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As Unemployment Rises, So Should Small Business

Posted by homebiz on Jan 4, 2010 in Home Based Business Ideas

    seesaw1

There will be great business opportunities present as unemployment rises in the United States. Currently, the U.S. unemployment rate is above 10% but the actual percentage of those without a job is actually much higher. The unemployment picture will likely remain unchanged for the next year.

Most jobs that were lost are gone forever. If you think companies will re-hire massive amounts of people, think again. Any improvement will not come from large business.

The only way to cure the employment crises in the United States is to formulate small business on a big scale. If you worked in IT, manufacturing or administrative areas, your job was likely sent overseas or replaced by a machine.

You can still transfer those skills to your own business. There is always a demand for you if you have a trade or a skill that can help others. Also, being small means you can be faster and more flexible than larger corporations.

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WHAT TO DO AFTER A JOB LOSS

Posted by homebiz on Dec 10, 2009 in Advice

fear1

Most people are confused about what to do after a job loss. Being laid off can be a painful and traumatic experience for most of us. For the newly unemployed, your initial reaction may be to relax and take an unpaid vacation. Or you might want to lose yourself in drinks, food, or other unhealthy habits. Many of us use this time as an opportunity to catch up on all the daytime talk shows we’ve been missing.

 After being laid off, there isn’t much time to empathize or play the blame game. The first few weeks after a layoff will set the tone for your entire career rebirth.

 In this article, I have outlined the top 6 things you should do after being downsized:

 

 1.Take a moment to relax & reflect

Don’t panic. You may have lost your job but you still have your skill and ability. It’s important to remember that life goes on.  Also, understand that you now have an opportunity to pursue your dream of starting your own business or pursue that career change that you wanted.

 2. File for unemployment

Although this can be a nuisance, having that extra cash will come in handy. Many people avoid this step entirely. Don’t make that mistake; after all, you paid for it.

 3. Organize your finances

Now is the time to drastically reduce expenses. There is a natural tendency to maintain a certain lifestyle but the smart thing to do is reduce some of those unnecessary items. It may take a couple of months to regain employment, so stack those savings up until the income comes back.

 4. Update your resume

A good resume can mean the difference between getting an interview and not getting an interview. Make sure your resume really stands out before you send it out to hiring managers. Remember that you are competing against other job seekers so be sure to highlight skills and responsibilities from your last job.

 5. Put together a plan of action

Looking for work can be a full time job itself. Prepare a list of activities you will undertake on a daily basis— and stick to them. Utilize resources such as Monster.com and Careerbuilder.com. If you are thinking of starting a business, you can use the resources at http://www.homebizceo.com to help launch your business.

 6. Take Action

Mere talk will only lead to financial failure. Once you have completed the previous five steps its time to take action. Proper planning and persistence will almost always lead to prosperity. Be persistent. You may not replace your income overnight so it’s important that you stay positive and never lose sight of your ultimate goal.

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