It is always true to admit an unexpected recession but the intensity for everyone is completely different from others.
While you are working in any of the company whether your job role is technical and non-technical you still in a dogma of losing your job because of undefined reason.
Yes! None other than valid reason nobody can fire you from your job. Moreover, if you are having ready to do face uncertain actions with your backup plan that’s fantastic.
Our mind always keeps ourselves safe from upcoming calamities/problems. Someone if able to find the best solution for the ongoing or upcoming problem in the real sense that personality is the hero and corporate world these people known as Entrepreneurs.
If you fall under the category people who are optimistic and ready to hone their technical as well as non-technical skills. Find the opportunity in those problems because problems with the solution are the first step to identify the trait of Entrepreneurs.
It is also forecasted by some of the market research company and business news channel about the recession won’t occur till 2020 but worried about the existing & upcoming fluctuations in the stock market always keep high our anxiety.
- 1 Know! How you can make money by recession-proof businesses to start
- 2 Check out the useful platform
- 3 Manage the financial backup
- 4 Assign yourself daily business homework with a deadline
- 5 Learn and execute the business strategy:
- 6 Take a review test for both existing skills and networks
Know! How you can make money by recession-proof businesses to start
Have a look upon the certain indicators of recessions:
Most probably during the recession time employers used to cut costs while eliminating or suspending and identified as a no longer useful resource for the employer. Here we would like to represent some steps you need to follow during the downturn.
Check out the useful platform
The beauty of the IT industry i.e. it never sleeps and never you gonna as well. Similarly, the money never has any bar to limit you from earning. It is right away and next to you. As you do on daily basis in your office for the client.
A bit interesting to find the right platform where you can make hourly income. Say for example check out the freelancer platform such as Up-work, Fiver, and other offline clients as well.
It’s up to you and depending upon your calibre and potential to entertain the number of clients.
While recession comes to our doorstep it also brings the happiness to prove our knowledge and another chance to use our skill set and following law of survival of fittest you can use the same problem is an opportunity to become an entrepreneur.
Without taking the calculated risk no one is not able to achieve anything and 71% of survival of business become possible with a continuous cycle of fail and win. You definitely fail more than you success while you gonna something new.
What you achieve after a long-term investment of daily day and night working, you better now your business grow and keep a billion dollar smile on your face. Every time when you are putting efforts and working somewhere you pushing your dreams into reality.
Manage the financial backup
Why this we are talking about because when recession come then you can also become the victim of that by losing your current job. And at the same time you need to find the same job but unfortunately, you would not be able to get the same salary package job in the same domain.
The consequences of the recession might be unpredictable but at that time if you are managing your monthly expenses and cut down the unnecessary expenses as well, will help to you keep stable your mental and financial peacefulness.
Assign yourself daily business homework with a deadline
Now! Exactly, you need to treat yourself as employer and employee at the same time.
You are the boss/leader and executive for your daily butter and bead. Likewise, you can keep yourself in the discipline in this downturn condition. From every prospect whether managing financial expenditure, identify the necessary changes need to make in order to achieve your final goal while working in this digital marketplace.
Review your every step and count for return on investment that you made in terms of time, money, personal, professional and others.
Learn and execute the business strategy:
Since the last job to till now you are jobless, all of sudden you learnt from your manager, colleagues, clients and even from your local environment, refined all the knowledge and try to interlink them in order to find some valuable resolution for the existing problems and well-managed them. Re-evaluate your knowledge and find the right match of freelancing opportunity.
Take a review test for both existing skills and networks
Definitely, before you are going to face the recession consequences, you need to upgrade both technical skills certainly an area of technical freelance demand, such as robotics and the internet of things, AI and machine learning, the blockchain, data science. and expand your existing business network.
When the sun is shining then it is the right time to get ready for a gloomy condition. Continuously working on the business network also have an importance to facilitate freelancing as a career opportunity.
Conclusively, ask yourself how lucky I am to be a freelancer in this recession period. According to your skill set you can do job search in your domain of interest.
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