Quitting Your Day Job

Where Do You See Yourself in Five Years? Visualize Your Escape

August 14th, 2008

Written by Pamela Skillings

“Where do you see yourself in five years?”

It’s a stupid interview question. There is no remotely honest way to answer this question in an interview that will please a hiring manager. I always went with something like: “Working in a challenging role in a fantastic company like yours!” Which is a total BS response, but always seemed to satisfy interviewers (Do you have a better answer or a really unwise answer that you regret? Please share.)

But have you ever REALLY thought about where you see yourself in five years? Most of us haven’t — especially in the corporate world. We move from opportunity to opportunity without much thought about the future beyond wanting to keep advancing and making more money (and avoiding the layoff fairy). That’s probably because it’s almost impossible to predict what’s going to happen during five years of reorganizations, mergers, and other fun corporate games.
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America’s Toughest Jobs

August 11th, 2008

Written by Pamela Skillings

Tough day at the office? Look on the bright side: at least you haven’t been trampled by a bull today.

In the new NBC show America’s Toughest Jobs, misguided reality show contestants (including a receptionist and a sculptor) will compete to prove themselves in difficult jobs including logging, extreme fishing, gold mining, and oil drilling. The winner will take home $250,000, the combined annual salary of all of the tough jobs featured on the show.

And yes, somebody gets trampled by a bull at some point during the competition. She actually seemed to be in remarkably good spirits about it in the preview clip.

Why would somebody volunteer for this show?  According to the official website, “America’s Toughest Jobs is for everyone who’s ever wished for a chance to leave behind the safe, comfortable monotony of their job for something more.”

I am looking forward to the premiere on August 25th (at 9/8 Central on NBC) to see how many corporate escapees are in the mix and how they fare in the competition. America’s Toughest Jobs is produced by Thom Beers, the guy who brought us Deadliest Catch and Ice Road Truckers.

This show takes the concepts behind those shows and the Discovery Channel’s Dirty Jobs to the next level. Instead of just watching other people work in terrifying or horrifying jobs, viewers now get to try them out for themselves.

I honestly think people are fascinated by these shows because they make them feel better about their own work problems. What do you think? Wouldn’t you rather be in a painful, endless corporate meeting than freezing your face off on a fishing boat on the Bering Sea?

P.S. If your answer to the above question is no, you REALLY need to find a new career path.

Make Getting Fired Work for You

July 22nd, 2008

Written by Pamela Skillings

The DonaldWho says losing your job has to be a bad experience? I don’t mean to be glib about it because I know personally that getting laid off or let go can be a very unpleasant surprise. However, I also know many people who have turned job losses into positive career changes and/or  profitable new business ventures.

I recently shared my views on this subject with a CNN.com reporter for the article Make Getting Fired Work for You. My bit is near the end (under the subhead ‘It’s OK to be happy about it").

The article also provide some other interesting insights. One tip is to thoroughly analyze why the job loss happened. While I agree that it’s generally useful to reflect on what you can learn from an experience,  I also think it’s important to make a distinction between getting fired and getting laid off. If you’ve been let go for performance issues, then it certainly makes sense to think about how you can avoid making the same mistakes in the future. However, when it comes to trying to understand the reasons for getting downsized, you can drive yourself crazy trying to figure out what you did to "deserve" it. In most cases, it absolutely was not you, it was them. You’d be better off using your analytical skills and your valuable time to figure out your next career move.

How to Get Started in Freelancing or Consulting | A Guide for the Recently Laid-Off

June 24th, 2008

Written by Pamela Skillings

Given the seemingly-daily announcements of new corporate layoffs, it’s no surprise that my most frequently asked question of the moment is about how to start a career as a freelancer or independent consultant. Many of these queries come from the recently downsized. Some of them are looking for ways to make extra cash while hunting for their next full-time position. Others are fed up with layoffs and bad corporate behavior and thinking about making a permanent switch to working for themselves.

If you’re currently between jobs (or fear you may be soon), I recommend giving the freelance life a try. Even if you have no interest in working for yourself long-term, it’s a great way to create a temporary cash flow and make valuable contacts (those freelance clients will likely be hiring for full-time positions eventually).

Freelancing is also a good way to take control when the indignities of the typical job search start to make you feel powerless. Who knows? You may be so successful on your own  that you’ll never want to return to cubicle life. I know many thriving solopreneurs who started freelancing as a temporary arrangement between gigs and got hooked.

So how do you get started? If you’ve been laid off, you’re probably  itching to start making some money fast. That’s why I put together the tips below on how to quickly land those first paying gigs (for more in-depth advice on launching a career as a solopreneur, please also check out Chapter 8 of  Escape from Corporate America). 

1) Define your service offering. For some of you, this is a no-brainer. Certain career specializations lend themselves to freelancing more easily than others. For example, there is always demand for freelance writers, designers, and programmers. But there are also plenty of opportunities for those whose skills are not quite as easily packaged. Think about who might be able to use your knowledge, talents and experience on a freelance basis. Can you manage projects, advise on strategy, conduct research, or revamp processes (to name just a few examples)? It’s important to be proactive about defining what you can do. Don’t just wait around for potential clients to tell you what they need.

2) Set your rates. The question of what to charge can be a challenging one. When you’re starting out, setting your rate will be more art than science. Do your research on the going market rates for similar services by checking out listings for freelancing and consulting assignments on the sites mentioned in Tip #3 below. Join a networking group for independent professionals in your field (like Freelancers’ Union or Mediabistro for example) and ask other members about appropriate fee ranges. As a newbie, you’ll probably have to be a bit flexible. Once you’ve got some experience to back up your claims of greatness and a better understanding of your fair market value, you can always adjust your rates accordingly.

 3) Find assignments. There are potential clients out there looking for you right now. You just have to know where to find them.

  • Start with online freelance marketplaces like eLance.com and Guru.com. You can browse through available projects and bid on the ones that interest you.
  • Job boards like Monster.com and Hotjobs.com can also be good sources. Search for "freelance" or "contract" positions. Similarly, there are often freelance job listings on Craigslist. Many of these listings are placed by staffing agencies that frequently fill contract positions. Make note of which agencies have posted attractive opportunities and consider contacting them directly to ask about other openings.For example, Hired Guns is a NYC-based agency that specializes in contract and freelance work.

4)  Do your own business development. Not all great assignments are listed. That’s why it pays to reach out to your network and let people know that you are available for freelance or contract work. Describe the types of projects that you’re seeking and express your appreciation for any leads or suggestions. And don’t stop with the people that you already know. Spend a few bucks on some business cards for your freelancing business and pass them out at networking events and other gatherings (you can get cheap business cards at VistaPrint, but I recommend steering clear of the free ones with the VistaPrint logo that make it obvious just HOW cheap your cards are). While you’re at it, update your profile on LinkedIn and Facebook (and other social networks and industry directories)  to reflect your new status as a consultant.

5) Get to work. Once you’ve got your first assignment, the hardest part is over. Do a great job, get paid, and prepare for more work to roll in.

Of course, it will take time to learn all of the ins and outs of freelance life — invoicing, managing your time, managing your clients, managing your cash flow, and all of that fun stuff. If you have questions about these or other aspects of making the move from employee to independent consultant, let me know and I I’ll address them in a future post. Similarly, if you’re an experienced independent contractor with tips for those new to the game, please share your wisdom.

The important thing to remember is that you don’t necessarily need a 9-to-5 job to pay your bills. That can be very reassuring news for anyone who has been laid off or is feeling panicky about the less-than-promising job market. If you’ve ever thought about what it might be like to work for yourself, now may be the perfect time to try it out.

Delta Airlines Offers Escape Packages

March 19th, 2008

Written by Pamela Skillings

Delta Airlines is offering voluntary severance packages to thousands of employees, according to a recent AP story. Higher fuel prices and a weak economy have prompted the move, which aims to cut 2,000 front-line, administrative and management jobs.

Employees who accept the offers will receive severance payments as well as travel privileges and additional benefits to help them with managing their career transitions.

While the announcement of job cuts is rarely good news for a company, the offer of voluntary severance packages can be a fantastic opportunity for those who are contemplating a career change or a complete escape from Corporate America. Most voluntary severance packages come with at least a couple of months of salary and benefits and often other perks to sweeten the deal.

Several of the corporate escape artists that I interviewed were able to jump start their new careers or businesses because of voluntary severance packages. I remember a time when I fervently prayed that I would be laid off with severance. There may be some risk involved in "taking a package" in an uncertain economy, but it may also be too good an opportunity to pass up.

If you’re tempted by a severance package offer, take the time to sit down and do the math:

  • With severance payments and any savings you’ve socked away, how long will you be able to pay your bills without additional income?
  • How long is it likely to take for you to find a new job or get a new income source up and running (like your own business or a freelance career)?
  • Is your job likely to be at risk if you DON’T take a package? If it seems likely that there will be additional non-voluntary job cuts at your firm and that your job could be vulnerable, you may be better off leaving now (assuming that it’s financially viable). Voluntary severance packages are often sweeter deals than the standard packages offered to downsized employees.

If you’d like to leave, but have concerns about finances or benefits, it may help to consult a financial advisor and get some expert guidance. If you are struggling with other issues — like whether you really want to leave or what you’re going to do next — a career counselor can help you to evaluate your options and do any necessary research.

In any case, it’s important to look at the potential opportunities represented by a voluntary severance offer After all, it would take you months to save up enough money to equal a generous severance payout. That cash can provide a nice safety net while you get a new business up and running, look for a new job, or navigate a career change.

Escape from Corporate America

March 1st, 2008

Written by Pamela Skillings

The latest brief from the "Escape from Corporate America" movement comes by way of a great article by in Condé Nast Portfolio. The piece focuses on the growing number of Millenial generation workers who are quitting their well-paid and prestigious corporate jobs to pursue careers with meaning.

The story cites research that has shown that workers born after 1980 (approximately 80 million of them) care much more about how they spend their time on the job than about how much money they make. For the Millenials profiled in Viana’s article, it’s all about passion — passion so strong they were willing to give up six-figure salaries to start new companies from scratch.

In my own research, I have found that members of the Millenial generation are much more confident and vocal about their desire for meaningful work, but they’re not the only ones seeking career fulfillment. I interviewed professionals from all age groups who walked away from job security to pursue their dreams.

I think it just takes a little bit longer for Gen Xers and Baby Boomers to feel ready to make such a dramatic career change — most have been trained to climb the corporate ladder and many have been taught that job fulfillment is a selfish idea. Meanwhile, the Millenials have been raised to believe they can be whatever they want to be — CEOs, entrepreneurs,  or rock stars.

While some mock the Millenial sense of entitlement, there may be lessons that the rest of us can learn from them. I think it’s inspiring to see people willing to give up fat paychecks to try to change the world or at least find work that they love. Check out the links below to the web sites of the corporate escapees profiled in Viana’s article (you’ll find links to other great corporate escapees in my "Escape Artists" blogroll over there –> ):

  • OldCampus.com — An online political hub started by former investment banker Manish Vora
  • Change.org — A social networking site that connects people who are passionate about the same issues, founded by former management consultant Ben Rattray.
  • GiveWell.net — An online hub for researching charities, launched by former hedge fund players Holden Karnofsky and Elie Hassenfeld.



Code Monkey to Rock Star

February 19th, 2008

Written by Pamela Skillings

I just had to post a link to this inspiring story featured on Yahoo! today. Jonathan Coulton was a software engineer who quit his job to become a rock star. Today, he’s earning more than his old salary by selling his music online, including tracks inspired by his office life like the irresistable "Code Monkey."

I really like his quote about what prompted him to leave his code monkey career to to pursue his music: "I have known some bitter people in my life who never did what they wanted to do, and I didn’t wanna be that person."

I sure wish I had known about Jonathan while I was still working on the book. I’d love to interview him and learn more about how he made his career change work. After all, rock star is a pretty ballsy goal to dream about from a cubicle and he made it happen.

Check out Jonathan’s story on Yahoo!

Visit Jonathan’s site to hear his music.

From Day Jobs to Day Zero

January 18th, 2008

Written by Pamela Skillings

Chris Klein in Day Zero
Ever fantasize about quitting your corporate day job to make movies and hang out with celebrities? Tony Moody and Rob Malkani did just that. And this weekend, their film Day Zero, which stars Elijah Wood and Chris Klein and made a splash at the 2007 Tribeca Film Festival, will open in New York City.

If you’re in New York, support two fellow corporate escape artists by checking out Day Zero at the Anjelika this weekend. The film imagines New York City after the draft has been reinstated (a premise that is frighteningly not terribly far-fetched) and follows the reactions of three NYC draftees — a corporate lawyer played by Chris Klein, a neurotic writer played by Elijah Wood, and a cab driver played by Jon Bernthal.

I met Tony and Rob when I was sent to review Day Zero at the Tribeca Film Festival. When I read their press kit bios, I noticed that both were corporate escapees and knew I had to meet them. I was even more impressed when I saw that the movie was actually good.

I ended up interviewing both Tony and Rob for my upcoming book, Escape from Corporate America, and found their stories to be pretty inspiring. Both walked away from prestigious corporate jobs to follow their dreams. Tony was a senior trader at one of the country’s top brokerages before becoming a film producer. Rob was a corporate lawyer and then a highly-paid investment banker before quitting to focus on a career as a screenwriter and producer.

Both saved up their money when they were earning big corporate paychecks to create escape funds that paid their bills when they were getting started in the film business. Although their finances are still a lot less predictable than during their corporate days, both Tony and Rob say they are much happier because they are doing work they love.

If you’re looking for an engaging and thought-provoking film this weekend, I highly recommend Day Zero. After all, all of the advance reviews say Cloverfield is a monstrous disappointment and 27 Dresses is mostly warmed-over chick-flick cliches.

When I saw Day Zero at Tribeca, everyone left the theater buzzing and debating. Get tickets for Day Zero at the Angelika. Catch the 7:45 Friday show and stick around for a Q&A session with Tony and actor Jon Bernthal (if you don’t know his name yet, you will).

White-Collar to Green-Collar

January 12th, 2008

Written by Pamela Skillings


According to an interesting new article in Business Week by writer Douglas McMillan, a growing number of midlife career-changers are ditching their corporate gigs to pursue careers devoted to the environment.

There are currently 8.5 million of these "green-collar jobs" in renewable-energy and energy-efficiency industries in the U.S. and a November report commissioned by the American Solar Energy Society projects that number could grow to 40 million by 2030.

Interested in pursuing a green career? Here are some resources to get you started:

Win $50K To Fund Your Dream

November 18th, 2007

Written by Pamela Skillings

Do you have a business idea or career fantasy that has stalled because of lack of capital? Would a big check for $50,000 give you the cushion you need to quit your day job and go after your dream? While I’m sure you’d like $100,000 to start that new home-based business, this would still make for a nice deposit in your Escape Fund.

The Intuit Just Start Contest is giving one lucky person a $50,000 grant to strike out on their own and follow their passion ($5,000 prizes will also go to each of two runners-up). Just tell them what it is that you want to "Just Start." Your submission can be in writing or on video and will be judged based on your clarity of expression and the feasibility of your idea. Entries are due by December 15, 2007.

Who will be sitting in judgment of you and your dreams? Columnist and small business expert Anita Campbell, author and marketing guru John Jantsch (the man behind the awesome Duct Tape Marketing blog), and technology consultant Ramon Ray.

And while you’re online, you might want to check out JumpUp, the free online community for entrepreneurs that was started by Intuit. Life as an aspiring entrepreneur toiling in a day job can be lonely and isolating. JumpUp is a great place to connect with a community of like-minded people who can share advice, ideas, and opportunities.