7 Steps to take after Terminated from your Job

Kevin S. Rademacher, CFP |

🚶‍♂️ 

 

7 Steps to Take After 

Terminated From Your Job


Losing a job can be one of the most stressful and emotional experiences you’ll face. But it’s also a turning point — a chance to reflect, reset, and rise stronger.

Here are 7 key steps to take if you've been fired, laid off, or unexpectedly let go:


1. 🧘‍♂️ Stay Calm and Professional

It’s completely normal to feel hurt, angry, or shocked.
But don’t react impulsively — avoid saying or doing anything you might regret later.

✅ Stay professional during exit interviews and interactions with coworkers.
✅ Preserve your reputation — the job may be gone, but your character stays.


2. 🕵️ Understand the Reasons

Clarity is key. Ask:

  • Why was I let go?
  • What feedback can I learn from?

🎯 Use this insight to identify blind spots or gaps, and turn them into growth opportunities.


3. 💸 Assess Your Finances

Take stock of your current financial position:

  • 📊 Review your expenses and savings
  • 📝 Create a short-term survival budget
  • 🧾 File for unemployment (if eligible)

🧠 Consider consulting a CERTIFIED FINANCIAL PLANNER™ to build a plan for this transition, and prepare for future life events.


4. 📝 Update Your Resume & LinkedIn

Time to refresh your professional materials:

  • ✅ Update your resume with your most recent role
  • ✅ Polish your LinkedIn profile
  • ✅ Be honest, but focus on your skills and successes

💡 Show hiring managers what you bring to the table, not why you left the last one.


5. 🤝 Network and Seek Support

You don’t have to do this alone.

  • Connect with former colleagues, mentors, and friends
  • Let them know you’re open to new roles
  • Join job fairs, networking events, or online communities

💬 Ask for referrals, introductions, or insights and give support in return.


6. 🎯 Develop a Job Search Strategy

Don’t just send résumés target your next move.

  • Define your goals
  • Tailor your cover letters and applications
  • Use job boards, recruiters, and LinkedIn effectively

✅ Treat your search like a job with structure, intention, and daily progress.


7. 🚀 Unleash the Hidden Entrepreneur

What if this is your pivot point?

Explore whether now is the right time to:

  • 💼 Launch your own business
  • 🎨 Turn a passion project into income
  • 💡 Monetize your skills in a freelance or consulting role

Start with the SCORE Startup Roadmap and connect with a local mentor.


🌟 Final Thought

Being fired does not define your future — it opens the door to reinvention.
Stay proactive. Stay hopeful. The next chapter may be better than you imagined.


📅 Want Help Navigating the Financial Side?

If you're seeking trusted advice and creative financial solutions for your next move…

👉 Book a free, confidential meeting with Lifetime Financial Planners

Let’s build your bridge from uncertainty to opportunity together. 💼