First, an most importantly, Happy 4th of July!. I hope you have time set aside with family and friends. Enjoy and stay safe.
At it's core, the 4th of July is about freedom and self-determination. It is about the willingness to bet on ourselves. Over a decade ago I published a blog summarizing a talk by Tom Shay. Today, his message is even more relevant so I am republishing this poignant essay.
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Last week I had the distinct honor to hear Tom Shay, CEO of Right Management, Florida/Caribbean speak on the topic of job transition and career management. What an interesting discussion. Mr. Shay has held this position for 31 years and during his tenure Mr. Shay has seen exceptional change in the employer/employee relationship.
Mr. Shay began by sharing a very simple statistic. During his father’s generation (presumably 40 years ago), the average tenure for a manager or higher, was 27 years. Losing a job was considered taboo. As a matter of fact, it was hard to lose a job. You really had to do something wrong. Today the average tenure for that same employee is 3.7 years (update - 3.1 years in 2022). Doing a good job does not mean you will keep your job. Job transition is commonplace and expected. Does that surprise you? From 27 years to an average of 3.7 (3.1)years. Wow.
Mr Shay went on to state that what used to be ‘one job for life’ has disappeared. Today it is one boss for life – yourself. You need to look at yourself as a company and intelligently apply your personal brand to the marketplace. Mr. Shay’s point is that we are all ‘free agents’ or ‘businesses’. Companies may contract with you if they think you can solve their problem. Once the problem is fixed, you will need to find another application for your skills.
Finally, Mr. Shay spoke about the important of investing in yourself. Going to conferences, staying current and learning new things is what allows us to remain relevant. Don’t expect someone else to pay for you to improve yourself. We are all ‘free agents’ or ‘businesses’ and as such, we need to focus on doing those things that allow us to best achieve our personal goals
As you know, I spend most of my time discussing business ownership, but Mr. Shay’s points are well stated. The world is a different place. Business ownership may or may not be the right path for you but regardless, you need to think of yourself as a business.
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This message from Tom Shay goes to the heart of what freedom and self-determination is all about. A great message for each and everyone one of us on this 4th of July holiday.
There comes a point in life where there is no tomorrow, only yesterdays. A time where we remember the past knowing there is no future. Sadly, that is where we are with my friend, Bill.
I met Bill Shearon around 15 years ago during my work with the City of Bradenton Beach. I was the Chair of Planning and Zoning and Bill was to become the Mayor. I knew Bill was different from the beginning. Not only was Bill obviously not a politician, he was also blind.
Bill was born in a Chicago suburb 73 years ago. The son of a strong father, Bill learned the value of hard work early in life. Pocket money was never given, it was earned. His father believed strongly in the importance of getting an education. Unfortunately, Bill did not like school and was not a good student. It took Bill one year at the University of Tampa to flunk out.
Moving back to Illinois, Bill began to work on the family farm and at the grain elevator in which his father was a part owner. He worked hard shoveling corn and moving grain. Eventually, Bill realized that he really liked the grain business. He began to study accounting in the evening. He learned about the commodity exchange and began to actively trade commodities, both for the elevator and speculatively. After buying his father out, he grew the grain business eventually selling at a profit.
Next Bill got into the oil business. He began as a ‘jobber’ driving trucks and delivering oil. Over time he grew to become the 8th largest distributor for lubricants in the USA. His company had over 150 employees and controlled a significant portion of the lubricant distribution business in the Midwest.
Nearing his 50th birthday and in the process of losing his sight, Bill sold his business and ‘retired’. After living on his yacht for 6 years, Bill and his life partner, Tjet, settled in Bradenton Beach where we met and eventually became friends.
Why to I tell you all this? Because, we can all learn from those who have walked before us. During my visit with Bill I asked him what he has learned. What type of advice would he wish to pass forward to those who hope to build a successful life? What would he do the same or differently?
At the end of the interview I asked Bill one last question – ‘Regrets. What are your regrets?’ Bill thought for a while and said, “Well, I always wanted to own a helicopter, but I never did. Other than that, my bucket list is complete, and I am ready for what is next.” How wonderful! Isn’t that what we all want to be able to say at the end of the road?
