One of the greatest fears anyone can have in their career is an impending layoff. It usually starts as a rumor.
“Hey did you hear they’re planning layoffs?” There is always that person who seems to always have the inside track. Sometimes the rumor comes to fruition. Sometimes it ends up being just that – a rumor.
Everybody needs to try to be aware of how things are going with the financial health of the organization they work for. It’s even more important in the consulting industry.
Every industry has its own indicators that things may not be going well. It is the employee’s responsibility to follow those trends and to decide whether to stick with the organization and ride out the storm, or to find a firm that is in more stable condition. Continue reading 3 Signs Your Consulting Firm will fail→
We hear about people “playing it safe” all the time. You hear it in investing scenarios when someone invests in vehicles that may not aggressively increase in value, but probably won’t lose value.
Sport team’s do it all the time. Football teams develop prevent defenses, which allow opposing teams to make short gains, but are prevented from making a long pass or score a touchdown in a single play. A short pass combined with a long run can backfire on them.
It’s been said that we get what we measure. That can be either good news or bad. If a consulting sales team is measured strictly on the sales revenue they bring in, you may get some sales people who go out and sell a lot of services. Whether they sell services that the firm can actually deliver is another issue.
We have a vision of success and how we will measure it. Then we drive people towards that vision. When we finally get to the finish line, the focus is on the measurement of success rather than what we really accomplished. We could experience failure and not really know it.
After a five-year stint away from consulting, I realized that I missed it. A lot. I enjoyed the two jobs I held during my little sabbatical and met some incredible people. But I didn’t find it as challenging and fulfilling as consulting.
So I’m now nearly two months into my consulting re-entry. I went in with more than a little cockiness. I had several years of consulting experience on my resume and thought I knew what I was doing. To a large extent, I did. But every firm has their own way of doing things. I was fortunate enough to join a great firm that has a unique way of doing things and sets their standards very high. Continue reading How I’ve Learned to Love Failing→