Do you have an exit strategy?

By Teboho Polanka

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Photo by rawpixel on Unsplash
Photo by rawpixel on Unsplash

Most repeatedly, people search for jobs and some end up employed. They then become excited about their employment. That’s good. But what if I were to say as part of job search we need to have an exit strategy?

What if I were to say, it’s not ideal to be employed for a lifetime? What if I were to say, you need to see employment as the shortest possible way of securing the capital you always needed.

Previously, I made mention of the fact that entrepreneurship should be seen as a retirement strategy or plan. The idea behind this type of thinking is that, we need to worry about the future. We can’t afford to just be comfortable with employment, while we dismiss the fact that we ourselves struggled to get there.

Should our children face the same struggle as us? Would it be better if they owned the business venture we started while employed?

Having seen life the way we have, should, in a sense, instill a desire for change in us. Simply put, while employed plan your exit strategy. What do I mean by that?

An exit strategy is a plan on what other economic pursuits you would be left with should anything happen in your employment.

Like I did mention previously, sometimes things like unfair dismissal, recessions in the economy as well as downsizing by the organization and/or companies result in people losing jobs. So what happens if you’re laid off?

I’ve seen people going on strikes, or worse suing companies that laid them off. You know what’s curious about that? The same people who sue these guys don’t have lots of money. So instead of using the little they have, they sue these companies and oft-repeated times lose such cases.

I always wonder whether or not they regret that, especially having lost. I believe they do all that because they didn’t have an exit strategy. So what’s the point; things happen that influence our economic environment, so it would be wise to prepare for anything. You don’t have to be ridiculed as one who was at one point well-off but suddenly all miserable.

It’s okay to enjoy while employed but don’t fall into ‘a fool and his money’ trap. As somebody once said to me, ” enjoy but let it be to a limit.” After all, no one has ever obtained a NOBLE PRIZE for having had too much fun. Be economically wise or else you’ll be at the mercy of employers and your children will have no choice but to pay for all that.

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