Tuesday, June 09, 2009

Surviving a Downturn as a Consultant

Many executives in career transition are consulting as independent contractors during the interim of their job search campaign. Here are thoughts on surviving and thriving through a downturn as a consultant.

It is very important that you strengthen your offering, positioning and foundation.

OFFERING
Over-deliver core offerings to core customers. The temptation is to expand into new products or new services and new customers. The issue is the risk/reward trade-off of that investment, particularly given the likelihood of irrational behavior by the people who will lose business or customers to your initiatives. Plus, there's the additional risk of diluting your positioning. Instead, deploy extra resources to strengthen your core offerings and delight your core customers.

POSITIONING
Strengthen your existing positioning. Downturns are good times to increase market-share. They're even better times to increase mind-share. Use extra time to accelerate your thought leadership in your current area of strength, resisting the temptation to try to broaden your positioning.

FOUNDATION
Manage cash. This is different than managing profits. Downturns require disciplined management of cash inflows and outflows. There are longer-term investments that make sense in normal times that may be too risky for the short term. Remember, you have to make it through the short term to get to the long term.

Good Hunting!
Coach Mark

Thursday, May 07, 2009

Working a Room in Under 60 Minutes

By Bruce Allen – Marketing Catalyst Blog

I attend more than 150 business events every year. That's a lot of crackers, cucumbers, cheese, cheap wine and name badge spotting. It takes its toll, and I'm not always able of handle a full two-four hour production. During heavy event seasons I've also had to cover two or more events in one evening. And, sometimes work or life commitments dictate how quickly I need to leave. Whatever the reason I've learned a few things about maximizing my time at an event without staying for the duration.

Arrive early. When possible I might be the first person there. This allows me time to talk with organizers, association principles, etc. These are all good connections to have and explore. They can key me in on expected attendees, future activities and opportunities.

Read the names on the badges at the registration table. I like knowing whom I might meet – prospects, clients, competitors, referral resources, etc.

Once people start flowing in I stay near the entrance to the main networking area. People are more easily engaged in a conversation earlier than later. Plus, I will have a better chance of meeting everyone I want to meet. I am also by a maximum of attendees. Being
seen is almost as important as being known.

If I visit the bar or food tables – I’ll invite someone to join me. From the front door almost everyone is headed to one of those two places as their first stop after registration.

I often offer to bring drinks to a gaggle of people. They will definitely include me in their conversation when I return and people feel good about people that pamper them.

After about 30 minutes, when the crowd has really grown and a good buzz is happening I walk from the entrance to the furthest point away from the door in the networking space. Along the way I greet people I know but haven't spoken with yet, I wave and nod at
people I've already talked to, and smile at as many people as look me in the eye.

Once at the back of the room I survey the room for a cluster of VIPs hoping I know someone in the gaggle. If so, that's where I'm headed. If not, I look for a fellow service provider to discuss who is attending. What we can do together is make mutual
introductions and share information/insight about people in the room.

When the event is 45 minutes old I have pretty much "worked" the room and can start toward the exit much like I entered; nodding, shaking hands, and smiling. What I have accomplished is immense! I was seen by many, I appeared to be known by many, I made important connections (and set up opportunities for private meetings), and been a contributor to the "buzz" of an event.

For the record let me say that I think it is bad form to leave an event early. For all of the effort that individuals put into an event it is the decent thing to stay to the end. I hope for the same from attendees at events that I orchestrate. But at every event it is not possible for me as it is not possible for everyone that shows up. So if you find that your time is limited these were just a few ideas for making the journey productive.

Good Hunting!
Mark S. James, CPC
Career Catalyst
Hire Consulting Services

Tuesday, April 14, 2009

Current U.S. Job Trends

The Hire Report
Current U.S. Job/Career Trends

Trend #1: Senior executive talent is still in demand, albeit with more scrutiny and selectivity than ever before.

Trend #2: Shortages in "qualified" candidates still remains, although the pool to select from has grown very large and competitive. Well-networked candidates are the ones getting hired!

Trend #3: Innovation is still king, especially as companies rethink how they can compete on a different landscape.

Trend #4: Baby boomers, who are relevant for today's market, are finding more job openings for their experience, wisdom and expertise.

Trend #5: Revenue is key today – period!

Trend #6: Smart companies are approaching the recession as a chance to upgrade talent at the same price.

Trend #7: Middle management ranks are getting squeezed; the greatest number of layoffs are with the $100K - $185K (US) executives.

Trend #8: New entrepreneurs are cropping up from the ranks of laid off executives. Independent Consulting and Interim Management positions are very hot right now!

Trend #9: Although the war for talent may have cooled, relative to the current battle -- however, the war still rages on for good companies to hire top talent.

Trend #10: Companies started in this recession will be the leaders in the new economy that arises out of today's ashes.

Good Hunting!
Coach Mark

Thursday, March 12, 2009

2009 Business Sector Rankings

Environmental services and so-called ‘clean technology’ lead the list of industries executive recruiters expect to generate the greatest growth in executive-level hiring in 2009, according to ExecuNet research. This sector moved from #7 to #1 on ExecuNet’s list of top growth industries for executive hiring in just over 12 months.

Current 2009 Ranking (January 2008 Ranking)
1. Environmental Services/Clean Technology (7)
2. Healthcare (1)
3. Life Sciences/Pharmaceuticals (3)
4. Energy (5)
5. High Tech (4)

Source: ExecuNet Recruiter Confidence Poll

Good Hunting!
Coach Mark
Hire Consulting Services

Friday, January 30, 2009

10 Truths About Layoffs

1. There are worse things than being laid off -- like staying in a bad job for "security."

2. In fact, losing your job may be the best career move you'll ever make.

3. But don't be surprised if you are unemployed longer than you expected at first.

4. Start your job search right away, but don’t network too soon. Update your resume and create a job search strategy first.

5. The Internet job postings won't necessarily solve your job-search problem. It only yields a new job about 5%-10% of the time. You must be able network effectively to find the next job!

6. There may be sacrifices ahead and you may have to settle for less money.

7. You might have to reinvent and re-brand yourself by changing disciplines and industries to be competitive.

8. You may also have to consider relocation to a different city.

9. For all the turmoil, never forget that your professional life span is longer than that of most companies.

10. Your real job is to discover what you truly love and then find a way to make a living doing it.

When in doubt -- hire a career transition coach to help you define your skills and competencies and develop a strategy to conduct a professional job search campaign and find your new job more quickly and efficiently.

Good Hunting!
Coach Mark
Hire Consulting Services

Monday, January 05, 2009

Create your own “Career” Board of Advisers

Here is an answer to a BIG question on how to approach people when you need to grow a business and/or conduct a job search campaign by getting connected to target companies, prospect clients and new customers. This advice will apply to everyone you know and meet as you expand your network to create a strong level of success for your new consulting opportunity and future job search activity.

There is strength in numbers and forming your own "small" focus mastermind network group is a "must do" and "critical have" for small business owners and job seekers alike. You can have a support group at your own career level to offer guidance and support in your job search and/or consulting practice. Conducting business and/or job search on your own is not a viable option in today's business and economic environment.

Hint: The ideal place to start these personal network groups is the contacts you have on your cell phone and the email address book in Outlook.

If you can envision a pyramid with 3 levels of contacts:
LEVEL 1
Build your network of solid people from a diverse background versus similar industry backgrounds. Do this through attending network organizations and personal connections. The people you are introduced to at these meetings are the ones you feel will benefit the focus group you are building which should not exceed 7-10 members, initially. Meet once or more a month as needed and get to know one another’s ideal customer or misc. targets they are seeking. The goal of the focus group is to build relationships, not a casual network and help one another. This will expand your friendships in a confidential group of people that can offer guidance before, during and after you land a new job or client customer. This group is the crème of your overall network. Attempt to do for them what they will try to do for you. This is also your "Life" relationships from here onward. Life relationships encompass business/career, personal friends and family.

One level down on the pyramid is your secondary group:
LEVEL 2
This group can be organized as industry specific or diversified; both seem to have its Benefits. Keep this network group to maybe 20 people. What falls outside of the tier one group will probably benefit this network group. Maintain this group perhaps on a quarterly basis and when opportunities present themselves. This is also a network group to keep close and meet occasionally.

The last level in the pyramid is your base group of people:
LEVEL 3
These are casual network contacts that need periodic attention at 3, 6 or at a minimum of 12 months. Staying in touch with casual contacts can be every bit as important as your core group. You will find occasionally, that there are people in your network that contribute to your needs outside your core group regularly. I would recommend raising their level of contact and contribute to their needs in kind.

Good Hunting!
Coach Mark
Hire Consulting Services

Friday, December 12, 2008

Why Job Hunting Shouldn't Take a Holiday

ExecuNet Article of the Week

Why Job Hunting Shouldn't Take a Holiday
By ExecuNet Contributing Editor Marji McClure

'Tis the season for job hunting? For many job seekers, the holiday season is typically looked toward with dread, as it usually represents time lost in the job search process. But the best gift job seekers may be able to give themselves this time of year could be a combination of strategy and persistence because recruiters and employers may be more focused on filling positions than candidates think.

Recruiters, human resource professionals and career coaches agree that hiring may slow during the last two months of the year, but it definitely doesn’t stop. Opportunities do exist for candidates willing to stay in the game and find them.

Reduced Competition, Increased Opportunities

Rick Taylor, SPHR, president of Ratliff & Taylor Inc., an executive search firm based in North Olmsted, Ohio, says that the pool of candidates does tend to be a bit smaller during the holiday season because many companies delay downsizings until after the New Year. “But it is a much more assertive group that is seeking new employment,” notes Taylor, also an ExecuNet meeting facilitator in the Cleveland region.

It is a group that can take advantage of positions that can open at a moment’s notice. “Even if my internal job opens are low, I have to keep my finger on the pulse of what candidates are available,” says Jill Franzon, human resource manager for Stamford, Conn.-based International Meetings & Science, a medical education and communications company. “Internal situations can change any minute, and it is always best to have a handle on the situation.”

If any of these positions are critical to a company’s operations, it’s not out of the question for holiday season job seekers to officially secure a new job before the first of the year. “Most companies with ‘acute need’ positions to fill will seek to get their offers out to the final candidates so they can start work on January 1,” says Mark James, CPC, president of San Diego, Calif.-based Hire Consulting Services LLC and an ExecuNet meeting facilitator.

Overall, the occurrence of a slowdown in hiring depends on the industry, company and overall health of the economy, says Meg Montford, chief coaching officer of Kansas City, Mo.-based Abilities Enhanced. “I’ll never forget one December when I was working as a recruiter many years ago and I had the biggest sales-generating month of the year, actually of my entire four-year tenure as a recruiter,” recalls Montford. “As with all job search activities, there are no absolutes.”

Still Open for Business

While many organizations do slow their hiring during the holiday season, other processes also slow during this time. It also means that the hiring managers who have not left town on vacation may have more time to talk about employment opportunities. It’s possible to get some face time with these individuals that you may not get during busier times of the year.

“Very few organizations actually close during the holidays and it may be one of the best times to find people available with more willingness to take time for conversations, especially informational interviews,” says Janine Moon, master certified career coach with Columbus, Ohio-based CompassPoint Coaching LLC and an ExecuNet meeting facilitator. “Even if organizations aren’t technically in a hiring mode, most good leaders keep their eyes open for talent regardless of the season, and may, at year-end, be quite open to talking about expectations and new directions for the next year.”

They will especially be more willing to talk if their budgets have been approved and they are confident they will be hiring in the new year, adds Taylor. “Strategic managers may also realize that turnover is usually high after the holidays, and they may want to build up their database of potential replacements, if needed,” Taylor says. “We tell our outplacement candidates that they should really work hard during the holiday season to, hopefully, get their new job in January or February.”

Franzon agrees that holiday job seekers increase their chances of getting their résumés seen and securing interviews. “For those candidates waiting for a bonus or an evaluation, they can interview in December but request a January start date,” Franzon says. “This way, they get the best of both worlds.”

Moon says one of her favorite holiday stories involves an individual who attended ExecuNet meetings for several months. He abruptly stopped right after the holidays before returning in early spring to reveal the secret to his job hunting success. “It seems that he saw nothing to lose by taking advantage of the traditional ‘down time’ in many organizations over the holidays,” says Moon. “He decided he would go door-to-door, with targets in mind, and ask to see hiring managers or HR directors. He found many people in and had a number of conversations during the holiday ‘down time.’ He got a job offer from one of his visits because of his timing and his initiative. He didn’t know what he might find, but he made the most of the possibilities.”

Networking Holiday-Style

If anything, the holiday season offers more opportunities to network than other times of year. Holiday parties can be an ideal setting to make valuable connections in the job search. “Networking is very natural over the holiday season,” says James. “It brings us in contact with people we don’t see very much during the year: former work colleagues, neighbors, relatives and old friends. Sometimes you get a greeting card from someone you lost track of — that’s the perfect time to pick up the phone and reach out to get reconnected.”

Getting reconnected during the holidays will help job seekers if their job search moves into the new year. “These people can all be very influential members of your network, and once you’ve reconnected over a holiday get-together, you can naturally follow-up to ask for more specific job search advice and connectivity assistance,” adds James.

While attending these functions, it’s important to remain positive. A festive attitude will only help you yield the results you wish. “Avoid the ‘bah humbug’ routine,” advises James. “Your transition success outlook and optimism will draw more positive results from the people you meet, and they will naturally try to help and offer advice, leads and referrals. If you are comfortable with your situation, then your audience will be too.”

“It’s also an opportunity for the seeker to focus on what he or she is grateful for and ask others the same,” adds Moon. “This provides a little different context in which to meet and network with others.”

Maintain Your Momentum

It may be difficult to stay focused on job search-related tasks, such as networking, during the holiday months. But it is vital to keep that job search strategy intact during this time. “By keeping up their schedule and even increasing it, job seekers will be ahead of others who look at this time as less value,” says Moon, who adds that it can represent an ideal time to reach out to company decision-makers who may be more accessible during the holiday months. Moon suggests calling these individuals early in the day and late in the afternoon, when they may actually answer their own telephones.

Moon also suggests enlisting the help of an accountability partner during the holidays. “Whether it’s a coach or another job seeker, focusing on the search as a project — one with timelines and objectives and teammates — will keep us more motivated than when we try to go it alone.”

Celebrate Your Progress

If you don’t find many opportunities within your field during the holiday season, don’t let it diminish your motivation. “Give yourself permission to take a vacation from the job search and its stress,” says Montford. “Holidays provide enough stress anyway without adding the job search angst. Find meaningful and inexpensive ways to celebrate the holidays. Remember that giving presents is so much more about expressing love than material worth.”

Moon concurs. But she says that while job seekers should allow themselves to slow down during the holidays, they must do it judiciously. “Identify the ‘slowdown’ days or afternoons and use them as motivation to stay in action and ‘work the plan’ even when it seems that no one else is working during the holidays,” says Moon. “It is a perfect time for job seekers to identify what they are grateful for in their lives, and to make a list and share it with others. Somehow, sharing gratitude is uplifting and it often helps us shift to the positive — something that always helps in staying or becoming motivated and being at peace during the season.”

Networking Works!

Good Hunting!

Mark S. James, CPC
Founder and President
Hire Consulting Services, LLC
Career Management Coaching
Strategic Recruiting Solutions
ExecuNet Meeting Facilitator - Irvine and San Diego
760-230-4301
mjames@HireConsultant.com

Thursday, December 11, 2008

Success is a Journey - Not a Destination!

Consider these thoughts from successful folks in all walks of life:

"A winner is someone who recognizes his God-given talents, works his tail off to develop them into skills, and uses these skills to accomplish his goals."—Larry Bird, basketball star turned coach/team president.

"No one can arrive from being talented alone. God gives talent; work transforms talent into genius."—Anna Pavlova, poet.

"I know the price of success: dedication, hard work and an unremitting devotion to the things you want to see happen."—Frank Lloyd Wright, architect.

"The way to learn to do things is to do things. The way to learn a trade is to work at it. Success teaches how to succeed. Begin with the determination to succeed, and the work is half done already."—Mark Twain, writer and humorist.

"Things may come to those who wait. But only the things left by those who hustle."—President Abraham Lincoln.

Good Hunting!
Coach Mark
Hire Consulting Services

Friday, December 05, 2008

IF THIS WEREN'T SO TRUE - IT MIGHT BE FUNNY!

Here's something to think about:

Ford has spent the last 30 years moving all its factories out of the US, claiming they can't make money paying American wages.

TOYOTA has spent the last thirty years building more than a dozen plants inside the US. The last quarter's results:

TOYOTA makes 4 billion in profits while Ford racked up 9 billion
in losses. Go FIGURE?

Ford folks are still scratching their heads, and collecting bonuses...

SADLY - IF THIS WEREN'T SO TRUE IT MIGHT BE FUNNY!

Good Hunting!
Coach Mark

Tuesday, December 02, 2008

The Weather Started Getting Rough....

Lisa K. wrote:

Help! I am looking for your wisdom and creativity - what are you doing to control costs in this environment of financial volatility without creating panic inside your organization? I've read about the Microsofts and Dells - but what are YOU doing?

Thanks!

Lisa k.

====================================

Dear Lisa,

Don't skirt the truth - it is what it is....

Tell everyone to chip in and start copying paper on both sides!

Every employee needs accountability and must help baton down the hatches due to rough weather ahead!

"Red sky at night - sailors delight! Red sky at morning - sailors heed warning!"

Hang in there!

Mark S. James, CPC
Founder and President
Hire Consulting Services, LLC
Career Management Coaching
Strategic Recruiting Solutions

Tuesday, November 25, 2008

Employment Slowdown Reaches Executive Market

Demand for executive management talent, which remained remarkably strong during the first nine months of 2008, is expected to soften in the months ahead, according to ExecuNet’s latest Recruiter Confidence Index. According to the October survey of 141 executive recruiters, 37 percent were ‘confident’ or ‘very confident’ the executive employment market will improve in the next six months — down from 49 percent in September. "Turmoil in the financial markets has companies taking a closer look at their human capital needs," says Mark Anderson, president of ExecuNet. "While some executive recruiters report that searches are taking more time to fill as companies grow cautious, others are working closely with clients to improve existing management teams by hiring new, proven leaders."

Source www.ExecuNet.com

Keep Hunting!
Coach Mark

Tuesday, November 18, 2008

The 5 P’s to Exude During Your Job Search

1. Positive: Don't let your emotions get the best of you and be willing to learn from others who can help.

2. Proactive: Leadership candidates with the best sense for the transferability of their skills and experience to new industry environments are in the best position to surface new career opportunities.

3. Passionate: Show others you still love what you do, or demonstrate passion for where you'd next like to be.

4. Patient: In order to make a move in this environment, you have to demonstrate flexibility and adopt a long-range view. That's how your performance will be measured — not in the short-term.

5. Persistent: Keep the momentum; follow your strategic plan; and remember how today's environment reinforces the idea of building your network during better economic times.

Good Hunting!
Coach Mark

Tuesday, November 11, 2008

The Hire Report® – Employment Outlook 2009

As the economy continues to take a downturn, more and more American jobs are at risk. In fact, the unemployment rate of 6.5% hit a 14-year high this October with 1.2million jobs lost in 2008 alone. But with all the cutbacks, what's the likelihood that you will face a layoff in the coming months? A new study shows that the majority of people fear the worst. One recent online poll reveals that three out of four people believe their organization is likely to issue layoffs in the next 12 months….and one in three people believe their job is at risk today.

For those who really want to secure their careers, or at least prepare appropriately for what may come, five simple and straightforward conversations can substantially increase confidence and serenity in these uncertain times.

1. Ask tenured co-workers about past practices -- How have layoffs been handled in the past? Is advance notice given? Are cutbacks across the board or targeted? How are the decisions made?
2. Clarify compensation surprises with HR – How is your company performing in 2008? Will the company be paying normal bonuses or annual raises this year?
3. Assess your general risk levels -- How likely is a layoff in your division or department? Middle level management personnel are the first to get axed. Cost center employees are usually next.
4. Assess your specific risk level -- Find out where you stand with your supervisor. What skills, job changes, projects or other actions would make you less dispensable?
5. Have a conversation with yourself -- What should you be doing now to prepare yourself to survive a layoff?
6. Update your resume -- The competition for jobs is fierce – Do you know how to network, interview and negotiate salary? Then consider hiring a career transition coach!

The best way to predict your future is to create it. Those who step up to these six crucial conversations skillfully put themselves in a much better position to create -- and control -- their own destiny.

Coach Mark

Thursday, November 06, 2008

Executive Recruiters Still Seeing Job Growth in Certain Sectors

"Executive-level job growth has remained remarkably resilient in the face of several economic headwinds this year," says ExecuNet President and Chief Economist Mark Anderson. "For the first time since the last recession, the Recruiter Confidence Index has settled below 50 percent - a sign that recruiters are seeing more potential for contraction than expansion in the market. Though we still see pockets of growth in some sectors of the economy, the search industry's outlook is becoming more bearish." Short-term confidence (over the next 3 months) also edged lower, indicating that economic uncertainty should slow executive-level job growth in the months surrounding the election. "The market uncertainties of the last several weeks are clearly taking their toll as companies are taking a more cautious approach to hiring," Anderson adds. "The silver lining in the potentially dark cloud is that executive recruiters are still seeing job growth in certain sectors, including the High Tech, Energy and Biotech industries.

Good Hunting!
Coach Mark

Tuesday, August 12, 2008

So you want to start your own consulting business?

Here are a few tips on starting your own (home-based) consulting company.

Q. What do you think is the greatest misconception about consulting?
A. Being an "Expert" in your field does not insure your success as a small business…

Q. What one “success tip” can you share?
A. Be very good at Networking!

Q. What kind of capital investment is required?
A. Consulting service start-ups are the least expensive (Estimate $10k) i.e. Home Office Automation, Website, Printing Needs; Biz cards, Brochures, Phone Lines, Answering Services, Local Advertising, Direct Mail, etc.

Q. What is a reasonable time frame to achieve positive ROI? To expect salary comparable to your recent full-time job?
A. Realistically 6 to 12 months

Recommended Reading:

“Spin Selling” By Neil Rackham
“How to make it Big as a Consultant” By William Cohen
“High Impact Consulting” By Robert Schaffer
"Power Networking" By Donna Fisher and Sandy Vilas
“Flawless Consulting” By Peter Block
“Good to Great” By Jim Collins

Questions to Ask Yourself
- What net income do you want to make?
- How much revenue or sales is needed to make this much net income?
- How many customers or buyers are needed to accomplish this net income?
- To get customers, how many prospects do you need to talk to?
- What is the customer closing ratio needed to meet your objectives?
- What type of activity are you willing to do to attract new customers?
i.e. Marketing, Advertising, Public Relations, Promotions, Networking, etc.

Mark S. James, CPC
Founder and President
Hire Consulting Services, LLC
Career Management Coaching