Few people have a straight and smooth trajectory to the top of their industry. Especially anyone working in finance over the last few tumultuous years. But how well you deal with setbacks can make a big difference in getting to the next level.
That’s the premise behind a new book from Andrea Redmond and Patricia Crisafulli, authors of Comebacks: Powerful Lessons from Leaders who Suffered Setbacks and Recaptured Success on Their Terms (Jossey-Bass, 2010), and reviewed by Exchange Magazine Online.
Redmond and Crisafulli offer a number of strategies for overcoming professional setbacks, backed by the stories of top executives who went through the experience. Some common themes emerge.
Often, the setback is not about you. Companies, industries and economies are often in transition, and you’re simply a casualty. So find the peace of mind of knowing that often, you did your best in difficult circumstances. Learn whatever lessons you can.
Be sure to take plenty of time to think about what you want to do next. This is admittedly difficult if you face financial pressures. But if you jump at the first opportunity that comes along, you may not be setting the stage for a stronger comeback that will move your career up a notch. You must take some time, says Redmond and Crisafulli, to ask yourself the big questions of what’s most important to you, what size organization you feel most comfortable in, and what your dreams and goals are today.
What made you successful will make you successful again. So it’s also time to take an inventory of your unique talents and abilities so you can be ready to communicate the value you bring to your next employer.
Reflect carefully on your next steps, build your support system of allies, remain open to new possibilities, and define success on your own terms and you will likely come back stronger than ever in your new position. You can pick up a copy of Redmond and Crisafulli’s new book at Amazon.com.
What about you? Have you gone through a wrenching career transition? What helped you come out stronger, hopefully, in your next position? Add your comments below.
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