Advice

Let Me Bore You: Stability and Profit

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And let's get down to some more boring career advice!  You know you enjoy it, if only because it saves on sleeping pills!

Today's subject – stability versus profit at work.

Sure we all want high levels of pay, and a lot of us probably deserve them.  However one of the factors to consider in long term career planning, is that just because you get paid a certain amount a year on average, it doesn't mean that's what you'll make in the end.  You will face pay cuts, layoffs, etc.

That has to be taken into account in working on long-term plans and budgets.

What's the average rate of pay in your profession – and the average amount of time someone spends unemployed – and how often does it happen?  If you've found over eight years that you get laid off every 2 years and it takes you 3 months to find a job, that's not eight years of solid employment – that's 12 entire months of unemployment in 8 years – you really only worked 7 years.  In short, you made 7/8 of your pay rate (not counting unemployment and severance of course).

That little bit of math can be a lifesaver in long-term planning because it not only lets you project ahead and tells you about your unemployment prospects (for instance in some professions certain months and quarters are more likely for layoffs), but also lets you do some long-term budgeting.  You can, with just basic math skills, do a bit more planning ahead and calculations to stay on an even keep financially.

So, take an inventory of your past employment and see what you can see in layoffs, hiring, and how it might impact your budget.

– Steven Savage

Welcome to The Everything Wars

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Bonnie and I write on video wars, text wars, audio wars, book wars.  I'm starting to think that we may have this wrong.  Not that we're wrong about there being a LOT of competition over standards, delivery methods, media, etc.  I think we're not looking at it from a big enough picture.

We've seen Google announce an OS aimed at Netbooks.  Microsoft suddenly announces Office for Web really isn't as far away as it seemed.  Amazon is working on text deployment (Kindle of course), which conflicts with Barnes and Noble, and also runs on the iPhone.  The iPhone now has to cope with Android (Google), but Verizon is also getting in on the phone app store act.  EVERYONE is busy with some kind of video, while Hulu finally explains why PS3 people got locked out for awhile, and Netflix is scrambling to work with Microsoft.  Microsoft as we noted, is tussling with Google, so who knows what's next.

We don't have video wars.  Or audio wars.  Or text wars.

In the technical side of the Geekonomy we've now got the EVERYTHING wars.  Everyone at some point seems to be butting heads with everyone else in the technology and media side of things.  I'd say we've got unprecedented conflicts, changes, and just plain weirdness coming our way for at least two years.

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And one brainstorm book is set aside . . .

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I've written before about my Brainstorm Book technique.  To sum it up quickly – I keep a book with me to write down Great Ideas relevant to my life/career/ambitions and review it regularly.  I use a relatively small, 7×5 inch book that fits easily in my briefcase or sits on my nightstand.

This one I've been using since October 2008, reviewing it every few weeks to refresh myself on ideas I had, integrating certain ones into my future plans, preserving others for later.  Indeed, part of this blog and how it's evolved came from there, as have generators at Seventh Sanctum, and other ideas.

I looked through the recent entries, and then placed it on my "must reread" shelf of books for review in the near future.  I felt oddly sentimental, because I have a lot of great ideas in there, things that have changed, are changing, and will change and improve my life.

The brainstorm book idea, as I said, is a way to get, keep, and review good ideas – but it also provides the discipline to keep working on your personal vision for your life.  It makes thinking about the future, about developing Great Ideas, a habit, an instinct.  Great Ideas are really easy to have – we tend to make them hard, ignore them, or brush them off.  Giving them a chance at life takes some work.

I have over eight months of great ideas, in my awful handwriting, sitting on my shelf.  The ideas in that book – and it's brother, which now sits on my nightstand – will be with me for years or decades to come.

Yeah.  It's worth doing.  If you haven't, go read this essay, and go get one.

– Steven Savage