5 ways to prepare for a financial crisis - by Zeta Yarwood Career Coach and Life Coach, Dubai

Worried About Another Recession? 5 Tips to Help You Survive an Economic Slump

Zeta Jan-2016 1 Comment

(Written exclusively by Zeta Yarwood for Al Arabiya online news publication – the world’s most viewed Arab website.)

Is there another global recession on the way in 2016? This was the question on everyone’s mind when I recently ran a career coaching workshop for jobseekers in Dubai.

The truth is, nobody can predict 100% what is going to happen this year. All we know is that the future of the economy looks uncertain. The problem is, uncertainty can often lead to feelings powerlessness, and lack of control. In situations like this, there is really only ever one solution: take charge of the things you DO have control over. Here are a few ways in which you can prepare now, to put you in a stronger position to deal with a potential recession:

1) Nurture and grow your existing network

Your network can be an invaluable source of advice, support, guidance, introductions and even potential job offers. Investing the time now to expand your network and deepen current connections could open you up to a world of resources that you didn’t know existed. Resources that could help you survive, and even thrive, in a recession.

2) Get hiring fit!

There’s no sugar-coating it. Recessions result in job losses. In order to manage your risk of redundancy in a recession you need to do three things:

a) Perform at your best in your current role and produce results so if/when they make redundancies, your name is less likely to be on the list
b) Get yourself hiring fit – meaning that you are ready to start looking for a job immediately if the worst-case scenario does happen. This involves polishing your CV to an outstanding level, and making sure your self-marketing and interview skills are up to an excellent standard.
c) Look at the counter-cyclical industries – what skills might you need to develop to move into industries less affected by a recession?

The competition for roles is going to be fierce – make sure you are ready to fight with everything you’ve got. A good career coach can help you with this.

To read the rest of the article, please visit https://english.alarabiya.net/en/life-style/healthy-living/2016/03/20/Career-coaching-5-ways-to-prepare-yourself-for-a-downturn-.html

Zeta Yarwood Career Coach and Life Coach Dubai

 

If you are concerned about how a recession might affect you, or you have already fallen victim to redundancy, drop me an email at zeta@zetayarwood.com to find out how I can help you.

Cheers!

Zeta

NLP Career Coach and Life Coach, Dubai

 

 

Comments 1

  1. Post
    Author

    I totally agree how you should grow your network since it is the best way to help me survive the recession. Please continue with the posts, it is really helpful.

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