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Surprise career change - Yankee 2.0
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Surprise career change

It looks like half of my income/career is about to disappear. For the past few years, half of my income has come from the corporate training business that I own, and half has come from teaching at the local community college. The community college gig has been my rock, with the training business fluctuating in terms of income and busy-ness. Well, it looks like the teaching thing might not happen this semester -- which means half of my income will be gone, and I'll need to make up for it somehow. I will know definitely on Wednesday, but the enrollment is really really low, and the Dean has been leading me to believe that the classes won't run.  

At first, I figured it would all work out (meaning enrollment would increase, and things would just keep trucking along), but now that I'm really faced with the prospect of that part of my professional life ending, I'm starting to panic a bit. I hope to get to the point of explaining "why I like failure" like Gary says he does in his post. I know things will work out one way or another, but right now it's slightly nerve-wracking to think that I need to change all my plans and figure out a way (in the middle of this big recession) to make up that income.... I don't like failure yet.

Published Aug 30 2009, 07:56 AM by Anne Cross
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Gary said:

Anne,

Sounds like you haven't failed. Times and circumstances have just changed.

The businesses I know are cutting things that don't produce profit right now. Are there any portions of your training that can help them address that question? That portion could be marketed to companies directly or might even make a real good course for the winter/spring semester.

What you know could be very valuable to businesses in this environment!

August 31, 2009 2:19 PM
 

Anne Cross said:

Well, it turns out that two of my three courses will run this semester at the community college. So I will be earning 2/3 of what I expected. One great thing about teaching there is that it's within walking distance of my house, so I need to vow NOT to take my car up there (which I sometimes do), in order to save some of that lost income.

I plan to rededicate myself to drumming up business for my training company. I hate doing sales, but love the real work of my business. May have to hire a sales person to get it going.

September 5, 2009 5:33 AM
 

Kim_Mango said:

Anne -

I came into your post late since I just joined but I feel your struggle.  I'm working towards a career change, but in my case, I'm the one making the move.  

I've begun moonlighting by doing freelance writing and so far I enjoy it, but it would hardly cover my income if I lost it tomorrow.  I'm doing the best I can to generate contingency plans.

For example, if I were to only make two-thirds of my salary, what changes would I have to make to be comfortable with that income.  Walking to work is a great option - plus you could burn calories too!  

It seems that marketing and drumming up business is 50% of the equation when working for yourself.  

Best of luck and thank you for the inspiration.  You got me thinking today!

Best,

Kim

October 2, 2009 3:33 PM

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