and USA Today. I have written six books along the way, and it has been fantastic. My dream was to one day have a column in a national newspaper with my picture. (I wrote the Your Money column for USA Today) and write books. Check. 

Best news: Ten years ago, I went off on my own again to be an independent freelancer with several clients, including Forbes, U.S. News, USA Today. Lesson here: never burn bridges. The new ones, like AARP and CBS MoneyWatch, come along the old-fashioned way, through continuous networking, a habit I started back in my 20s and have always made the effort to maintain.

Q: What gets you out of bed every morning?   

Here’s the real secret to my success as a writer and journalist: When I was young, I learned to write about my passion–horses– and share that with others, and it was sweet. Today, I’m fortunate to write about other people’s passion and pass that inspiration on to readers to help them follow their dream.

But I also write about personal finance and money and work issues that touch people’s lives in a more direct fashion. I try to make sense of a topic that makes people panic and freeze. I lay it out in simple, “news you can use” fashion that both my 81-year-old mom and my teenage nephew can understand. And I believe in my heart it makes people’s lives better.

That gets me out of bed in the morning. Well, actually, my yellow Labrador Retriever, Zena, is truly responsible for that, but you get my drift. I have been able to translate my love for writing and meeting people into meaningful work that helps others.

Q: What's the one piece of career advice you wish you'd known sooner in your career? 

The one piece of advice I wish I’d known sooner in my career is that it pays richly to work hard and to communicate with the people you report to regularly. 

That sounds obvious, but when I was young I had a certain sense of entitlement I think and felt I didn’t need to ask for help. I was afraid to show that I didn’t understand something or even make sure my editor and I were in synch. I wanted to do things my way. And frankly, I didn’t always respect what a difference it makes when you file your work early. Surprise. Everyone’s job is easier, and you get hired again and again.

Today, I work harder than I ever did when I was in a staff job. I care about my product deeply. I get up at 5:30 every morning and go to it. I work every day, but I love what I do, so it doesn’t matter. And I make sure I find time to walk Zena and ride my horse regularly. That’s living the dream.  

Kerry Hannon, a career reinvention and transition expert, is a nationally acclaimed personal finance contributing editor and retirement correspondent for U.S. News & World Report and a featured blogger on second careers at Forbes.com. Kerry is also is the Great Jobs for Retirees columnist for AARP.com.  For more, go to: http://www.kerryhannon.com.

 

Saturday, February 12, 2011

5 Pros and Cons of Working with Your Spouse (Happy Valentine's Day)

Valentine's Day is for romance.  

Yet sometimes business mixes with pleasure.  That mix can create sparks or fizzle out an otherwise great relationship.  

To help you decide if working with your significant other is a good or not-so-good idea, here are key pros and cons to consider thanks to business executive and fan of Making a Living Maureen Page...   

 

 

Pros to working with your spouse:

  1. The right combination of people can make magic in business. - When the right two people work together for a common purpose, magic can happen. Think of Tony Randall and Jack Klugman, Simon and Garfunkel, or more recently, Charlie and Alan. I think this is even truer when it comes to couples going into business together. In a good marriage there is already mutual respect and understanding, solid trust, and effective communication between the two partners. This relationship basis combined with the right skills for the job can produce magic in the business world.
  2. You get to spend more time together. - Running a business together with your spouse can be a great way to spend more time with them. I know many couples who rarely get to see each other because by the time they finish work, commute home, and get the chores done they have little time and energy left over for each other. Working together is a different type of being together but for people who really enjoy their partner's company it's all good.
  3. You get to know your spouse better and learn to appreciate them more. - Working with your spouse allows you to see a whole other side of their personality. You will see them in a way most spouses don't get to see. You will see your spouse at their worst and at their best. Not everyone gets to see their spouse using their work related talents and it can open your eyes to their merit outside of their service to the family.
  4. Allows flexibility to handle other responsibilities like children or aging parents. - This is one of the biggest advantages of running a business with your spouse, especially if you have children or other time consuming responsibilities. Having the flexibility with your time and energy to fit in other responsibilities during the work day can be a huge benefit to your quality of life. There a peace of mind in knowing that you have your spouse at work or at home to handle things when you need to be away.
  5. You can make lots of money. - Running a family owned business can make you a lot of money if it's the right business for you.

Cons to Mixing Work and Family:

  1. The wrong combination of people can be a disaster in a business. - Sometimes working together can bring out the worst in each other especially if the two individuals are a lot alike. If you both have 'type A' temperaments, or are both stubborn for example this can wreck havoc when trying to run a business together. Some people are much better off keeping their working lives separate from their married life.
  2. You spend too much time together. - Spending lots of time together is not a good thing for all people. There are some people that do better in relationships when they have ample time apart doing their own thing. This way they are less likely to get bored or irritated with one another.
  3. Relationship can become too much like a business arrangement and not enough of a marriage. - There is obviously a different atmosphere in a business meeting than there is at a romantic dinner for two. Yet, for spouses who run a business together you need to be able to switch between both vibes easily and quickly. If the relationship becomes too focused on the business you can lose the closeness and intimacy needed to sustain the marriage.
  4. There is less diversity to handle setbacks. - If the business does not do well or is going through a slow period you don't have the income of the other spouse to fall back on. All of your eggs are in one basket - win or lose. It's important to develop other avenues to handle setbacks like a line of credit for example. Family businesses should have a bountiful rainy day fund for peace of mind.
  5. You can lose lots of money. - There is nothing like running your own business to suck the funds out of any nest egg. Let's face it, starting a business is risky and expensive. Don't start any business, with your spouse or otherwise, without first taking a candid look at reality. You must have a detailed plan. When your business plan involves both spouses then the relationship needs to be evaluated and planned for as well.

Running a business together is not for everyone. It can make or just as often, break a marriage. But for a couple who has complementing skills, a ton of energy, and excellent communication skills, running a business together can be incredibly rewarding financially and emotionally.  Thank you for this insightful post Maureen! (Find out more about Maureen's organization.)  (Photo courtesy of Butterfly Sha.)

Share your own pros and cons for working with a spouse or family member.  Good idea or not-so-good from your experience?  

Posted by maggie at 3:56 AM
Friday, February 11, 2011

Scott Gerber Believes in Never Getting A Real Job

Scott Gerber is a part of a growing trend of Gen-Y business owners.  In fact, he's teaching others how to follow in his footsteps with his new book, "Never Get a Real Job."  He's also founded the Young Entrepreneurs Council.  

Today I'm debating Scott on my SIRIUSXM radio show about his recent controversial Inc. column entitled, "Why Being Passionate is Awful Advice"

Beyond the controversy, I asked Scott to elaborate on his own career path and the lessons he's learned being an entrepreneur at such a young age.  I think you'll see below that his words are those of wisdom and ones we can all benefit from at any age...  

Q: How did you know you were meant to "never get a real job"?

A: The thought of putting all of my eggs into one basket that I neither owned nor controlled was not appealing to me. I wanted to be in control of my own destiny and financial security--and even though my benefits-toting, stability-preaching teacher mother told me to get a real job every step of the way--I had confidence in myself that I would be able to validate my college degree and talents without a boss.

Q: What do you like most about being an entrepreneur?

Problem solving. I enjoy overcoming obstacles and making things happen. It keeps me motivated and driven everyday.

Q: What's your level of job security being your own boss? Do you feel you have less or more?

Much more. The buck stops with me. If I screw up or miscalculate something then only I'm to blame. That's much less risky in my opinion than trusting some C-level executive or middle manager that doesn't know my name with my financial security. Depending on multiple streams of income and partnering with smart people and companies always helps me to mitigate my risks and maximize my potential.

Q: What one skill should people make sure to focus on to be successful if self-employed?

Execute! Execute! Execute! If you plan to do something, do it! No one will hold your hand to make sure you work hard. Remember, entrepreneurs are doers, not talkers.  Anyone and everyone can be a Monday morning quarterback, but only a few can make it to the field.

Posted by maggie at 6:23 PM