Dealing with the new economy
Posted by: craigj under Business revision, Economy, Recession
In a cocktail party yesterday, a man complained – “I’m going to change my career – I’ve been a financial advisor for 10 years and they’ve changed the bonuses in the program (he last worked for AIG!) so I refuse to work for less money.” Change of direction can be a good idea, but somehow, I heard him positioning himself as a victim.
If you are positioning yourself as a victim, or think you might be, that’s a recipe for your own disaster. Have a conversation with me or someone you trust – the only success you can have as a victim is to increase the amount of self-pity you accord yourself. Not productive!
And you might have a look at this no-nonsense quote from Robert Kiyosaki:
“Today, people are asking, ‘Is the crisis over? Is the economy coming back?’ My reply is, ‘No, the economy is not coming back. The economy has moved on, and the people asking if it’s coming back are being left behind.’”
Another quotation (this time from me!) “If you go with the flow you’re likely to go down the drain!”
At times like this, consider:
1. The old ways probably aren’t working
2. Opportunities abound, but they are likely to be dressed in coveralls and look very much like work!
3. If you have a 9-5 job, you’re at the mercy of the market forces. Maybe the people you’re working for will be smart and brave, or maybe they won’t.
4. If you’re an entrepreneur, you already know how to start something new and different. You may be reluctant to do it again now, but you know you can.
5. It may be time for re-vision. That’s not “revision” - to modify what we already have, but re-vision, to take a fresh look, see what’s changed, create a new plan.
6. Coaching- it takes two eyes to see perspective – which may be entirely appropriate in this situation! I offer my viewpoint in two different formulations. Explore the possibilities in a no-cost conversation about your business. Call 516 944-6454, email craig@craigjennings.com.
