The Business of Being Unemployed

Adriel had put the plans for his business - Riveter, which provides networking and services for the unemployed - in place before COVID hit. And then HE lost his job, enabling him to focus on his vision full time. Now he finds himself competing with bigger fish in the outplacement space, and Marc has some ideas about how he can continue to grow the company in this uncertain environment.

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#8: The Business of Being Unemployed

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Matthew
Matthew
16 days ago

A great idea that I can see the potential in. As someone who is currently unemployed, I can appreciate a company whose mission is to help those down on their luck and trying to get back on their feet. Best of luck to you and your team, Adriel. Great episode, as always.

Marc Randolph
Editor
Marc Randolph
16 days ago
Reply to  Matthew

One of the things that I really liked about Adriel’s business – besides how efficiently he was applying all the basic entreprneurial concepts that I’m always hammering people about – was that he was doing something “good”. It’s so rare that we get to do things that not only allow us to be successful at business, but also do good things for the world.

Matthew Assad
Matthew Assad
13 days ago
Reply to  Marc Randolph

I could not agree more, Marc.

Marc
Marc
12 days ago

I enjoyed the podcast. Best of luck to you Adriel and your company.

Last edited 12 days ago by Marc
Anita
Anita
11 days ago

Just finished your podcast. I am writing from Austria, Europe. I also see a good chance for Adriel‘s idea. Actually there are a lot of more people I thought about the last years. The demographics are getting more difficult too. People are living longer and in former times people said: at 50+ you will end up in a longterm unemployment. Now people from 40+ have the same issues and also single mothers who rarely can find appropriate jobs part time if they have also to take care of their kids. Then the AI movement and what will happen with all the truck drivers when driverless trucks are all over and they all lose their jobs. How can they adopt accordingly and quick to another job path?

I am 42 and also got laid off recently because of COVID. I worked 23 years as an assistance of the CEO, lots of experience and education. Now I am also feeling stuck. Community is definitely missing because government offices aren’t interested in any of that. They only send you the money for surviving during your unemployment.

I can only speak from the European job market. The biggest problem are these things in my opinion: people have to work longer before they can retire (65 or longer) but no one wants them if they are 40+ and older. They are too expensive and the younger generation is more fit on digital paths or whatever reasons they are saying.

I am constantly trying to keep on track but the technical innovations often are rolling over all employees the last 15 years. In the last 15 years not only one innovation has happened. It is not like as the Industrial age started. People struggled too back then but nowadays the innovations are so fast, people can‘t even adopt accordingly and fast to go a new career path for example.

I think this is a BIGGER problem and COVID showed us another part of the economy which is easy to hit too.

I am also searching for a new way but government options and outplacement is only a small part of help here in Europe.

Well educated 50+ leaders find no job anymore …. There is so much loss of potential in the economy.

I have a lot of time to rethink my life now… I would be happy to be engaged in talks about all ideas and entrepreneurship stuff.

Would be nice to help or find my new path through interesting minds in US 🙂

Greetings,
Anita