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BUILDING UNCOMMON PROTECTION INTO YOUR ROLE IN CORPORATE AMERICA
CHAPTER 29
BUILDING UNCOMMON
PROTECTION INTO
YOUR ROLE IN
CORPORATE AMERICA
BY STEPHEN VAN VREEDE
THE RISE OF THE CORPORATE âENTREPRENEURâ
Letâs face it. The world of âworkâ is more uncertain than ever. It
penalizes you for things you often canât control ... for being too âold,â
too experienced, too qualified, too âeducated,â too âexpensive.â It
might not reward you for this certification or that title. On top of that,
corporate hiring processes are a sophisticated mess (to put it mildly),
internal cultural and multigenerational conflict is commonplace, and
many companies are struggling with how to retain their top talent.
As a result, professionals now make an external career move every 3 to
4 years. That means the average 30-year-old with 35 years (or more!)
left in the marketplace can expect 10 or more company changes before
he or she retires. Even if this professional were to beat the odds with an
internal promotion or two, by say double, he or she could still be out in
the market every 6 to 8 years.
If all that corporate âgooâ isnât bad enough, then thereâs the job market
âzooâ to contend with.
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Itâs difficult to get solid stats, as they vary by market/industry, but the
general trend is that you can expect to spend one month job searching
for every $10â$20K you make in salary. So if you make $100K/year,
you could see your job search take anywhere from 5 to 10 months. And
that is when youâre conducting a fairly aggressive search (20+ hours/
week)! If youâre more of a âpassiveâ seeker (employed and putting less
than 5 hours/week into your search), then the road could be much longer.
BUT THE GOOD NEWS IS THAT
ITâS NOT ALL BAD NEWS!
Each day I work with professionals across the globe dedicated to
building in career protection, and they are achieving tremendous results.
Just like the rest of us, they face many of the same limitations: age,
gender, level of experience, geographic restrictions, lack of credentials,
market instability, and so on. The difference is in how they approach
these limitations and build in their protection from the storm.
IS THERE REALLY SUCH A THING
AS CAREER âPROTECTIONâ?
People tell me that âjob securityâ is a myth today or that if you work for
someone else, such as a corporation, you canât really control your fate.
And I understand what they mean.
IT SEEMS LIKE SOMEONE ELSE
IS HOLDING ALL THE CARDS
What they donât realize is that this is what an entrepreneur faces
everyday, all day, for his or her entire career. The entrepreneur may well
be âthe boss,â but this boss is all alone facing an unwelcoming market
that doesnât care whether this entrepreneur makes it or breaks it, sinks
or swims.
Therefore, he or she must figure out how to get strategically positioned
in the marketplace to protect against the economic downturns (or even
upturns), perception/cultural shifts, internal power struggles, and any
other winds of change that, without a doubt, will blow.
The entrepreneur is rarely able to stop these winds; in fact, quite the
opposite is true. He or she must face them head on over and over again.
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THE RISE OF THE CORPORATE ENTREPRENEUR
As I said, there is good news. If you plan to remain in the corporate
world, you really can build in some protections. But first you have to do
something thatâs hard: Change your thinking.
DONâT BE FOOLED.
Corporate culture sometimes lulls us into thinking we are âsafeâ when
we arenât or that this advanced degree or that certification will keep
us âmarketable.â Iâve worked with many executives, MBAs, and other
educated professionals whoâve had the rug pulled out from under them
only to face a market that isnât so welcoming.
They came to a point where they had little choice but to do something
different. It was time to shift gears.
YOUâRE GOING TO NEED MORE OF
AN âENTREPRENEURIAL MINDSETâ
THAN PERHAPS YOUâRE USED TO
The first step in becoming a âcorporate entrepreneurâ begins by
accepting the market for what it is, not for what it ought to be.
Accepting âwhat isâ is an important shift in your thinking!
Once you do that, leaving behind how it was when you first started out
or how it should be, then (and only then) can you begin to do what every
good entrepreneur must do:
BUILD A CLEAR STRATEGY
Here is what differentiates most professionals (entrepreneurs and
corporate workers alike). Without a clear strategy (free from the âhow it
should beâ or âhow it used to beâ mindset), youâre like a row boat tossed
about out in the open sea or a leaf floating in a strong wind. You have an
idea of where youâd like to go, maybe even some plans for how to get
there, but you keep getting sidetracked by the waves and storms.
STRATEGY GIVES YOU BACK SOME CONTROL
Empowerment is a wonderful thing when focused productively, and that
is what good strategy offers. It provides confidence (not overconfidence),
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because youâre looking at the market for what it is and adjusting with it
as it shifts. It reduces emotional drama (overreacting to trends or getting
sucked into corporate âspeakâ) and frees you to focus on providing
better service to the companies you serve.
SO HOW DO YOU BEGIN TO BUILD THAT STRATEGY?
I believe the best strategies are built from action, not from âover-
analysis.â In other words, you have to get out there and start doing some
research and you have to build some pipelines to keep you alert.
Too many people rush to build strategies based off of just what they
think they know.
So to help you get into this action mode, Iâve put together a 5-step
overview for getting started:
1. Create Pipelines of Opportunity.
Entrepreneurs understand the importance of pipelines, and
therefore corporate entrepreneurs should too. Pipelines bring
ongoing opportunities and valuable information even when we are
not âin the market.â They show us our position in the marketplace
and the trends that really matter. Without them, our world becomes
small, which means our understanding of the market around us is
narrow. So we need pipelines to broaden our scope and give us a
more accurate picture of our industry and our place in it.
There are many ways to create âpipelines.â The best come in
the form of strategic introductions (aka ânetworkingâ), which
we will discuss shortly. Another can be joining or building a
âcareer managementâ group that is dedicated to passing along
opportunities/information to fellow members. Recruiters (yes,
that frustrating bunch) can also be a strong pipeline, but you
must (1) be properly matched with them and (2) begin to form
relationships while youâre still employed.
2. Learn How to Watch Market Indicators.
When it comes to career management, people often talk about
âsoul searchingâ and personality âassessments,â which have a
place (we all want to love what we do and be well suited for it),
but the corporate entrepreneur also recognizes the law of supply and
demand because despite the human element playing out each day
in the corporate world, ultimately what drives the market is supply
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and demand. Like it or not, you are part of the bigger marketplace,
and it is affecting you, maybe even more than you realize.
It might not be sexy, I know, but watching market indicators in
our respective industries can show us whatâs coming so we can
prepare for it. (Iâve witnessed many professionals, well-educated
and well-paid, get hit by this issue because they didnât see it â or
refused to see it â coming.)
3. Build a Personal Brand.
Thinking your work history will speak for itself trips up corporate
professionals often more than any other issue. The reason is
because the corporate structure pretends to be paying attention
to what you do. From yearly reviews to promotions to awards
to mentorships to special rewards like trips and stock options,
companies act like theyâre watching AND remembering your
achievements. And sometimes maybe they do.
More than likely, though, when you want to cash in on all that
watching and remembering, you might be surprised to learn that
people, by nature, are forgetful.
Entrepreneurs learn this every day. To make sure clients and
prospects remember and value the services provided (and refer
others!),theymustdevelopabrandandknowhowtocommunicate
it effectively.
Itâs really no different inside the corporate compound as
management often doesnât perceive us the way we do. And
although they gave us kudos for that stellar accomplishment,
when itâs time for a raise or promotion, we find out just how
much they remember.
Yet, as a corporate entrepreneur, youâll be anticipating that.
Youâll recognize the way things are (not the way they should
be), and youâll help guide your âcustomersâ (co-workers,
management, users, etc.) down memory lane because youâll have
the documentation, portfolio, statistics (aka âpersonal brandâ)
ready to prove (or re-prove) your relevancy.
4. Donât Get Trapped in the Networking Loop.
Itâs simpler to build connections today thanks to social media and
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its role as a networking tool. Of course, traditional networking
groups still exist, and almost every profession on the planet
has an association or two you can join. The reason is because
professionals have been told, and rightly so, that networking is
the most beneficial way to find a job.
The problem, though, is that these professionals either struggle
to make connections (online or off) or make plenty of them but
struggle with what to do with them once they have them, turning
tools like LinkedIn (where we âstashâ all these contacts) into
nothing but a Rolodex.
And like a Rolodex that turns in a continuous loop, thatâs where
most professionals are trapped when it comes to networking. It
just keeps turning as new names are added in, but nothing more
happens.
A corporate entrepreneur has the ability to build strategic
connections that turn into opportunities.All thanks to the pipelines
that build momentum, the market indicators that drive direction,
and the personal brand that asserts value.As a result, the corporate
entrepreneur can better identify and attract the connections that
make the most strategic sense.
From there, he or she can move into what is the most underused
tool by todayâs professionals but arguably the most effective way
of creating opportunity and avoiding the job market zoo: the
informational interview.
5. Ace the Informational Interview.
Many professionals think informational interviews are only for
young people looking to research a field or for those changing
industries. What they donât realize is that often top executives
only land their next positions through informational interviews
because they put you in control of creating opportunity.
In a traditional, formal interview, the interviewer asks the
questions and seemingly holds the power. In an informational
interview, you ask the questions and do the âvetting.â Your goal
is to have the contact lead you to someone else or some type of
potential opportunity, and you achieve that by putting the other
person in an important place: the role of helper.
Believe it or not, most professionals generally enjoy being a
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ARE YOU READY TO JOIN THE RANKS?
The days of âputting your head down, working hard, and not burning
bridges = climbing the corporate ladderâ might be fading. But it doesnât
have to be negative. In fact, the corporate entrepreneur finds positivity
where others see none! I witness these professionals leverage the power
of the entrepreneurial mindset to rise above the chaos and protect the
careers theyâve worked hard to build (and the livelihoods that their
families depend on).
You can succeed in todayâs environment if you know where to begin.
You donât have to become overly ambitious or lose yourself in your
career. But the best defense is a good offense.
Corporate Entrepreneurs understand what it takes to be âUNCOMMONâ
in Todayâs world of work.
WILL YOU BE ONE OF THEM?