Future Opportunities

 

Unemployment can, in some cases, deal a serious blow to your finances and pace of career progression. Yet it amazes me to hear countless people say that losing their job was the best thing that ever happened to them. For just about everyone, it never feels that way initially and there can be many ups and downs along the journey to your future opportunity. But once you get there, you'll realize that the knowledge, contacts, fortitude, and survival skills gained during your unemployment have sharpened your skillset and made you more valuable in the workplace.

There are thousands of books, websites and other resources on how to conduct a successful job search. In this author's view, the most important things all jobs seekers, regardless of level or experience, need to do to maximize the effectiveness of their search are as follows -

  • Define what you want and don't want in your next opportunity before you start your search and continually refine it.

  • Update or create your professional profile (resume and LinkedIn). These are expected by recruiters for 90+% of all jobs.

  • Network insatiably and maintain a detailed and organized contact list. This is the most effective way to find a job.

  • Position yourself for freelance, consulting and interim opportunities. You must be open to these types of roles in today's world.

Taking a broader view, a job today is no longer what it used to be. There's minimal employer-employee loyalty, benefits are continually being reduced and the pace and stress level seem to increase daily. Therefore, just like your investment portfolio, your sources of income require diversification. Launching a small business on the side. owning rental real estate or monetizing a hobby are excellent ways to accomplish this. Launching and running these activities on the side require incredible time, energy and focus, but the potential upsides are enormous -

  • Additional income

  • Tax write offs

  • Satisfaction of being your own boss

  • More flexible schedule​

  • Opportunity to convert the business to a full-time occupation

© 2020 Survive Your Layoff