Laid Off, What to Do Besides Apply to Roles and Reach Out to People
Hey,
Any ideas for what to do when you are laid off and looking for your next role. I know everyone says treat it like a full time job, but there are not enough people out there to get on calls with. My current plan is reaching out to 10-15 people a week, applying to any jobs reaching out to people there but there is still a lot of free time. What else have other people done to fill the time in between roles besides the gym, reading, going out every once in a while.
We're looking for some part-time help (paid). Family office start-up that invests equity (GP / LP) and debt (mezz / preff) across property types with institutional quality sponsors. Also do financing advisory work on the side. We're on pace to invest $100MM over first 12 months and currently out in market with $200MM of financings. Need help with underwriting, Argus, investment memos, OMs, etc. PM if interested.
chad
I would go to events and conferences as much as your budget can allow. Like all local or national events of whatever field your targeting (like NAIOP, ULI, etc.). Talk to people in person.
Also, if you are a member of those groups (and join if not), use the member directory to look people up and contact that way as well. Starting off an email with "I'm a fellow NAIOP/ULI member, can we chat" is better than random on LinkedIn. As to LinkedIn, I always recommend going heavy at school alum, best response rate.
Other stuff with extra time... read and follow the industry closely. Seeming "on top of everything" is key in job interviewing and being out of work can make that more difficult, going to the events helps tons on that front to!
Thank you - great advice.
Obviously grind job hunting and networking as much as humanly possible, and if you need to from a financial standpoint, get a part time job so you don't have to live on the streets, but one extra thing you can do is take this time to really improve or fix something about your life.
The one time I got laid off, years ago, I lost 60 pounds and got absurdly healthy. Honestly I could probably use getting laid off again just for that reason.
There are so many things that you simply don't have the time to work on when you're fully employed. Find a positive in this time and go improve something about yourself that you've always wanted to or fix something about yourself that needs addressed.
Thank you - great advice.
Lots of good advice already, I would say make yourself a schedule for each day and stick to it. That way you don't spend 10 hours a day on linkedin. Set aside 1 hour of searching, 1 hour of sending apps, 1 hour of sending cold emails, and actually do it. Don't look at your phone, check WSO, go on instagram, etc.
I'm curious what happened that led to your layoff? Just because the economy is so hot right now it seems odd
Was at a smaller firm, deal flow was dependent on partners liquidity which wasn’t much. So not as active as they thought coming out of covid and overall terrible culture, all of my original team has left due to the lower activity. Overall good real estate environment across the US but there are still firms struggling coming out of covid.
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