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Nine Tips to Recession-Proof Your Career
Apr 21 2008

I saw this great post in Renee Trudeau’s recent email update and asked her if I could re-publish it on my blog and she agreed!  Given what we are seeing happening around us in the economy, I thought this article was extremely relevant. 

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Nine Tips to Recession-Proof Your Career
By Renee Peterson Trudeau

“You have the choice between being the victim of circumstances or being empowered through them.”  Carol Orsborn, author, Inner Excellence: Spiritual Principles of Life-Driven Business

Many of our clients are asking how to respond to the volatility and uncertainty in the current job/economic market. Here are some insights to support you:   

  • Move into the driver’s seat. Job stability (and loyalty) are a thing of the past. Take control of your career path. You’re in charge, don’t hand your power (or your future) over to someone else. Read the book “Work Less, Make More,” by Jennifer White.
  • Pause. Then, take time to plan. Now is a great time to hit the pause button and ask the important career questions: What do I most want at this life stage? What do I do best? What type of work/environment is a fit for me? (Consider attending our Career Mojo Workshop to help you hone in on how to determine what type of work is a fit for you. Click here for more information.)
  • Be prepared. It can take days to create a really outstanding resume. Update your resume (and cover letter) now and be thinking about references, even if you’re not ready to leap. Make sure and highlight recent awards/accomplishments/promotions.
  • Stay connected and make time for networking. Over and over again I meet professionals who were so consumed by their current jobs, they lost touch completely with their community and contacts. Take time to build and nurture relationships and attend professional organization and networking meetings. Read the book “Never Eat Alone,” on authentic networking by Keith Ferrazzi.
  • Know-and leverage-your strengths. Ideally, 80% of your time at work should be devoted to activities that you naturally excel at. Know where your brilliance lies and leverage your innate strengths. This is how you can bring the greatest value to your company AND how you substantially increase your income.
  • Save and live lean. Give yourself as much financial flexibility and breathing room as possible over the next 12 months. Live below your means. Cut out unnecessary expenses. Enjoy free or low-cost leisure activities (there are hundreds in Austin!). Create a budget and stick to it.
  • Be open to new possibilities. Layoffs, mergers, buyouts and outsourcing decisions don’t have to signal bad news. How can you take advantage of these changes? Where are there opportunities for new products/services? What niche can you fill? What problem is not being solved that you can address? Are there new internal opportunities within your company you should consider?
  • Stay in the loop on changes in your field/industry. What are the biggest challenges facing your current industry? How has your field changed in the last three years? Where are the employee shortages in your profession? What are the reoccurring themes or headlines at your professional conferences or in industry publications? Learn to be agile.
  • Take time to enhance your skills/talents. This is a great time to brush up on leadership or management skills, receive career or success coaching, reach out to mentors for guidance or sign up for in-house mentoring or training programs. Don’t isolate yourself-reach out and ask for help. People have a genuine desire to help others-we’ve all been there.

Finally, be kind to yourself. Realize that there is a lot of fear in the air right now due to all the uncertainty. Be discerning and own your feelings, not others’.    

Renee Peterson Trudeau is a career/life-balance coach and president of Austin-based Career Strategists, and author of The Mother’s Guide to Self-Renewal: How to Reclaim, Rejuvenate and Re-Balance Your Life.  Visit http://www.reneetrudeau.com/ to start/join a self-renewal circle using the Guide, receive monthly self-renewal and life balance tips or order the book.   For more information on Renee Trudeau click here.

Author: | Filed under: entrepreneurship, FYI, mom, mother, working mom, working mother | Tags: , , , , , , , | 3 Comments »

3 Comments on “Nine Tips to Recession-Proof Your Career”

  1. 1 Martin Calle said at 10:35 AM on April 21st, 2008:

    Hello! What a great Blog! No, I’m not a mom. I’m a dad. And also the inventor of OraQuel – an easy to use dental care product that protects children’s hearts and coronary systems from oral infections and heart disease. If moms are looking for ways to make money, I would like you to help me spread the word about OraQuel. You can find more information at http://www.OraQuel.com. If you like what you see, feel free to contact me! Thank you.
    Martin Calle.
    President
    OraQuel

  2. 2 Diane said at 10:37 AM on April 22nd, 2008:

    I lost my job just this month because of budget cuts. The only way to avoid it in my case was to not work for the government. When the State is hurting, they pass that hurt onto the cities and counties. About the only thing I could do was prepare and save and have a back-up plan. Thankfully I did and I’m in an even better position now!

  3. 3 Aruni said at 8:23 PM on April 22nd, 2008:

    Hi Diane – Sounds like you were smart about having a back-up plan. I’m so glad you are in a better position now. I don’t think many people have been as smart as you have been about it. Good luck!