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Coping Strategies for Hard Times

Monday, June 1st, 2009

The economic meltdown is old news. The decay of the housing industry has been talked to death. Sometimes life is just hard, so what are we supposed to do? How can we move from whining and victimhood to coping, achieving and succeeding?

First, beef up your communication skills. In order to get what you need in life you must be able to express yourself. Great communication skills are what help you ace job interviews, meet interesting people and sell yourself and your ideas. Employers expect you to be able to talk to customers, solve problems without resorting to slang or vulgarity and write up readable reports. Potential mates (or dates) want someone who listens attentively and responds empathetically.

Nurture your relationships, both personal and professional. We all need moral support to deal with hard times. In addition, solid supportive relationships help us move on to new challenges-mastermind groups are an excellent example of this. Resist the urge to fold in on yourself when you suffer a setback. If you lose your job, your business fails or your marriage is in trouble, now is not the time to cut yourself off from the world and just “stew.” Try to invest in relationships for their own sake. Don’t be tempted to size people up in terms of potential client leads or what they can do for you.

If you own a business increase your commitment to customer service. It’s easier and cheaper to keep a current customer satisfied than to go harvest a new one from the universe. Hard times make people second guess their spending decisions and hold tight to their money. You need to be offering clear value. Answer your emails promptly; phone messages too. Don’t let complaints go unattended. Think about going the extra mile and adding value. Reward customers who give you referrals with product or coupons.

For those times between jobs — concentrate on becoming more well-rounded. Lots of employment agencies tell the unemployed to look at the job search as a full-time job. The problem is that the more narrow your focus in life, i.e. getting a new job, the less interesting you become and therefore less desirable as an employee. If you haven’t read a book, been to a social engagement of any kind or done any exercise you are going to arrive at your next job interview a boring, stressed out and tired person. This is hardly the kind of candidate that screams “Hire me, I’m the best.”

When the going gets tough-the smart get social. Good communication skills and solid relationships will help you to weather the hard times ahead. Continuous self improvement can make the difference between getting ahead and getting left behind.

Karen Southall Watts is an entrepreneurship and management trainer. Karen travels all over the country to teach workshops to new business owners and leaders. Over the years Karen has expanded her work to include lifestyle coaching and communications training. You can reach Karen at http://www.karensouthallwatts.com

Article Source: http://EzineArticles.com/?expert=Karen_Southall_Watts

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Applying the Lessons of Financial Disaster

Wednesday, January 21st, 2009

Editor’s note: this is the first in a series by author Tom Bishop. You may visit his website at www.myleftone.com.

Chapter 1:

For the last several years, I have experienced just about every financial disaster that can happen to a person. You’ve heard about mass layoffs, business failures, foreclosures, and bankruptcies. Families going through these situations feel extreme hopelessness and fear, and they come out on the other end somewhat different. A lot of their experiences are common. They’ve all heard bosses say things will turn around. They’ve all heard TV pundits call them whiners. They’ve all heard friends and family tell them they were being pessimistic, that it can’t really be that bad, that they were just angry, and that they should get a grip.

I heard these words, and it chafed every time. For me, the only upside to today’s global economic collapse is that I went through my trials three years ago, and view today’s downward spiral a little differently than most. Now, I can simply point to the television and say “See? I wasn’t making this up.”

This puts me in a unique position to share what I have learned.

I don’t offer these stories as someone who has been wildly successful in business. I do not come from outside the tenuous situation a lot of workers are in right now. I come from within it.

This series will illustrate my experiences and the lessons I took from them. Everybody who has been through a personal financial disaster has something to share from their experiences. That’s why it isn’t hard to find advice that will tell you to cut back spending, find a support network, and above all, stay positive.

I don’t see the need to repeat that advice. Much of it is common sense. And as for staying positive, you will have moments of absolute despair. It is not unhealthy. It would be unhealthy not to feel desperate, given the circumstances. It is healthy to share this feeling, and not hide it, with those who are close to you. It is also healthy to feel differently about things after the smoke clears.

There really is no going back. Your new experiences will become a permanent part of your personality. We are all the sum of our experiences, good and bad. What we take from these experiences, and what positive things we can do with that information, is what matters.

I guess that’s the first lesson.

I’ll tell you about me, and what I’ve been through. Or, what my family has been through, since my wife was and is always present in these experiences. A partner is someone we need — as Susan Sarandon’s character says in “Shall We Dance” — to be a witness to our lives.

During the past decade, I have been part of at least eight startup companies. None of them became a household name or an Internet sensation. These companies were more realistic. Some continued on to become marginally-sustainable businesses, while others crashed and burned completely. All of them brought new lessons about business how-to, and how-to-not.

In this series, I will discuss:

- Run For Shelter: How to see a layoff coming

- The Perfect CEO: What personalities and backgrounds make a good business leader

- Pick a Winner: How to guess whether a company will survive a crisis

- Patching the Quilt: How to craft a sensible resume from the shards of a career

- Climbing Back: The keys to opening a sustainable business

The next few years will make or break the livelihoods of many who have been trampled by the recent economic meltdown. What government does will play a role, as will what investors and business leaders do. After that, there are social changes, global threats, and even weather events. How these affect us will be out of our hands. Our minds were never designed to worry about everything. As individuals, we should only worry about what we can control.

That’s lesson two.

This is offered in the spirit of building a better community for people in the workforce and those who are temporarily out of it. For those who are lucky enough to still be in a job, the next installment will cover the ways to see a layoff coming.