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If things don't work out with your current position, what is your Plan B?
I am a junior partner at a mid-size firm. My Plan B if things don't work out at my current position is to stay home and do part time work, perhaps teaching at nights. It would be very tough on us financially, so I hope we don't have to go to Plan B. But with three kids, I would prefer to have financial hardship than to go back to work full time. |
| I'm crafty so I would start an Etsy store. I did it already while I was looking for this job so I know what the reality would be and how it make it work. |
| In another 10 years the house will be paid off and the kids in college, so at that point I figure/hope we could just do early retirement, even if it means moving overseas or someplace else with low COL. |
| I always said my ultimate Plan B would be to work at a bank as a mortgage loan rep. Or even a teller. Pretty chill. |
I've thought of doing this also. Is there any money to be made in setting up an Etsy shop? |
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I have a few plan Bs: there are several competitor firms in my industry that I could apply to, a couple other fields I'm qualified for that I could start in (at a lower salary).
I used to temp in the summers, so if I ever loose my job unexpectedly, I would temp again. |
It's like any small business, it depends on cost of inputs, amount of time to make whatever you're making and how much you can charge for the final product. Very dependent on what you're trying to sell. In my case, it works out (I'm the PP) time and money wise. Still have my day job though
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| Mine is to continue to do what I do now but as a freelancer/independent contractor. |
| Do what I do as a consultant. Realistically I'd probably need to get a new job for stability, but short term I would look to do my work as a contractor/consultant. Its actually my dream to do that anyway, I just don't have it in me to take the leap. If I were pushed, however, I'd give it a shot. |