During the most difficult days of the pandemic, it was clear the events of Covid-19 were going to leave a legacy. One of the most unexpected after-effects, however, is The Great Resignation!
The movement began early this year in the USA where record numbers of workers decided the time was right to leave their jobs. Professor Anthony Klotz, from Mays Business School of Texas A&M University, predicted earlier this year that as people returned to life after the pandemic, people would re-evaluate their lives. And he has been proved right!
Klotz, who has studied the exits of hundreds of workers over many years, wrote in a paper that: “The great resignation is coming! When there’s uncertainty people tend to stay put, so there are pent-up resignations that didn’t happen over the past year.”
He also said that due to people reflecting on their lives, more people would take the bold move to change jobs or make a dream become a reality. And it seems that is the case.
A study by the University of London has found the pandemic has fuelled an increase in people starting their own enterprises. While many workers may have decided to do so because their employees were forced to close, others are using savings they made in lockdown to start their own business.
In the UK alone, the research found, more than 400,000 start-ups were formed in the past year and a similar boom is taking place across the world.
Don’t just dream
You maybe dreaming of joining The Great Resignation – which has also been called The Big Quit. But should you just hand in your notice and set up an enterprise?
In my view, there’s no reason why not. But, it’s wise to do your homework and set achievable goals.
One of the biggest challenges of setting up a business is needing to work alone. Indeed, a survey by Opus Energy found that 38 per cent of people who started a business regretted doing so because they felt isolated.
Chances are that in most of these cases, the entrepreneurs thought they needed to have the answer to every problem, or just didn’t know where to turn for help.
Set goals. Be accountable
Through setting goals and being held to account by their peers, I believe more people who start a business will achieve success. Over the past 20 months I have witnessed the power of combining goals with accountability. I have watched with great joy as the formula has helped people set up enterprises, take their organisations to the next level or achieve life goals through Relationology Masterminds.
If you set goals and are not accountable, there’s every chance you will keep putting goals on hold because life gets in the way. But thanks to using accountability and goal-setting, Relationology Masterminds have achieved a 91 per cent success rate!
Taking part in The Great Resignation might be on your mind, which could be a goal within itself. If so, then can I encourage you to take part in a Mastermind first? It could mean you reach that dream of handing in that resignation letter!
• If you would like to see how Relationology Masterminds can help you start your own business, take an existing business to the next level or help you join The Great Resignation, contact me today.