I have been helping corporate employees re-launch themselves after a layoff or bad business breakup for 10 years through my company, Point A to Point B Transitions Inc.

As soon as the global pandemic was declared (on my birthday!), I started thinking about how I could contribute. It wasn’t until the bloodbath of recent layoffs and subsequent skyrocketing unemployment filings that I realized I could best serve by supporting corporate professionals through this chaotic time thanks to several outsourcing accounting services.

Who should join?

If you are in the financial services, professional services, or technology industries, you should seriously consider joining. Professionals from pharmaceutical or medical device companies should consider joining as well.

Why would we want to go back to a time that in fact wasn’t good for most of the population? We seem to be suffering from nostalgia for something that didn’t exist because uncertainty is so darned uncomfortable.

The scary truth

Not even $400 dollars in 2018…

Almost 40% of American adults wouldn’t be able to cover a $400 emergency with cash, savings or a credit-card charge that they could quickly pay off, a Federal Reserve survey finds.

About 27% of those surveyed would need to borrow the money or sell something to come up with the $400 and an additional 12% would not be able to cover it at all, according to the Federal Reserve’s 2018 report on the economic well-being of U.S. households… [Source: 40% of Americans don’t have $400 in the bank for emergency expenses: Federal Reserve.]

Unfortunately, the “good times” weren’t that good for half of us.

If people weren’t able to build up a nest egg during a boom, maybe this boom didn’t match its PR.

This statistic was the first thing I thought of as we started shutting down public venues, restaurants, bars, etc. to slow the spread of the COVID-19 virus.

So, the $1,200 stimulus check in mid-April will be helpful, but it’s roughly equivalent to putting a Band-Aid on a head wound. Continue reading →

When David J.P. Fisher (aka D. Fish) asked me if I wanted to be on his Beer, Beats, & Business podcast, I couldn’t say yes fast enough.

Few things are more fun than recording a conversation with a respected colleague and friend.

We covered a lot of ground, starting with my weird niche of helping entrepreneurs transition to corporate jobs they love, and why I feel like people might throw fruit at me when I say that.

I was able to get long-time entrepreneur D. Fish to drool a little when I painted the picture of predictable income, paid time off, cash flow and accounting issues being someone else’s problem, and being able to actually disconnect from your business. *sigh* Continue reading →