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Black women made the career switch from corporate America to entrepreneurship during Covid-19. While it appears entrepreneurship was deemed a necessity, Black women were the largest group of new business owners closely followed by Latina women. These businesses have high growth potential but why is access to finding still a barrier?
Share your thoughts on why.
https://amp.theguardian.com/business/2022/feb/12/black-women-say-goodbye-to-the-job-and-hello-to-their-own-businesses
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Changing jobs frequently isn’t an issue if you have good reasoning behind the moves and are a desirable candidate.
Good reason yes, not the one I give hiring managers :)
I did this in my first four years after college - 3 companies in just under 4 years. Increased my salary from $45k to $110k from the jumps. Was not difficult at the more junior level but becomes more difficult the further you get in your career.
Coach
Yep doing this now. On to my third company in 2 years lol. I have gone from 62-122k by hopping around.
Must have mad skills... network, trade craft, interpersonal. Then you layer on top the fact that people generally move much more frequently these days.
Just gotta talk yourself up. From there it’s a numbers game. I know a guy who’s 26, changed jobs every 6months to 1.5 years, and is now a VP making 180k base working <40 hours a week.
Don’t tell me he works in financial services though
Its all about having marketable and hot skills!
Home grown ppt monkeys stay put and don’t ever think about changing the tree!
Don’t forget acting like they’re better than everyone else and thinking they’re very cool in little cliques of nerdy looking people
Lol it’s not an issue if you’re good at your job
Many reasons can explain this (family, growth, change of careers / industry, change in leadership, even being laid off). Also after 10 years of work experience, I think the time spent in roles start to matter less. It is more important to acquire skills that can help you down the line
Just my thoughts:
Leadership (directing / executing strategy, leading people doing that strategy)
Expertise in industry / topic within industry / or skill set (need to be good at something, the less nebulous there better)
P&L experience (being accountable for business / department performance)
Ideally being part of growth success (always good to be part of a good story; has a lot to do with luck)
Career growth that’s fine
Go to grow and always be interviewing.
Easy to do this when you are young but it begins to seriously curtail your prospects as you get into your 30s and kills you in your 40s. A friend of mine has done this for most of his career. We started out together 16 years ago at Grant Thornton. We are both turning 40 this year. He's zigzagged so many times he's only a first year manager and his resume is 30 pages long just to describe the last 5 years.
I know someone in D who joined D as SPM last year. He is 45 and making over 190k as base pay. He has a net worth of over 3M+. He “zigzagged” all his life and he is way more marketable than ppt monkeys. He works on his own terms and has enjoyed the ride. He may not have done better than partners but again how many become partners and how many are willing to pay the personal, stress and family costs associated with becoming the partner.
It’ll catch up to them if they keep up with it. 3 jobs in 4 years (acceptable). 7 jobs in 10 years, not so much.
Coach
I don’t know the right answer but if I were responsible for hiring I would be quite nervous that this person would join my team and quit in 1-2 years
I think that what you’re saying is entirely justified and true. At the same time, it just comes down to there being pros and cons. It’s a red flag, but not a complete disqualifier it seems to me.
Soft skills.