Why hitting rock bottom after job loss is good for your career

Author: Entrepreneur

Dean Shepherd 150x150

Entrepreneurship professor Dean Shepherd was quoted in an Entrepreneur article about how people deal with setbacks and challenges. Shepherd's research revealed that career failure frees an individual to seek new opportunities and growth.

Shepherd explains that individuals who eventually hit rock bottom come to realize their identity has been lost, and that realization can lead to either of the two paths: toward recovery or toward dysfunction. “Using ‘identity play’ provides a safe environment to escape the situation and try new things, discarding bad ideas or finding and refining a new identity and returning stronger than before,” he says.