It dawned on me the other day, in a quiet moment this current situation was beginning to feel a lot like 2008 for me, which meant I help my business friends out there because I have had traumatic times and rebuilt my life to be in a much better place than I could ever have dreamed of. It was not easy, and it took a while but with knowledge, support, and the right mindset I got through.
It was 12th December 2008 when the company I worked for, a subsidiary of Woolworths closed its doors and 30,000 of us were made redundant. As the company had gone into administration we were only paid up to 12th December, even though I had a 3 months’ notice period. When a company goes into Administration all contracts become null and void, including employment contracts. No notice period, other than the statutory minimum which to the main bread winner of the family didn’t really make too much difference. To add to this our final salary pension scheme, into which I had transferred some of my other pensions, went to the Pension Protection Scheme because no one was now contributing to the scheme.
A colleague persuaded us we should take the company to court as we could claim for our notice period to be paid, he had done this before when in a similar situation. We did win that battle and the Administrators sent a very nice letter agreeing our claim. What they omitted to put into the letter that they were only paying 1p in the pound of every claim, so I received a very nice cheque for £35.
My mother and father in law also passed away during this time. While I was putting my life back I decided I was not going to be a victim. I took control of my life, invested in my training to plug the gaps in my knowledge, got a coach and surrounded myself by people who could help me with a positive mindset. As an Entrepreneurs Circle Certified Coach we have access to an amazing support network which gives you the confidence we can help and guide you to achieve your dreams.