Investors in a startup business keep a sharp eye on the burn rate of the new enterprise. That is, how much cash the startup burns through on a monthly basis. By measuring the burn rate, investors can gauge how long it will be until their investment starts to provide a return and also make corrections if the burn rate deviates from the agreed upon schedule. If the burn rate exceeds projections, investors will be less likely to provide more capital and the startup may fail.
A job search is similar to a startup business in that the job seeker has a variety of “investors” who measure progress in terms of months spent in creating a new thing. In this case, the new thing is the next job and the job seeker may burn through a considerable amount of “cash” while creating it.
Tim Slager will speak about how to best leverage the support of the variety of stakeholders who have an interest in a successful outcome for your job search
Slager is a volunteer Hudson Job Search Advisor and Vice President, Northeast Ohio for Lee Hecht Harrison (www.LHH.com). His career has been spent in a variety of positions working with talent development and transition. As such, Slager has worked with hundreds of individuals as they transition within and between different organizations. A resident of Hudson, he holds a Bachelor of Arts from Kenyon College and a Master of Divinity from McCormick Theological Seminary.