What’s your ‘f*** this’ backup plan?

Based on the most helpful WSO content, many users have shared their "backup plans" or alternative paths when faced with layoffs or career dissatisfaction. Here are some ideas and insights from previous threads:

1. Pursue a Passion Project:

   • One user mentioned a friend who became a high school teacher and a best-selling children's book author after being laid off.
   • Another suggested opening a small business, like your bookstore idea, or starting a side hustle.

2. Explore New Industries:

   • Transitioning to tech through coding bootcamps or exploring roles in growth/VC/tech investing has been a popular pivot for those with finance or consulting backgrounds.
   • Teaching English abroad in countries like China or Japan was also highlighted as a life-changing experience.

3. Go Back to School:

   • Many consider grad school, such as an MBA, or pursuing degrees in fields like statistics, computer science, or other quantitative areas to open new career doors.

4. Take a Break and Reflect:

   • Some users recommend taking time off to travel, visit family, or simply recharge. This downtime can help clarify what you truly want to do next.

5. Leverage Transferable Skills:

   • Investment banking and consulting skills are highly valued in corporate strategy, business development, and even entrepreneurial ventures. Shadowing professionals in different fields or networking can help identify roles where your skills apply.

6. Embrace a Simpler Life:

   • A few users shared their desire to step away from high-stress careers entirely, focusing on personal happiness and fulfillment over prestige or income.

Your bookstore in Lisbon idea fits perfectly into the "pursue a passion project" category. It’s all about finding what excites you and aligns with your values!

Sources: I was fired today, don't know what to do...., I was fired today, don't know what to do...., Q&A: I grew up in Consulting and reinvented my brand 3 times, Seeking advice - Decade of experience in niche sector and laid off, Transitioning from tech to a serious finance job (yes, you read that right)