Here's how you can navigate your finances during a CRM layoff.

1. Assess the situation and what is the current position of your finances and make the decision accordingly. If it's worrisome try managing it through the different freelancing or contract jobs for a while. 2. Keep learning and upskilling yourself through cost-effective resources and use them to your best advantage while preparing for an interview. 3. Document whatever you learn and you can also use that in teaching someone and charging a suitable amount as per your experience and expertise as well which becomes a win-win situation. 4. Use your network to get the open job roles and people seeking for CRM roles and you can fill that up by confidence, expertise and experience.

Assessing your cost of living DURING a layoff in the CRM industry is TOO LATE… and that’s why you should manage your cost of living and adhere to a budget you wisely designed BEFORE adversity hits you in the face with a baseball bat. I used to live in a big city and have a very high cost of living. I Googled where the cheapest cost of living was in America, visited the next morning, and moved here in 2021. I live on a small budget; paid off my car, paid off all credit card debt, and I’m paying off a massive student loan for my MBA to be debt-free and have a very low cost of living without any payments. Assess your cost of living before you’re in a desperate situation. Be MONEYWISE.

A CRM layoff disrupts finances, but stay calm! Budget ruthlessly, prioritizing essentials. Apply for unemployment benefits. Negotiate severance and talk to creditors about hardship options. Consider freelancing to bridge the gap. Update your resume and leverage your network. Don't hesitate to seek government aid if needed. Finally, if necessary, explore government assistance programs or non-profit organizations that offer financial aid. Remember, this is temporary. By managing your finances, actively seeking new opportunities, and utilizing available resources, you can weather this storm and land your next successful CRM role.

When facing a CRM layoff, managing your finances carefully is crucial. Start by reviewing your budget to see where you can cut unnecessary spending and focus on essential expenses. Try to save enough to cover your living costs for three to six months. Look into unemployment benefits and any severance pay you might get. Think about consolidating your debts to lower your monthly payments and interest rates. Updating your resume and LinkedIn profile can help you find a new job faster, helping you get back on your feet sooner. Staying proactive and getting financial advice can also help you manage your money better during this time.

Understand the details of your severance package, including the amount, payment schedule, and any benefits that continue during the layoff period. Clarify any questions with your HR department to ensure you know what financial resources are available to you. This knowledge will help you plan your finances and bridge the gap until you find new employment.

Apply for unemployment benefits as soon as possible to provide temporary financial support. Research the eligibility criteria, application process, and the amount you can receive. Utilize these benefits to help cover essential expenses while you search for a new CRM position. This aid can provide a financial cushion and reduce stress during your transition period.

Investing in your own skilling up should be a LIFESTYLE, not an emergency ?? You should have professional-development goals that YOU set for YOUR own self. Many people tell me they only do what managers tell them to do. Why? Don’t you have the right to own your own mind? Can’t you have your own sense of agency over your own career? Why not design your own vision and get excited about your own future? A vision helps you with skilling up. Don’t wait until you face adversity and hit either a career emergency! Skill up intentionally and consistently in a PROACTIVE, not reactive manner. Design a learning lifestyle for yourself and enjoy skilling up for the sake of your own career vision because YOU ARE WORTHY of the effort it takes.

Your network will absolutely NOT help you navigate your FINANCES during a layoff in the CRM industry. Your finances are your responsibility, and you need to recognize it today, so that you actually can take responsibility for your finances and practice a sense of agency over your finances. Get on a budget. Be frugal. Cook your own meals. Shop for your own groceries. Do your own cleaning. I cut my own hair for free. I dye my hair at home with cheap and super-healthy Iranian henna for $2. I do my own manicure ???? and pedicure for free. Be MONEYWISE and don’t anticipate that your network will help you navigate your finances during a layoff. Be ready so that you don’t have to get ready!

Doing projects in the CRM industry can pay your bills if you are entrepreneurial and have a strong work ethic. Be industrious, open-minded, and clear-headed. Firmly state your prices, be consistent, diligent, and customer-oriented. Add extra-value, and you’ll see repeat business, which is great for you long-term. Ask for recommendations and referrals to amplify your opportunity. Always deliver great service and walk an extra-mile, wow your clients with work, and you will have plenty.