I, for one, was completely heartbroken when my company went under. I was working AEA contracts during the summers and spending the rest of my season in a full time job working for an AGMA company. But with my 4 year old, I couldn't go back to the "real" AEA SM life. I felt I would end up in an entry-level job because I didn't understand how my skills could apply in non-theater life. It took a friend of mine to show me the way.
We're SM's because we have a unique skill set that allows us to multitask, remember locations of things, spot memorize, retain knowledge and problem solve in stressful situations. We're calm, collected, take lots of notes, organize calendars and can figure out logistics. We're also good with people and managing a crew. My friend, who had worked as a Sound Engineer for me years ago, knew of my skills, and when he became a VP for an A/V company and heard I was out of work - he hired me on the spot.
I'm a Director of Fulfillment, and it's nothing that I ever thought I could do. I figure out what needs to move where, I remember where inventory items are kept, I spend so much time looking at our job paperwork that I remind people that they are missing gear in a transfer. I manage warehouse teams in Los Angeles, SF and San Jose. I hire technicians; I listen to them, and I'm pulling up memories of rehearsal reports and production meetings and honing my "HR" skills. I keep calendars of information and tons of lists - and I keep everyone on track.
I figured out how to transfer my skills to this new profession, and while I'm not calling the shows (though I may be a show caller at a future event when things slow down), I've found a way to make it fun. I mean, what SM doesn't like to cross things off the To Do list and make their team happy with quick & smart solutions? And I am learning which gear does what. My company uses certain digital mixers, and when I was permitted to take 2 days off work to go SM a reading, I found that same mixer at the theater I worked at. For me, I'm not *so* far away from theater...
So, yes, we really can transfer our skills - you just have to figure out what those skills are in layman's terms and then how those skills can apply to a job. I had to learn a new software program - but who doesn't when they go into a new business? We're SMs - we're adaptable, we think on our feet, we're good with people, we know how to manage a group - and we're always learning.
As far as going back - my company is small enough, that even though I am permitted to do short-term AEA SM gigs, I still have to check in with work - so my meal breaks and post rehearsal times are spent trouble shooting via email/phone calls, etc. I want to go back to AEA work, and while I feel I should be able to transition back (since I am keeping in touch with previous employers) I'm just not ready yet.
Ps. As a side note - when I got too bogged down with my new job, I asked if I could hire an assistant. And, of course, I wanted a Stage Manager - and I got one. And now she knows how to transfer those skills to non-theater work.