Tag Archives: recession

Resigned To The Fact

This post was originally written on the 1st April, but I couldn’t post it until today, and believe me, it’s no April’s Fool.

Today is the 1st of April… the dreaded “R” word raised it’s ugly head today, no not recession, the other one, redundancy. I heard from two more friends, that they were made redundant today, both have been with the companies for a number of years and neither were expecting to be called aside.

Are they taking it badly or personally? thankfully not, both are up beat about it, of course they’ve heard the same thing from everyone, “Oh it’s the best thing that could happen to you” etc, mmmmmmm, no not exactly, winning the bleedin’ lottery would have undoubtedly been a bit of a better day, but then again, it’s only a job for crying out loud, it’s not as if somebody has died. Yes I agree, you have to look at the positives in these situations, the slate is clean, there’s no obstacles, there’s nothing stopping you getting on with all the things you’ve been putting off for ages.

I too realized that things had to change in my office today, but I’m in a different position, I’m a company Founder, so one of those that gets to decide who stays & who goes, (although trust me, that’s no privileged position, it’s not easy making those types of decisions, or nice telling someone), but we’re doing OK at the moment so there’s no redundancies on the cards, but even still someone had to go, and that someone was me!

I’ve too many other things on the boil, I can’t give my all to Cordovan at the present, so it would be unfair to all those that have worked with me the past decade for me to continue in my present capacity, so I’m stepping back. I’m not stepping down, I’m simply stepping back, I’m still sitting on the board & actively helping where I can (or is that interfering where I can), but I’m out of daily operations, it was a hard decision, I’ve spent 10 years building the company, but I’ve also spent the last couple of years ensuring it could function without me… it can, there’s no doubt in my mind there, if there was I wouldn’t step back, they’ll be fine.

It’s not easy letting go, but I’ve resigned myself to the fact that it’s the best thing, my focus has to be somewhere else now, there’s interesting times ahead, but I’m looking forward to the challenges, standing still would be boring, and that’s really not me.

I hear there’s a recession, but I’ve decided not to take part

At the end of 2007 I sold two of my companies, vision360 & ezpresenter, to the Cordovan Group, with the new company becoming Cordovan Digital (where I’m currently a Board Director). We’ve had a pretty good year, highest turnover & profits of our previous 10 year history, so I can’t say fairer than that. Of course the coming year will be telling, but I feel positive about it, I work with an amazing bunch of guys (& girls!), whom I have complete confidence in, they work incredibly well together & I’m dedicated to ensuring their futures too.

So how have I prepared for the coming year? Probably not as you’d expect… upon selling the two companies last year I retained a third one, named no paper™, which we’re still developing & planning a major launch of in 2009. Then in November this year I registered two entirely new companies (ID Gator™ & F451 Labs™), plus a forum on Identity issues Your Identity Matters™ (to be launched in April-May), plus two non-profit organisations, Your Small Change™ & I Skipped Lunch™, both of which I’m hoping to change to charity status in 2010. So I shall be entering 2009 with 5 companies under my direct control with an ongoing concern with Cordovan.

Am I being ambitious? Yes
Am I over stretching myself? Probably
Can I do it? Absolutely
Would I have it any other way? No
Am I worried about the recession? No
Am I mad? Ask me in a years time!

So don’t bury your head in the sand and wait for the economic downturn to go away, it won’t, there’ll be winners & losers, either way it’s going to be risky in 2009, but it’s your choice… at least doing it my way I can see the risks ahead of me!

And if that’s not a good enough reason then read these:

It’s Not How Good You Are, It’s How Good You Want To Be
Whatever You Think, Think The Opposite
Paul Arden

Either way, I hope 2009 is good to you.