How do you prepare for economic & emotional impact of pandemic?
Rakesh Rana ??
??Helping 100,000+ Mid-Career Professionals Rise to Top Salary Executive & Leadership Roles On Fast-Track thru Coaching & Mentoring??The Executive Coach @Risers & Executive Leaders Club??Book FREE Session??
Economic repercussions starting to show off due to recent outbreak, one of the contact said, he's getting laid off
Right from small businesses, Professionals, solopreneur to big Business are getting impacted
Moreover, I continue to get the messages of not for how many cases of virus affected, but how many people getting affected by the after effect of it
Many people, who are not even contracted the disease will pay the price of this situation
Many are sole bread earner, & have no financial condition to sustain pressure of this uncertainty
In such a situation, the prudence for every business leader, executive or professional is to ensure they are not being a part of that victim group, &
There will be a lot written about the virus, its impact, its pandemic effects and so on. I thought it's also essential to let people know economic impact of the virus situation
If at all you become victim of the situation, here are the 10 things you must do to maintain your financial, emotional & physical stability:
1. Ensure you start putting up your career blueprint & identify skills that you know & that you need to develop in the situation of layoff
2. While panic & fear will be constant during this situation, it's important to recognise these feelings, but don't react to it. Fear is the bigger most virus that we carry throughout the life. It kills more people than any pandemic can kill
3. Find out how can you adopt alternative professions, freelance work, or consulting or other work that you love to do - this is required for financial stability esp. when you are exploring your alternate job
4. Redo your entire budget for the year, cut down all wants and lifestyle expenses temporary, & build budget basis necessities for your family & near ones
5. Ensure you build a safety fund for 6 to 12 months out of current available funds, because this will help you sail through emotionally during this lean period
6. Ensure you negotiate your EMI or other liabilities with institutes, for lower payout temporarily or restructure the loan so that your liability reduces temporarily
7. Upgrade yourself by investing in some self development that can help you financially & emotionally to come out of this situation
8. Draw your network chart, & find out what all things you can do, & who do you need to get in touch while you cope up with this situation
9. Make sure you do practice some silence & meditation techniques given the anxiety that you would go through. This is mandatory, because your
10. Share & explain the situation in family & tell them to support rather than build pressure emotionally
While we may overcome this situation temporary through various measures, we must ask ourselves, if this is really a major pandemic in our life?
Major pandemic is
- Mediocrity
- Being average
- Being not aware of what you want to do in life
- Being not able to do, what you love to do
- Trading your time for money & even not knowing value of your own time
- Not knowing your worth on this planet
- Being not ready for such situations emotionally, financially & physically
- Not having the skills that will help you overcome any situation
- Not building your financial freedom
- Depending on others for your progress
- Not enough people knowing you to get alternative options
- And list can go on...
Is this pandemic curable? Yes, many have done it ! They are not worried about this pandemic because they have notional loss in stock market or have lost some income here & there.
It is time to wake up and realise that we as business leaders must build financial confidence & build wealth, influence & growth basis financial freedom & multiple streams of income!
I was a victim of this second pandemic for long 17 years, & I got my prize of being a victim of it
It took me 24 months to understand success principles to build my business around my passion, finding my life saving purpose & also create multiple income streams with financial confidence leading to financial freedom
It took lot of blood,sweat & tears to build what others took years to build, with the help of right guidance, right massive actions, & right mindset
I have built this ecosystem, where I have multiple streams of income, moreover, I am able to add value to so many people today in finding their calling, bringing out of mediocrity, & failures
If you are wondering that Raakesh, how can I do it? Let me tell you, if I despite all the odds against me, coming from a poor backward family could do it, I am sure you can do it as well
I share my 5 steps blueprint, that I have followed, & all my mentees have been successfully using this blueprint for their success
I will share these secrets in the webinar on 29th March for almost free. Just for Rs. 199/-
Some people are skeptical as to why for Rs. 199 only. Because its worth is much more than that and obviously I want only serious, action oriented people.
You would get all Practical steps - NO BS blueprint for your success and 10X value and gifts during this online workshop.
As we are doing it for almost free, so needless to say that seats are limited.
We already have 21 people registered in the last 4 days. Do not miss out!
29th March 11am to 2pm - REGISTER NOW
To Your Growth,
Raakesh Rana
High Performance Strategist For
Executive, Entrepreneur & Business Leaders
Mid-Career Transformation Thought Leader
I help Turn Mediocrity & Failure to Purposeful WIG Life
??Helping 100,000+ Mid-Career Professionals Rise to Top Salary Executive & Leadership Roles On Fast-Track thru Coaching & Mentoring??The Executive Coach @Risers & Executive Leaders Club??Book FREE Session??
4 年How you manage finance decides your wealth creation, how many agree?