NEW YORK, Oct 12 (Businesshala) – After working for years in corporate marketing jobs, Allie Fendrick and Kate Meehan of Minneapolis had already contemplated shaking up their careers.
Then the COVID-19 pandemic hit.
“I think there’s nothing quite like a global virus that really makes everyone take a hard and meaningful look at what we’re doing,” Fendrick said.
The pair decided to leave their advertising agency, co-founding the brand and communications firm Hush Collaborative with two former associates. Fendrick says the venture is “very much a pandemic product,” aiming to reshape the status quo in the industry by embracing emotion in brand strategy.
They are only two of the millions of Americans who have quit their jobs during the health crisis, a phenomenon known as the “Great Resignation”. About 4.3 million people left jobs in August 2021, the highest level recorded in December 2000, according to data from the US Bureau of Labor Statistics released on Tuesday.
While lockdowns and home offices have made many Americans consider a change, anyone thinking about quitting should do so thoughtfully and with intention, says personal finance expert Farnoosh Torabi, who is a senior at CNET Personal Finance. Scale editor. It starts with asking yourself if you really need to quit in the first place.
“Sometimes we feel like we should give up… Maybe we don’t see any other way. But sometimes it’s also driven by fear,” Torabi says. “We’re afraid to face our employers and say ‘Hey, I’m burnt out. I want a vacation.’ We are concerned that there may be some weakness or a feeling of not being a team player.”
Workers looking to take a leap should distance themselves from their current job, which could include longer vacation time or longer breaks for lower pay, Torabi notes.
For those who decide to quit without another job, it’s helpful to visualize the interview process for your next gig.
Make sure you have a good story in your resume to explain the difference, Torabi says.
“Speak in a way that serves you, shows that you’re someone who is proactive … and in the time in between, you’re doing something to keep yourself busy,” Torabi says.
This doesn’t make it less important to take time off to de-stress, especially if a heavy work environment prompted you to resign in the first place—but do so with the mindset that you’ll be looking for work in the near future. .
For Meehan, Fendrick and their colleagues, having a fleshed-out concept helped make Hush Collaborative’s launch a success.
Torabi advises all entrepreneurs to wait and develop their ideas for a new venture before leaving a stable job. This can mean creating a business plan, building a community around the brand, and even testing the running of the product before you go.
It also means organizing your finances first. Torabi suggests entrepreneurs have a year’s worth of essential living expenses saved up before taking the plunge.
“You want to be able to take some risks in the beginning,” Torabi says. “You don’t want to feel obligated because you only give yourself a month or two worth of living expenses.”
The founders of Hush say that being completely transparent about each other’s living expenses gives them a sense of control.
“I can marry you too,” Meehan quipped Fendrick.