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How to face your company’s mortality?

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Companies don’t usually die a sudden death liken to a heart attack, but rather a company is most likely to be killed by an “illness” over time. The illness of the likes of competitive issues, financial weakness, or even corruption.

*p.s. a company death could be due to bankruptcy, merger, restructuring, or shutdown. In my experience, the death of the company was due to that fact that the owners are more interested with fancy cars rather than running the business. Hence, I saw the train-wreck coming, and jump ship soon after.

Like most death, it is often painful and traumatic to those involved, and in my case, I used to ponder if I could save the company if I had not jump ship. Organizational failure, like death, is among many subject that most of us, would prefer to avoid and deny, which makes it all the more shocking when it happens.

In any case, we need to think about our own future. Ask yourself the following question.

  • What are my transferable skills?
  • What are my unique selling point and valuable experience?
  • How far am I willing to go to better myself at what I do?
  • Do I want to invest on myself to learn new thing? To start all over again from ground zero?
  • What are the trade-off that I’m willing to make?
  • Are there skills that you need to develop to become more portable?
  • Are there experiences that will position you for an important role in a successor company?
  • Do you have a clear sense of your own personal goal?
  • Would you want to reinvent yourself?

All these questioning can be soul searching of some sort. As Jim Rohn said,

Learn to work harder on yourself than you do on your job. If you work hard on your job you’ll make a living, if you work hard on yourself you can make a fortune.”

After all, despite your company mortality, you life will have to go on, and so does your career. So, keep moving forward, even if you’ll fall, fall forward. Every inch counts.

So, be ready, be prepared. One of my previous organization folded just a few months after I left, although I’ve seen it coming, but it still shocking to me nonetheless.

And, in the hindsight, it does not really affected me in anyway.

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