Showing posts with label Experience. Show all posts
Showing posts with label Experience. Show all posts

Wednesday, December 8, 2010

Opportunities and Your Résumé

Last night, I decided to catch up with my guilty pleasure, “Real Housewives of Atlanta”. During the most recent episode, one of the “housewives”, Sheree, is making moves towards her acting career. She was previously taking acting classes and had been given some “good” news by her acting coach. Her coach had gotten her a play to do; it’s unpaid and would only require two weeks of commitment. Sheree’s response (to the camera): she is a grown woman with grown bills and two weeks of her time is asking a lot. Sheree was also informed she would need an agent and her coach got her an agent audition. At this audition, the agents asked Sheree a few questions regarding her experience. Sheree had done two plays. When asked which plays, she could only remember one and forgot the other. This prompted one agent to ask did she enjoy doing the play she forgot.

Unpaid Opportunity

I understand doing free work is not always appealing, especially when one cannot afford to do so. I have certainly been there. I support myself completely, which leaves me with little opportunity to do unpaid internships/jobs. I do this blog for free but it’s done on my own time, from home. But, I have never been offered a two week unpaid job that will further my career. Two weeks is a small enough commitment for some people to do. Sheree may have grown bills but Bravo does pay its reality stars and she has been on the show for three seasons. Actors and actresses are often asked to do unpaid work so as to build their résumé. If your career is important, you have a job, which will not be jeopardized by a two-week commitment, and you have two weeks to spare, take the opportunity. Two-week unpaid résumé-boosting opportunities are not always available.

Your Résumé

I know my work history. When I interviewed for my present job, I spent the night before and the hours leading up to my appointment rehearsing my résumé. I reminded myself of important dates, great moments, challenging moments, and anything about my work history employers typically ask for and want to know during interviews. So, I was disappointed in Sheree, who claims to be serious about her career, for not remembering her previous work. You should always know your history, especially for a job interview, networking events, and job fairs. Your history is about you and during interviews, employers/ agents do not know you but expect you to know yourself.

You don’t have to care about the show to understand my main points about it (the show is not business oriented so watch only if you like drama). The points are to evaluate opportunities relative to résumé boosts it can give and your ability to commit to them, and failing to know your résumé translates into a failure to know yourself and disbelief in claims that you are serious about your career

Monday, December 6, 2010

Divorce Lending. A New Industry?

Stacey Napp went through an 8 year divorce battle. The process of paying for her defense within the battle was funded through personal loans from her family and friends. She walked away from the battle achieving the settlement she wanted and a new business idea. She started Balance Point, a divorce lending company.

The company is about a year old and according to "Taking Sides in a Divorce, Chasing Profit" by Binyamin Appelbaum, is already funded from investors and has already lent out "$2 million to 10 women seeking divorces". This is a new company venturing within the world of legal lending. It has been able to receive support due to being based in Los Angeles, which has a lot of expensive divorce battles.
Her purpose: the lending provides the client with an even battleground as legal fees can become expensive forcing the client to not fight as long as the other (former) spouse. The audience are "people with marital assets between $2 million and $15 million" and those who wish to reach an end to the battle. For proft, Balance Point does not charge a fee but takes a percentage of the settlement.

I just love the way in which this company has been created. The use of experience as an appeal is personal and will seem endearing to prospective clients. According to Appelbaum, unequal legal representation in divorces is very common. It is not as if the company is feeding divorce but providing an obvious solution to a common problem. The means of profit through percentage of settlement as opposed to fees means clients are not stuck with a lot of fees and the company stands to profit much from high profiled divorces. The caveat will be clients who do not go forward with divorces, long divorces, and small settlements. The company has yet to make profit but Napp should be commended for turning a personal experience with a common problem into a business. Appelbaum's article left me wondering if legal lending is a new industry ready to emerge or a hidden one not given much attention.

note: I'm not trying to make a point about divorce but about the business.