The best career advice I was ever given was that it is easier to find a job when you have one.Yahoo recently announced layoffs which few people in the industry would have predicted in light of the company being in the brightest sector in the technology industry -- online advertising. The recent jobs report further validates that employers are slimming their ranks as the economy lost jobs for the first time in more than five years.
This is further indication that we are heading or already in a recession. Read "The R Word." As this economy tightens, it's important to keep things in perspective and to have a plan A, B and C.
Remember the six months of income that financial planners suggest you have in the case of an emergency?
This was the rainy day they encouraged you to save for. Call me observant, but I know most people reading this are having a difficult time keeping up with the rising cost of the basic essentials, which makes saving a lump sum almost impossible.
Here are a few tips to help you weather the coming financial storm:
1. Take out a line of credit to be used in the event of an emergency. If you fall victim to a staff reduction it will be almost impossible to get a loan.
2. Make use of your skills to become a consultant. Now may be the time dust off those business cards and put some feelers out. Visit www.sologig.com
3. Update the resume and ping some folks in your industry. Need to upgrade those networking skills? Read "Click" by George Fraser or "Never Eat Alone" by Keith Ferrazi.
The forecast for the economy is gloomy but proper preparation can help you weather any storm.
www.deborahowens.com
Related Articles:
Is Recession the "R" Word?
1. I wish I had followed some advice I got similar to this one. Now I'm stuck and its only gonna get harder.
www.happitees.com
The place where happiness is OUR way of lyfe!!
Justice at 5:29PM on Feb 9th 2008