How to Get Your Confidence Back After Losing a Job

How to get your confidence back after losing a job

“I personally dealt with this challenge five years ago.”

So many articles have been written lately on the serious topic of how to get your confidence back after a job loss.  Those of you who have read my e-book, Pink Slip Paradise, know I personally dealt with this challenge five years ago.  Most articles express the similar thoughts.  They deal with the internal negative emotions of avoiding depression and isolation, taking care of yourself physically, staying focused and resetting goals.  All of these sentiments are internally focused to keep you from jumping off the cliff.

The dominant theme in these articles seems not to be a loss of income but a focus on the stress of losing your identity, the loss of a routine and a feeling of losing purposeful activity and a social network.  Now if your glass is half empty, it’s probably easy to fall into the abyss of “Woe is me, I’m in such a bad situation,” blah, blah and blah.

Let’s look at the true situation you are in.  By no fault of your own, other than being experienced, knowledgeable and pretty successful in your field (i.e. too old and too expensive), you find yourself job free.  You should probably celebrate the loss of your mundane routine; no more rush hour traffic!  Heck, you probably didn’t even like most of the people you worked with, and climbing the corporate ladder had become such a drag.  Now should be the time of your life!  A time when you are still young, healthy and energized enough to take on the world.

Why not take this opportunity make the changes in your life you’ve always wanted?

I only found a couple of articles that even mentioned what I think is the absolute most important thing you can do to learn how to get your confidence back after a job loss; focus on the opportunities ahead of you!

A recent Wall Street Journal article, Laid Off? Rethink Goals, describes how being laid off can be a blessing in disguise.  Being laid off gives you the chance to switch to a job that’s more personally and professionally fulfilling.

In a work.chrom.com article by Scott Thompson, How to Regain Confidence After a Job Loss, he talks about taking time to do something you love and expanding your horizons.  Most of us have dreamed of one day learning to paint, play the guitar or maybe even spending some time with your wife learning the art of ballroom dancing. Whatever your dream and desire, you are now free to do it.

Over 70% of Americans say they want to become business owners.  Only 1 in 10 ever does.  You’ve been given a second chance in life at a time when you can take advantage of it.  Don’t waste this one.

It’s certainly easier to dwell on the loss, but that is wasted emotion and is not healthy.  Take the time to turn that lemon you’ve been handed into sweet lemonade and make the most of the opportunity you’ve been given.

So, what actions do you take to get your confidence back?

Now, if the lemonade still  leaves your glass half empty, review my compilation of all the great advice I found on the subject of how to get confidence back.

  • Deal With Your Emotions
    • Don’t let your job status define you.
    • Know Your Accomplishments and What You’ve Learned
    • Allow time to heal.
  • Stay future-focused.
    • Don’t Drift
  • Prioritize self-care.
    • Exercise is a great way to burn off stress
    • Stay away from sugar and carbs
    • Alcohol in moderation
    • Use positive affirmation.
  • Maintain/Develop a routine.
    • Treat finding a job as a job.  Not having control of your job search can have a negative effect on your self-esteem.
  • Avoid Isolation – reconnect with family and friends
    • Tap your network.
    • Surround yourself with positive people
    • Find a supportive network.  Get involved with an out placement firm
    • Meet other job seekers.
    • Help others.
  • Rethink Goals (lower your goals?)

Women’s Resale Clothing Franchise Opportunity

Clothes Mentor

Why a Women’s Resale Clothing Franchise?

As a professional franchise consultant, I like to keep my finger on the pulse of current marketing trends. Whenever I can, I attempt to get feedback from real people about their buying habits that might give me some insight into current trends of the franchising industry. I was looking for some feedback about a franchise I was curious about, a women’s resale clothing franchise.

Every Tuesday morning I start my work day as many small business people do, by attending a business networking meeting at a local restaurant. This particular group is predominantly professional women in many fields. Recently, I asked the group to give me feedback on whether or not they would shop at a resale clothing franchise. OVERWHELMINGLY the response was “YES”, they do or would shop at resale clothing stores.

These are professional women in the Washington DC suburban market, a very economically stressful, “keep up with the Jones’s” environment.

Yet, the answer was overwhelmingly “yes”.

As we all know, this market is flooded with high fashion women’s clothes retailers. Quality brands like Coach, Michael Kors, J.Crew, Tory Burch, Kate Spade and Louis Vuitton are represented in virtually every corner of the shopping world. According to market research, this is a vibrant, $42 billion dollar industry. The women’s high fashion market is steaming!

So, if my not very scientific survey is even close to representative and the market is saturated with high fashion quality retailers, my next assumption is why wouldn’t a high fashion women’s resale clothing franchise be an excellent business model for this area…or any area for that matter? I went searching and found NTY Brands. (NTY, as in New To You).

Introducing Clothes Mentor: Top Women’s Clothing Franchise Opportunity

NTY offers 5 different women’s resale clothing franchise concepts, but the one that really attracted me was the Clothes Mentor franchise, a reseller of women’s high fashion brands.

The brand names I am talking about live in expensive real estate, the large suburban Malls and pricey haute couture urban corners.  Certainly these are a shopper’s paradise of selection and assortment. But for retailers in these centers the margins are tightened with outrageous real estate costs, exorbitant overhead and excessive competition in these select centers. In this game of high risk and high reward retailers place their bets on high revenues and volume to drive bottom line profitability. Gross Profits of only 20-30% are standard.

At Clothes Mentor selective purchasing programs and site selection are the keys to high gross profits and low overhead.  NTY helps new Clothes Mentor franchisees engage in a precise process to determine ideal locations along the same traffic patterns that the Mall shoppers are traveling on.  However, Clothes Mentor offers a much lower cost per square foot keeping the real estate costs in line.

Clothes Mentor owners are trained to use proprietary technology to identify the highest quality in popular local clothing lines.   CM then pays local patrons cash for their lightly used garments to stock their inventories.

Clothes Mentor customers craft a diverse and dynamic marketplace.  NTY VP of Franchising, James Wollman, described the consumer activity in the store as broken out into 3rds.  About a third only sell to the store, another third only buy from the store and the final third enthusiastically buy and sell.

The end result is a retailers dream: high volumes, low overhead with typical gross margins as high as 64%.

The consumer experience is similar to any high end retail experience.  Clothes Mentor provides great selection in brands they are already buying, but at prices up to 70% off Mall pricing.  In addition, Clothes Mentor shops are NOT consignment shops with dingy lighting, sloppy merchandising and low volumes. CM offers brightly lit, modernly and professionally merchandized stores.

The executive leaders at Clothes Mentor are retail pros. NTY Franchising President, Ron Olsen, boasts a long and successful career.  Beginning in retail with Dayton–Hudson Corporation, owners of Target and Marshall Fields to name a couple.  Ultimately, in resale franchising with successful brands such as Once Upon A Child, Plato’s Closet, Play It Again Sports and Music Go Round.  Today Clothes Mentor has grown to over 140 units and earned a #210 ranking in the Entrepreneur Top 500 franchises in America.

From a Franchise Consultant’s perspective, Clothes Mentor offers everything a new franchisee could ask for:

  • a well-known brand in a hot market
  • professional training and support
  • state of the industry technology
  • great unit level economics
  • the lowest franchise fees in the industry.

I Rate Clothes Mentor a CHOICE PICK.

As an independent franchise consultant, I engage in franchise development with over 300 growing franchises. I look for specific attributes that are similar among industry leaders and successful franchises overall. The Clothes Mentor resale clothing franchise has them all.