Reinvent yourself after redundancy

Reinvent yourself after redundancy FEATURERedundancies are in the news once again.

With a slate of major corporations announcing sizeable cutbacks in staff numbers lately, it is hard escape the fact that many people are losing jobs that they have held, in some cases, for years. But it got me thinking – while a redundancy is traumatic, can it be a catalyst for wholesale change in your life? That, in turn, inspired this week’s Enterprise post:

When you’re retrenched it may seem like the end of the world. And with major companies flagging job cuts thanks to the economy, the prospect of unemployment could be looming. However, this could also be an opportunity to reinvent yourself and become your own boss.

That’s exactly what Kylie Nash did when she was made redundant after 12 years in the corporate world as an accountant used to dealing with multi-million dollar budgets. She was 33 at the time.

“I was retrenched in 2009. My first-born daughter was just five months old and I was to return from maternity leave,” says Nash. “I was in complete shock for about a week; I did not see it coming at all and I had no thoughts of ever starting my own business. After I had time for things to sink in and to assess my circumstances – what I really wanted in life and from business – that is when I decided to start my own business.”

By the beginning of 2010, she had opened, an online baby gift store.

You can read the full Enterprise post here.


About Valerie Khoo

Valerie Khoo is founder and national director of the Australian Writers' Centre, the country's leading centre for writing courses. She is a journalist, blogger and author. Her latest book is "Power Stories: The 8 stories you MUST tell to build an epic business" (Wiley). Valerie is a keynote speaker, small business commentator, and investor and mentor to startups and businesses in Australia.