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Do you have a "fallback" plan?

  • Thread starter Thread starter Soilwork
  • Start date Start date
S

Soilwork

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Someone recently asked me what I would do if the studio I work for shut down or something.

While I'm not anticipating that, anything can happen at moment's notice. We never really know what's going to happen next year and especially in smaller businesses, the owner can decide to sell it, retire and just shut it down...

I personally always have about 20 things going on at once. I told talk about it much here, but I also do a good deal of work in mainstream video and film production. I use a different name, usually, although I've done a couple things using Jasun Mark. I worked on a comedy movie called Birthday Cake and a scifi/zombie series called Project: Phoenix.

I've done a lot of silly gigs like colour correcting potato chip commercials, I did a series of workout videos, I've done a few music videos, I've done all sorts of odd post-production gigs. So if Titan were to close next week, I'd just take more gigs like that and not much would change other than I'd travel less and probably be a lot more bored.

How about you? If you were to lose your job for any reason next week? Do you have a backup/fallback plan?
 
Me and my BF have a joke that if we had to..I could paint and he could pull off the tortured artist and sell it for us....

Otherwise...we have owned our own shop for 25 years and I don't see that changing. We rent space to other vendors but we had a waiting list of 277 people and threw it away..now it is up to 43 people again...no one ever leaves...so my point is if the store closed I could open another location pretty easily....

I am also starting to promote shows...and it is ALOT of work....not sure if I want to pursue it any further but if I had to...I could do a decent job. Also..I could liquidate estates full time if I closed my shop...again..it takes a lot of time. I do maybe 2-3 a year now..

I like being self employed...
 
On February 4th, a team from corporate arrived to notify my site that they were closing us down. The sales backlog has been dropping the last several years. 146 of us will be out of a job by the end of September when the doors close. There are three Reductions in Force: one in March, another in June, and the final.

I'm probably guaranteed work through September, and may lose severance if I bolt before then, but that hasn't stopped me from looking. A former boss here now works near Portland and I interviewed today via phone with a manager there.

It's sooner than I like to be relocating, but Albuquerque has dried up for my line of work apart from Sandia National Labs and I don't wanna work there.

I'll be forced to rent out my house, as the market is just too slow here and I cannot afford two mortgages.

I'm not even upset. Life happens. I hope to either land this job in Portland or go to Colorado. I'm ready for green again, and WATER.
 
My primary source of income for many years was in tool and die work as a tool maker/machinist. Of course that work has seen it's ups and downs, more downs unfortunately.
My backup was anything that works, I was quite good at finding jobs in other lines of work and talking my way in, I sold real estate, managed restaurants, sold rare coins.
I was as good in a suit as I was in blue jeans.
Primarily it was get off of your ass and do something.
 
(I should also point out that my husband is an architect who works on high-end residential projects and could support us both. If he were to leave his job, I could also support us both. So it's not like I'd be fucked if I couldn't find enough work. Being married for decades means we're a team and have each other's backs)
 
This reminds me of a very similar question posed by my sister.

Up until very recently, my sister for many years was convinced that my gayness was just a "phase". When I bought my current house, my sister was opposed to it. She kept asking me questions like what if I lose my job tomorrow or what if I couldn't afford the monthly? It wasn't long before I figured out that she didn't like the fact that my boyfriend was moving in.

Anyway, my short term backup plan is to diversify my skills as well as build up my specialties. Lately, I've been specializing in drainage and structural rehabs. So, even if tomorrow I lose my job I'll be able to find another one. I'm pretty competitive.

My long term plan is to diversify between myself and my boyfriend. He's studying communications and finance. I'm in engineering. Once he gets his career going, we'll be a lot safer.

soil said:
(I should also point out that my husband is an architect who works on high-end residential projects and could support us both. If he were to leave his job, I could also support us both. So it's not like I'd be fucked if I couldn't find enough work. Being married for decades means we're a team and have each other's backs)
That's actually part of our long term plan. The goal is either one of us could support both of us. I'm an engineer so I can easily support both of us. He will try to get into marketing or HR, which will also easily support both of us.
 
Back when I worked I never really had a fallback plan. I didn't really seem to need it. People would hear of me somehow and offer me jobs. I was more about maxing out my 401K, medical and my two savings accounts.
 
When I was young it was just go find another job. When I was in my late 50's and had worked for an employer for 25 years and they laid me off during bad times it looked like I was doomed, however, I did eventually find another job at a slightly low wage. I am retired and on social security now.
 
How about you? If you were to lose your job for any reason next week? Do you have a backup/fallback plan?

I have struggled mightily for the past seven years to develop a fallback plan, but everything has failed spectacularly.

I always believed that education and hard work would protect one from poverty and disaster.

I was wrong.
 
If I were unable to find another teaching job, I'd probably go back to bartending or waiting tables.
 
No,
but i will survive and won't starve in a big continent with few people ;)
 
I have no back up plan, as there is always a demand for my occupation.

At the moment with G at university most of the bills fall to me. This bothers me not in the slightest, it is part and parcel of any loving partnership.

Our finances will improve in a few years, even though we are nowhere near the bread line.
 
As our government tries to cover tax breaks for billionaires and bail out the banks after they rip us all off, we also have to think about retirement and how we deal with that.
 
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