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You know who you are, one of the hundreds of unemployed, highly educated technology-marketing executives who used to be “somebody.” Your spouses are going back to work while you “network” and hope that “new economy” doesn't mean THIS.

Well, I'm sorry to say it, but we consultants are a part of your problem.

The jobs you (we) had are gone. That's it, game over, the point is moot, eighty-sixed, etc. They are not coming back in their former form. Ever.

“What about all that education and experience?” you say. Well, maybe you should have spent more time bumming around Europe after college.

So what does one do? Spend a year with the kids? Sure, that can't be a mistake; and now, they really may have to take care of you in retirement. Fix up the house? Yeah, you might as well have it ready to sell. Or you can join us and become a part of the problem, making sure those jobs never come back.

The Problem

Let's look at why our old jobs won't be coming back in any event:

  • First, we were too expensive. Can a company with a top line of under $10 million support a full-time marketing exec with a “loaded” cost of over $150,000/year? If you run through the ratios for a reasonable gross margin product line, you will find that it cannot. You can rationalize the expense when revenue and share values are growing at double-digit rates, but not when they are not; the money simply is not there.

  • Second, we did not do that much. OK, I hate to admit it, too. But marketing executives are great at making impressive-looking stuff happen in a short time on a deadline. They spend the rest of the time “socializing” concepts, learning, synthesizing, and letting their well-balanced brains grind through the vast amount of data available. So they “work” in a productive and tangible sense (as viewed by the rest of the organization) maybe about 25% of the time.

  • Third, the technology guys never trusted us. And they are in charge now. Sure, I'm an engineer too, but the “real” engineers distrust marketing folks as smooth talking, backslapping, overachievers who think they should be running the company. And the engineers are probably right. When the tech bubble burst, it was an obvious choice to cut marketing (not a good choice, arguably, but one that any GM would make). The remaining folks in the firm are now operations and engineering oriented. They feel (rightly, in their view) that marketing folks just waste money and make problems.

So How Do We Get Back in?

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ABOUT THE AUTHOR

Steve Richeson is the general manager of Market Plan Engineering (www.marketengineering.com), a technology consultancy in Atlanta, Georgia. Steve has been CEO and VP Marketing for several Atlanta- and San Jose-based startups and works with companies at Georgia Tech’s Advanced Technology Development Center.