Downsized & Can't Find Work? Earn Money While You Look For Your Next Job
Nicholas Curtis
And since then, have you discovered how extremely difficult it is to
find a new job in this recessionary economy?
Current Situation
If so, you're in good company. Since the beginning of the
recession in December, 2007, more than 5.7 million jobs have been
lost. According to the Associated Press (AP), after the May 8th
release of the April, 2009 unemployment numbers:
13.7 million people were unemployed in April, 2009, and that was the
largest number since 1948
539,000 jobs were lost in April alone
8.9% unemployment (the highest since September, 1983), but if workers
who've been laid off and just given up or taken part-time work, are
included, that number jumps to 15.8% - the highest since 1994 If
you've been unemployed for more than a month, you may be feeling
frustrated, angry, depressed, or maybe even a little panicky as you
watch the pages of the calendar turn, with still no job on the
horizon. You're probably also concerned about longer term issues
such as figuring out how to send you kids to college or fund your
retirement.
There are basically three options in this situation:
Panic
Keep doing what you've been doing (the same things that haven't yet
found you a new job), or
Try something different Option 1: Panic
The first option, panic, is entirely counter-productive, and should be
avoided at all costs. A little fear is an excellent motivator;
it can help us focus and energize us for the actions that need to be
taken. Panic, however, overloads our system, resulting in fuzzy
thinking, confusion, fatigue, and gets us nowhere.
Option 2: Continue Doing What You've Been Doing
If doing what you have been doing had been successful for you, you
wouldn't be reading this article right now. If you keep doing
what you've been doing, you can only expect to get more of the
same.
I don't know about you and your industry, but people in my industry -
good people - have been unemployed for more than six months, unable to
find a comparable job to the one they left; or even, any job at
all. After diligently answering help wanted ads and sending out
countless resumes, what results have they realized? Zilch,
nada.
My friends are not even getting preliminary callbacks - and that's
even when they can find jobs to apply for in the first place.
Option 3: Try Something Different
The third option - do something different - seems to be the only
plausible solution. But this option is so wide open, where to
start?
I suggest you consider starting your own business.
Let this be the last time that anyone will ever lay you off, or
outsource your job.
Let this be the last time that you have to forfeit quality time with
your family by bringing work home, working weekends, or having to
travel way more than you'd like. Become your own boss! Start
your own business!
The home-based business industry accounts for approximately $427
billion annually and provides many tax benefits, more control over
your time, your work, and your future financial security.
Essentially, you'd be applying the Law of Large Numbers to your
individual situation, much as insurance companies apply it to minimize
losses resulting from damage to your home, your car, or other personal
property. They spread the risk of loss across thousands or
millions of policyholders.
If you start an online business, you could be spreading your
recessionary risks across millions of potential customers, multiple
geographic regions, and even, multiple countries. Thus, you
would also be increasing the stability of your new revenue
streams and increasing the likelihood of ensuring your family's
financial security.
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