garryleigh

Posts Tagged ‘entrepreneur’

Newly In The Hunt?

In Cousumer experience, Media, Radio on December 23, 2008 at 8:31 pm

It amazes all of us as we watch business people take over and reformulate art.  How many songs have been written by a senior accountant?  How many number one broadcasts have been hosted by major shareholders?  Did they buy into an accounting firm or a living breathing changing evolving creator of in-the-moment entertainment?  Yea.  It will come full circle as the artists are allowed to connect with the customers in so many new ways either with or without radio.  For those looking for a new outlet at the moment, don’t confine your search to what has been, but rather what will be.  Good luck and don’t let any of this change your artist’s perspective.  It is who you are!

This post may help too….   Gar

Commentary
Dear Bev: What Should I Expect If I’m Unexpectedly Laid Off?
by Beverly Weinstein, 2 hours ago

This holiday season has brought an unwelcome surprise to unprecedented numbers of people in the media business – pink slips.

If you’re among the unlucky, you’re probably going through some predictable emotions. Noted psychiatrist Elisabeth Kubler Ross’s five stages of grief pretty much sum up the emotional roller coaster many of you may be riding right now.

Denial, anger, bargaining, depression and acceptance. You may not experience them all and you may not experience them in rank order, but Ross says you can expect to experience at least two.

In my 12 years as a recruiter, I’ve talked to countless media executives that have lost jobs. I’d say denial and anger are the more common one-two punch with an overlay of depression.

Denial. Even with unemployment rates at an all time high and lay-offs occurring in every industry, we all can’t shake the “it won’t happen to me” delusion, until, of course, it happens. You’re crushed, left high and dry by the company you’ve been loyal to for years. Or maybe you were just unlucky enough to be part of the “last in/first out layoffs and it’s way too late to regret leaving that other job for a mere 15% to 20% salary boost. But the tears dry quickly as you move into phase two: Anger.

Now that you’ve had time to reflect on all you’ve done for the company, all the blood, sweat, tears, overtime, and lost weekends that went into producing the best work possible, you’re downright mad. And here’s where it can get tricky. Whether the anger is justified or not it is often rashly directed at the person who gave you the bad news.

Placing blame is easy in this state but burning bridges is something you will quickly regret once you’ve entered the acceptance stage. Avoid the temptation of trashing your boss or your company to anyone that will listen. If you have to complain, even if you’re justified, try to keep it to your loved ones and trusted friends that don’t work in media. And, this should go without saying but no angry e-mails, IM’s, Facebook postings or Twitters. In other words – no digital trail.

Once the anger has subsided, even if it hasn’t gone away completely, depression sets in. Feelings of hopelessness are normal, especially with daily announcements on the economy’s downward spiral flooding the news. But as with any break-up, you’ll find love again. So shove this phase aside and prepare yourself to move on. Who needed that job anyway?

Finally, the acceptance phase. You’ve come to terms with the harsh reality and now it’s time to reorganize and plan your next steps. Pull out your Rolodex and start planning your triumphant return, because they haven’t seen the last of you yet.

Editor’s note: If you’ve lost a job in the media industry recently, or are afraid of doing so, despair not. Beverly Weinstein’s column will reappear here regularly dispensing sound advice and practical tactics for managing your career in a volatile employment market. If you have specific questions about what you should do, please post them below, and Bev will help you out. Or if you feel uncomfortable posting your queries publicly, feel free to email Bev anonymously at bev@markhammedia.com

October Have You Scared Yet?

In Media, Radio on October 20, 2008 at 5:59 pm

A few days ago Jeanie and I had the pleasure of visiting Oklahoma City for a sporting event, and were invited to accompany a friend and his wife to dinner at Mickey Mantle’s.  Our friends are about to open a brand new restaurant in Dallas with two well known professional athletes, and I couldn’t help but wonder why on earth anyone would do that at this point in time!  I suppose with the partners on this project one wouldn’t have to worry about getting your hands on the necessary working capital to get the job done, but with the general economic landscape appearing so bleak for many months to come, why on Earth would you jump into that equation?
In our friend’s case, it’s because that is who he is.  Because loans are hard to come by doesn’t make a true entrepreneur slow down, but rather forces them to move in other less traditional paths to attain working capital.  In fact, it may be the perfect time to get spectacular lease terms on property which might not otherwise even be available!  People wired this way don’t see issues but solutions.  I must confess that my spirit was somewhat renewed by that perspective and the dinner was worth exponentially more to us long term than the monetary investment (and it was an investment).  Oh, and the other friend who joined us that evening is also starting a new business in the energy arena, and he shared much the same  attitude toward our present economic mess… that of rare opportunity.
I bring up this story to remind us that the reason we got into entertainment in the first place was not only an artistic spirit, but an inability to follow traditional paths and abide by the rules which invariably accompany those on the customary routes.  We are idea people with an entrepreneurial sprit which really can’t be contained by prevailing conditions but only by our own decision to stop looking for ways to reach our goals.
Don’t let these tough times slow you down.  Use our current economic  downturn as an opportunity to reconsider each element in your business plan to assure yourself and your employees that your vision is clear and the time is still now.  We’ve got magic to create and our audience needs to experience it now more than ever.  Someone at that table may well be looking to your vigor to keep their business spirit sustained.  Oh, and I highly suggest the striped bass on lobster risotto as a great way to get the creative juices flowing at Mickey’s!  We’ll let you know how the place in Dallas turns out when it opens in December.  I’m confident it will be fabulous!
Garry Leigh

Snafu Consulting