110624140_3c21d104d8_m“Recession is very likely to be over”, Mr. Bernanke said on an interview last September. But what does it mean to millions of Americans that have been displaced of their jobs–with no turning back. According to the Newspaper Association of America, the number of people employed in the industry fell by 18%, the auto industry was hit the hardest in October, with 13,420 layoffs announced and studies show that Real Estate job losses will extend through the second quarter of 2010.

Even after the recession ends, it is going to take double the time to get people back to their jobs. With this in mind, it seems to me that the smartest thing for us to do is to take control and get a new perspective on how we can make a living.

The era of securing a job for the rest of your life is over. Welcome to the era of re-inventing yourself. There is no better time to find your passion and monetize it than this one. The only people that will survive are those that are taking the economical crisis and creating opportunity to change.

I know of many successful people that once had the perfect career and had to look for other ways of making a living, they moved fast and are now enjoying the pleasures of exploring new territories and learning new skills.

Easier said than done, I know it could be a challenging thing to do {but not impossible}. Remaining flexible and adaptable in a time of change requires of some emotional intelligence skills, which help you maintain a positive attitude and self-control in the face of upsetting emotions such as the loss of a job or business decline. It also involves taking charge of the mental self-talk that goes on when you encounter challenging moments {You are not good enough…sound familiar?}

Progress is impossible without change, and those who cannot change their minds cannot change anything – George Bernard Shaw

A great way to deal with change and move forward is by facing it and taking action.  You have three potential courses of actions; you have the potential of altering the situation, altering your behavior or altering your attitude. If you think you can do none of these, feelings of impotence, hopelessness and victimization are at to defeat you.

If you are facing change, the following questions can empower you to look at things from a different angle:

Describe your difficult situation: e.g., You have been laid off or your current business is no longer viable

How can I alter the situation to make it less difficult? If so, how?

Actions you can take:

  • Make plans to find a new career or business
  • Make plans to expand or diversified your services/products

How can I alter my own behavior in response to the change?

Actions you can take:

  • Research on the reasons your industry is being affected
  • What are the opportunities for growth by transferring your currents skills to a growing or expanding industry of your dreams?

How can I alter my attitude towards the change?

Actions you can take:

  • See the situation as a chance to grow and depersonalize it by not thinking you are the problem. This places a blank canvas full of opportunities in front of you.

By Identifying some potential actions gives you the energy, positive focus, hope and control.

Sources: Economist, CNN Money, The Real Deal, WSJ.


Zen Habits has posted a great article on The Simple, Ridiculously Useful Guide to Earning a Living from Your Passion.

Picture by: jvoves