News and Reviews Career - It has been observed that career graph of majority professionals go through phases of Trough and Crest. On an average it is 3 times in 30 yrs of work experience. When you are at high, every thing looks good and funky. It is like driving BMW X6 SUV. But suddenly in the middle of no-where, the tire gets flat, running into a junk worthless iron pin, thus slowing the speed and feel good factor, into a shock. When going is good, we feel proud of our achievements and intelligence including fast track career, eye popping salary, fantastic designation and the branded company. Suddenly, one day, in a crude realization, all just appear like a dream as the dreaded Pink Slip is delivered. Whether India or USA, an individual earning over USD 100K or INR 20 Lacs PA, is into serious Trough-Crest Ride Zone (TCRZ) in his or her career, without any exception. So, what is the solution? Not simple one for sure. No one has the right answer. Not even HR Pundits. However, the TCRZ riders start contemplating seriously to get into entrepreneurship as he or she feels that working for self is more rewarding and re-assuring than to work for a company where stability is always a question mark. Well, on face of it, YES but plunging into entrepreneurship is not that easy considering one will be responsible for ones own salary and at times the new built team. Our understanding and it is a direct learning of our foray into entrepreneurship is that it takes POWER of SIX C’s to be successful i.e.

a. Power of Core Competencies (Right Business line)
b. Power of Core Team (Right Resources)
c. Power of Core Values (Right Ethics)
d. Power of Core Cash-flows (Right Capital)
e. Power of Core Technology (Right Support)
f. Power of Core Control (Right MIS)

Interestingly, Eilene Zimmerman of New York Times as put out a smart analysis (Q & A) on Consultant’s life. Click to read on …

 

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