I just got off the phone with a friend that I hadn’t talked to in a while. We used to work together years ago. She told me a shocking story about something that happened to her. I’m STILL stunned. I thought I’d share it with you, because it taught me a lesson about why it’s so important to start building your own business instead of building someone else’s.
Let’s call my friend “Stacy”. Stacy is a smart, attractive, professional single parent with two young children. One of her biggest challenges is trying to balance the demands of her job with taking care of the kids. Finding time for herself was almost impossible.
She had been working for a financial services company (which I won’t name) for almost 3 years. She was making decent money, but the job just wasn’t fulfilling for her. Beside that, some of her co-workers had started doing some shady things to meet company quotas, and she wasn’t comfortable with that.
So she decided to look for a another job where she could make a little bit more money, have a bit more flexibility with her schedule, and hopefully, do something more meaningful.
She submitted resume after resume, and finally, after months of competing with thousands of other candidates for the same positions, she got a call to interview for a job with another very large financial services company (which again, we won’t name).
The interview was a slam dunk. She really liked the company, the people she met seemed very nice, and they seemed to be really impressed with her. She left the interview feeling confident that she would get the job.
Stacy was so excited when, about a week later, she got a call from the lady who interviewed her telling her that she had gotten the job. They were giving her the position she wanted at the salary she asked for. Her start date was set for January 4th, about a month-and-a half away, which she thought was great because she could get through the holiday season and start the year off at a new job.
For Stacy, life finally seemed to be moving in the right direction. She would have the job she wanted, so now all the other areas of her life would fall into place. Everything seemed to be going her way. Little did she know that things were about to change quickly.
A few weeks later, Stacy realized that she had not yet received a written offer letter, so she started feeling a little antsy. She called the interviewer back and asked when she would receive her formal offer in writing.
The interviewer assured her that she was definitely hired for the position, and told her not to worry. They company was simply making some final arrangements, but she would be receiving her offer letter soon. The interviewer seemed upbeat and sincere, so Stacy didn’t have any reason to doubt her. So she got off the phone feeling relieved, and started getting excited again.
About a month before the start date at the new job. Stacy had some issues with the supervisor at the job she was still at which made her feel like she was being treated unfairly and disrespectfully. Since she already had an offer for the new job, she decided that it was better to move on than to subject herself to further irritation. So she submitted her resignation letter, and gave them a full 3-week’s notice.
Her employer let her work for about a week, then told her that she didn’t have to come back. They would still pay her for the remaining time, though.
Stacy thought, “Well, this is cool. I’ll have a couple of weeks to relax and get myself prepared for the new job. That kinda works out.”
During that next two weeks, she got to sleep in, spend time with her children, get her house organized, and get herself mentally prepared for the next chapter in her life.
Then things took an unexpected twist…
She received a letter from the company she was to be starting with the following week stating that she was no longer being considered for the position.
Frantic because she had already quit her job, she called the interviewer back, left her numerous voice messages, emails and texts.
The interviewer still hasn’t called her back. She has no job, and hasn’t had a paycheck now since the end of last December.
Here’s the moral of the story: Companies do not care about you. You will never have financial security as long as you give up control, place your financial future in the hands of an employer, and use all your time, energy, resources and knowledge to build someone else’s business instead of your own.
While you have a job, or while you’re waiting for one, develop the skills of an entrepreneur, which are very easy to learn. Don’t put all your eggs in one basket; have a second (and maybe third) income source that will pay you without you having to work it like a job.
Remember, nobody cares about you, your family, and your financial future like you do.