I was working recently with a wonderful group of tech professionals. They are a rapidly growing team here in Washington, D.C., and one of the things that they were talking about was how do they take care of their team…
I’ve been helping some of my coaching clients evaluate whether to take a buyout or not. Here are some ways to evaluate whether you should. You’ll notice the most important questions are not about the number.
1. What’s my marketability? Test the market if you can by talking to some recruiters or even applying for other jobs if you have time. Get an overall sense of what your chance of landing another job would be.
2. How happy am I? This may not seem as obvious as how many years have I to retirement or how many children do I need to get through college, but it’s a great question. If you spend a lot of time complaining about your job and your colleagues to your spouse or friends, this may be your opportunity to make a much-needed change.
3. What’s my appetite for entrepreneurship? If your experience and temperament lend themselves to life as a consultant, consider taking the package and see if you can consult to your current firm as your first client. You cost less off the books but you may have insights they will gladly pay for, as may other companies in your sector. Your buyout offer helps cushion you in the transition until your practice is up and running.
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Don’t forget to check out my new book DO IT MEAN IT BE IT, The Keys to Achieve Success, Happiness, and Everything You Deserve at Work and in Life available now on Amazon