Drive Your Career:  The Recession

Drive Your Career: The Recession


As a country, the US has weathered thirteen recessions since World War II. As a firm in business over thirty years, we have ridden out economic twists and turns.?Our firm’s inception was in the midst of the S&L crisis and Gulf War recession.?The overinflated values of the internet starts ups in the 1990’s created the dot com bubble, causing a recession as the companies lost funding.?This included companies addressing “Y2k”, a promise to address feared computer malfunction once our calendar went from December 31, 1999 to January 1, 2000.?And of course, we will never forget September 11, 2001, the “Great Recession” of 2007-2009, and Covid’s impact in 2020.

Productivity is a consistent theme that has carried our country through historic volatility.?As the news confirms the label on our current economy as recessionary, today I share advice on how you can drive your career through these "turbulent" times. ?

  1. Performance. Double down on things you can control about the situation.?If you are working, give more than is requested of you. ?It is not unusual for mediocrity to creep in with times over economic expansion, when business is booming.?As conditions change, you will need to work with greater intention, commitment and focus to achieve results.?If you are not currently employed, strategize your job search with these tips. ??
  2. Focus.?It is a good time to evaluate and scale back personal and professional distractions.?Take inventory on how you are spending your time, and ensure all your initiatives are moving the ball forward. ? Consider your output and connection with the team. Many organizations are returning to office with less remote work to increase collaboration and productivity. To this point, fear and rumors can be the greatest sources of unproductive distraction, stand guard.
  3. Finances.?Assess and review your financial health.?Are you overextended?? Where can you cut expenses to minimize financial pressure?? Getting clarity on cash flow can help you minimize stress of the unknown. ?Recessions are temporary, map your financial planning accordingly.
  4. Market.?What area of the market do you focus, and is it one of expected growth??The reason our firm has remained healthy through economic swings is because we stay focused on what is next, not only what is today.?Read about your market and where the growth is expected to continue, and focus all efforts in becoming a valuable contributor to the future. ?
  5. Resilience. Remember that in every circumstance in history, recessions eventually end. The expansion begins and the economy begins to improve. It is ok to acknowledge this time, but do not let it paralyze you.

The reality is a recession can offer an economic cleansing and refocus. Those able to work deeply and thoroughly in a recession earn mastery of work and value for their customer base and partnerships. Focus, work hard and intelligently, and stay ahead of where the market trends are going. With this approach, you will come out of this recession stronger.

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Jason S. Weiss, Esq.

Best Selling Author ?? Fractional General Counsel ?? Attorney Growth Coach ?? Lax Dad ???? 20+ years as Deal Maker ?? AskJasonWeiss

2 年

Focus on what you can control. Love it Holly Scott

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Gordon S. Kerman

IT Manager / CyberSecurity / Software Dev / IT Engineering Manager: Science, Engineering and Manufacturing

2 年

Holly, you would make a superb software developer; given your comprehensive design of articles and manner of developing your own style of presentation. While I have met with a number of life lessons that would have made businesses stand out (during the times mentioned), and gained ground on their existing customer base; had I not chosen a complete alteration in environment; I'd most certainly have missed the life lessons. When we choose a common language to express ourselves, we are all seen in the same light. No matter the angle of our life experiences, the same wording doesn't adequately design a new approach. Therefore, the approach must be designed to alter the environment. Remember that everything that we experience in life, is taken in measure of our surroundings, we are a product of our environment and our knowledge is associated with that. Taken a step further, an approach is a verb, so it is an action within an environment. The approach of a recession is learned, much like you as a child seeing your mother/father react to a spider. However the reaction with the Dorobo tribe, would be to chuck it in the fire, for a snack. Therefore our approach to create an environment, needs to read your conclusion :}

Adriel Dunn MBA, PMP

Chief of Staff | Supply Chain & Logistics | Rockin’ the Dad Life

2 年

Holly, I agree that this is prime opportunity to increase your value to customers, by better supporting and serving them. Acknowledge and remain cognizant of external circumstances, but fear has no place at one’s personal decision-making table.

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