Self-help Guide To Being Successful In Challenging Times
Secrets and techniques for Succeeding in Tricky Times
"Success is not final, failure is not fatal: it is the courage to continue that counts. (Winston Churchill)
I couldnt have put it better Winston. When examining how to go about making money in the worst economical slump since Churchills era, determination is just one factor you will need to consider.
And if you keep reading youll soon learn what skills you will need to start earning money in the economic depression. (As that lady in Allo Allo says, I shall say this only once!)
Firstly lets paint the picture of how complex it is out there. As budgets and companies are continuously curtailing costs this means inevitably that there is not enough work available for everyone.
Staff cuts have to be made as a prerequisite in order to reduce costs accordingly. The financial community has been the worst sector affected since the beginning of the downturn with jobs going by the hundred including the recent spate of job cuts at the Royal Bank of Scotland.
Its like a snowball effect that keeps on spinning out of control. Furthermore as the sheer numbers of jobs available become less, the number of prospective applications goes up at a rapid rate. In a few sectors youll be lucky enough to just make tea as the employment market is now saturated.
People are so desperate for work they will do anything (even for free) just to gain that vital work experience. However its a different story if you do have bills and a mortgage to pay!
However if you do have enough to cover urgent payments you still cant afford to wind down, especially if you have just been made redundant or have been in search of work in the worst economic climate in post war Britain.
You might also want to consider the number of graduates qualifying annually which just adds to the countless piles of CVs, employers have to sift through due to the UKs saturated job market.
For instance just to give you some rough data there are at least 20 applications for every role in big financial firms just like Accenture and Deloitte.
The media industry is extremely brutal with up to two or three hundred applications for every role (I have even heard stories of a mammoth seven hundred applicants for just one position!)
Some jobs dont even get publicized so you really have to be quick off the mark when sending off to a prospective employer.
Yet dont let this deter you. Have you had plenty of applications ignored? Been to interviews and not quite making the cut? As Winston once wisely said failure is undoubtedly not fatal!
One skill one should possess in order to succeed is courage - to carry on in the face of adversity, although you may have exhausted all avenues because sooner or later youll make it.
Despite the current economic slump there are actually things you can do to achieve that ideal role or make serious bucks. Now Ive grabbed your attention listed below are my pointers to ensure success in the current climate.
Be Determined
Now Im sure you have all heard the phrase if at first you dont succeed try, try and try again... This will serve you well here.
Compose a list of the companies you want to target and ensure you obtain the most relevant contact name in each business.
Send a speculative email. Besides what have you got to lose! They can either respond or not. Once you've achieved the direct link follow up with as much correspondence as you possibly can.
This may lead you to arranging a not so formal meeting. They may not have anything presently but at least they can put a name to a face so they know if something comes up.
The alternative route is to push down as many doors as is possible, well not literally. Put yourself about, go into places with your details and enquire about job openings. Endeavor to get yourself out there and sell yourself. This is what the books dont teach you.
If you have the necessary skills and believe in your own ability, (if you dont who else will?!) then options will come your way. Put into practice what you have done previously and most importantly what you have achieved and how you can add value.
People currently are more concerned with the practical experience rather than qualifications in some industries.
Use this to your great advantage and most importantly have a positive mental attitude (PMA). This is aspect is particularly key as a recent Metro article cited negative body gestures as an undesirable quality for possible employers.
Network
This is the current buzzword thats sweeping through various UK sectors. After all its not what you know its who you know! This is even truer in the current situation where there is a scarcity of jobs.
People really want to do business with people who they have met and more importantly like. Its just a simple fact.
The sharp burst of networking companies, breakfast gatherings and evenings is no surprise in the depression. People want to find more ways of doing business and winning new clients. To do this get yourself along to as many meetings and events as you can and...Network!
The so called elevator pitch is also crucial in winning potential new business. Imagine yourself going up in a very quick lift.
As people have limited time you have to get across what youre about, what you will be offering and how other people might benefit by the time they reach the top floor. Got it?
A brief sharp personal introduction will go a long way. I hate to coin another phrase (Well I am anyway) but first impressions do count. Business is not simply about transactions but instead is more focused on building relations.
This will stand you in good stead especially if you have been personally highly recommended. If you have performed well for an employer then the chances are they will speak highly of you to other men or women.
For that reason this will create lots more opportunities to win clients and earn new business. In essence, the more people you speak to the more prospects you will have of attracting new work. Consider 4Networking who run over 250 networking groups all over the UK and currently has more than 25,000 members!
Entrepreneurial Spirit:
If you really want to make some serious dosh then there has never been a better time to start your own private business. A lot of people say starting up in a recession has only benefitted them.
There are more bargains to be had especially if you are thinking of buying commercial office space. As asset prices have dropped buildings and properties can sometimes be purchased at a knockdown price.
Because the market is saturated and over qualified people out there become increasingly more available, you can get highly talented workers at very reasonable rates.
Worried nobody will take you seriously as you are a start-up? Alleviate those fears right now. Whilst the market place is incredibly competitive there are always companies looking for new and exciting partnerships, so its no harm to be the new kid on the block.
As long as you can approach people with your product or service, show that its distinctive and innovative and why you believe it has amazing potential the chances are endless.
By also slightly undercutting the competitors but making sure the service or product you offer is still high quality, people will begin to be very interested in you as companies are usually after a good price. Plus you dont need any swanky transparent glass office to get started making your fortune from.
Take for example the fire breathing dragon James Caan who began in Mayfair out of a room the size of a shoebox. He then went on to form Alexander Mann one of the leading HR outsourcing companies in the UK with a turnover of 130m. It can be done!
Back to School:
Studying a new skill is crucial to the number of possibilities you may have in making profits and finding potential business opportunities. The more strings you have to your bow the better chance of succeeding.
If you are finding it challenging to land that role for the time being then honing your pc skills or learning a language can do wonders for your job prospects.
People with IT skills can make some serious dough as with modern technology evolving these workers are becoming more in demand and can charge high consultancy fees to boot!
Employers are seeking people who are really driven and can add several strings to their bow by way of incorporating several skills. By acquiring new abilities this will make you even more appealing to potential people.
From City Boy to Del Boy
You can always start selling tons of stuff on eBay! It worked out rather well for one chap who didnt turn out to be such a plonker!
Anthony Ponsford aged 40 agreed to quit his 55,000-a-year job to become an eBay trader and is now set to make his first 1million as a modern day Del Boy.
You see what some courage does?! It has proven extremely worthwhile for the former lawyer after becoming disenchanted with the tough working hours and corporate lifestyle.
The reality is he rejected the chance of becoming a law firm partner which would have netted him a cool half a million pounds.
As an alternative he began selling camera and phone memory cards from his bedroom. He then created this into a business with former university friend Marcus Caston and started importing bric-a-brac items such as like desks and even pet furniture from the Far East.
He turned himself into a modern day Del Boy by purchasing anything and everything from gazebos to cat scratchers.
His company, Piranha Trading - which sells on both Amazon and eBay, is set to make 1.3million in sales this coming year alone.
'When the value of the pound dropped 40 per cent against the dollar I was fully expecting this business to fold. But weirdly, I think it actually helped because people were still thinking about purchasing things like computer desks and office furniture but were now after more of a good deal. He said
So fundamentally the credit crunch significantly helped Ponsford as a new start up. He found his niche and differentiated himself from the market.
And with bags of dedication he set up his company which is now reaping the financial rewards. Do you think he has the complete Only Fools and Horses box set on offer?
In summary if you want to start making money in this financial turmoil then consider my handy pointers previously mentioned which I am sure will help you on the way to achieving some of your targets.
There are many underlying factors which of course we cant control luck and timing being two of them.
If you still find it hard going and times are still really hard out there you do have other choices available to acquire some instant cash. Id advocate checking out Payday Power, one of the leading payday loans companies on the market. They can assist with short term cash flow problems and better yet you could possibly borrow anything up to 800 to keep you going!
However if you keep persisting, talk to enough people and ensure you distinguish yourself from the pack then chances will come your way eventually. So what are you waiting for?!
by: thomthom101
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