When you visualize “this economy” – what do you see?
People standing in bread lines?
Huge unemployment numbers?
Dramatically sinking 401(k) numbers?
I hear remarks about “this economy” as if it’s a totally different economy from 2 years ago.
No doubt it’s changed – but personally, I think it’s changing for the better.
Let me explain:
First off, I’m not happy about people losing their jobs, or losing their homes, or anything like that. But despite these occurrences, I think the economy now is healthier and in better shape than it has been in a long time.
First - plenty of companies are making plenty of money. One of my own personal companies is on track to double revenue this year. It’s a business that depends solely on consumer discretion and excess capital to take advantage of it.
Then there’s Wal-Mart, which has increased in-store sales 5%.
And as far as unemployment is concerned, I think the numbers we are seeing are skewed. Sure, unemployment might reach 10% in the near future, or even more.
But many of those unemployed are CHOOSING to be unemployed. As corporate execs and long-term employees are getting laid off, they are taking the severance pay or savings and either starting their own business {a good thing} or starting down a completely different career path.
A great example of someone choosing to hold out for the next move is former Wal-Mart CMO Julie Roehm, who turned down several CMO opportunities in lieu of starting how own gig. Racking up close to a million dollars in credit-card debt didn’t discourage Roehm from her mission of starting her own business.
Another factor – many College grads have been indoctrinated to think that just because they attend school, they are entitled to a good, high-paying job. So many college grads hold out for the “right” job.
All this while these companies are hiring {right now} in this economy.
And these.
And these.
So – there’s plenty of companies hiring, plenty of job opportunities available. A person might have to take a short-term pay-cut {OMG! The indignity!} while they get their plans together. But it doesn’t mean there’s not plenty of money to be made. It just means that you probably won’t be able to pimp a Tim Ferriss 4 hour work week while doing it.
And that leads to the title question: How Do You Make Money In This Economy?
Answer – Provide Value.
You can do that most easily by providing value to a company – see any of the hiring companies above.
You can also start your own business. If you’re low on capital, you can start a home business. Here are some free home business ideas to get you started.
Personally – we dig the home business model. It’s relatively low-risk, as you can get going for a couple hundred or couple thousand dollars. Peanuts compared to the normal start-up costs of creating a business from scratch.
If you want to start a full-on enterprise, you want to make sure you are well capitalized. Here are some ideas for securing financing for your endeavor.
Finally – you can provide value as and independent contractor. There are several companies that are acting as intermediaries and playing matchmaker between a company in need of a service and a service provider. A great resource is Elance, as well as Guru.
You can also join Mechanical Turk as a worker, and provide service right from home. I use all these services – I even use Mechanical Turk to get people to view and comment on THIS very blog. Why? Because it is inexpensive exposure for my blog, and I get great posts and questions regarding the material being posted. The poster get’s paid to read and post on a blog. They provide value, and I’m happy to pay for it. FTW!
Technology is changing our economy faster than any other external factor right now, and I think it’s changing it for the better. It allows a more efficient distribution of value-added services to clients who need them and providers who sell them.
I also think it is waking people up to the fact that they cannot depend on a large corporate structure to take care of them for life – in other words, they see the need for entrepreneurship and taking charge of their OWN financial future. This type of empowerment is both beneficial and necessary – even if the catalyst is “this economy”.
Peace.
July 2nd, 2009 at 7:56 am
I learn t some important things regarding the business..
July 2nd, 2009 at 9:35 am
I completely agree with the comment that many unemployed people are choosing to be unemployed. My sister used to have a great job ($15/hr) and now refuses to apply for anything under $12/hr. Yes she’s worth that much but anything is better than nothing.
July 2nd, 2009 at 10:49 am
@Pradesh – Good!
@ Tamera – Agreed – I think that’s a big part of the issue – the fact that people confuse their “worth” with what they are paid. It’s lame to take a pay-cut in a strictly practical sense {who wants less money? NOBODY} but when a person views their paycheck as a reflection of their intrinsic worth and value, then it becomes VERY difficult to accept a lower-paying position.
July 2nd, 2009 at 11:04 am
First, I don’t think that Walmat growing in sales is good. This means people are at least feeling like they need to spend less money so they are going to stores that are cheap, have few if any worker’s rights, and have poor quality materials. This pushes out the smaller business workers and creates more unemployment.
But secondly, you are right about people and the jobs they are refusing to apply for. People complain about “illegals this” and “immigrants that”. But the fact of the matter is if these people did not work these jobs, fruits and veggies would rot on the vine. People have an entitlement issues. I am not sure how “low” this economy will have to go before people get a clue and start doing the “dirty” jobs.
July 2nd, 2009 at 12:45 pm
@Melz – I wasn’t attaching a value judgment {good or bad} to Wal-Mart’s growth – Just using it to illustrate the point that not all businesses {not even all big corporations} have been negatively impacted by “this economy”. Interesting perspective on immigration – thanks for contributing.
July 2nd, 2009 at 3:08 pm
While it’s true that some college students are holding out for the “right” job, a lot of them simply cannot find companies who are willing to hire people for entry-level positions. I finished college three years ago, and am lucky enough to work in a so-called recession-proof industry. However, a sizable number of my former classmates were laid off from their jobs in the past year, and many of them are having a hard time finding work in their fields. (In fact, I recently ran into a former classmate–a smart, hard-working kid who had been employed by a bank until this year–working the cash register at a Walgreen’s.) When it comes to many young people, I suspect that pride and entitlement have very little to do with their employment status.
July 2nd, 2009 at 3:40 pm
@Heike – good points, thanks for participating. No doubt the banking, financial services, and real-estate industry do not have the available entry-level jobs that were available a few years ago. But just because an opportunity isn’t readily available in a graduate’s particular field doesn’t mean an opportunity isn’t readily available. “Smart and hardworking” are good character traits – but in the emerging economy, “flexibility and adaptability” are just as important. Check the 3 links listed above with current employment opportunities – those aren’t the same companies on each list.
July 2nd, 2009 at 4:56 pm
In your examples of people choosing to be unemployed, not all of those people are included in the publicized unemployment rates. For example, corporate execs starting their own businesses are not counted as unemployed in govt. statistics.
And about your comment #5 above: Wall-Mart’s stability has everything to do with the economy — it exploits people in a poor economy. People desperate for work are more likely to accept Wall-Mart’s poor working conditions, and people who might otherwise shop elsewhere are forced to shop at a place like Wal-Mart. So you can’t discuss WM without “attaching a value judgment.”
July 2nd, 2009 at 5:27 pm
@Turkey – thanks for your comment and participating. Regarding your first comment – correctomundo – but it’s not just corporate executives starting their own businesses. I’m didn’t say all the unemployed are choosing to be unemployed – I simply showed that companies ARE hiring. Whether they are hiring in a specific sector, or for a specific career track obviously depends upon the expansion of the sector, maturity of the sector, demand for the career track, etc.
Regarding the second part – I appreciate your opinion, but saying I can’t discuss a certain company’s growth without attaching a value judgment {i.e., endorsing the growth} is like saying I can’t discuss a person’s weight problem without judging them for it.
If you re-read the article, you’ll see that I do not say Wal-Mart or their expansion is GOOD or BAD – I cite them as an example that despite current economic conditions {and the b.s. media about how everything is “bad” in the economy}, some companies are growing and even thriving. I could just as easily used Apple or the Apollo group as an example – http://seekingalpha.com/article/116995-three-thriving-companies-wal-mart-apple-apollo-group
If you’d like to debate the virtues or sins of Wal-Mart, simply Google “Wal-Mart good or bad” and you’ll find several websites and articles that entertain that conversation. The entire point of using them as a reference in this article is to show that many of the generalizations of the “economy being bad” are just that – generalizations. There are plenty of exceptions to that generalization =>> and Wal-Mart’s growth {Good, Bad, Evil, whatever} is one of them.
July 2nd, 2009 at 8:04 pm
I love Mechanical Turk! I had never heard of Elance and Guru. Thanks for the information.
July 2nd, 2009 at 10:30 pm
In the fast changes in technology, i am happy to know some details of making money from this blog. thank you
July 3rd, 2009 at 5:42 am
this is a good article in this period of time when people are in bad times of recession, various problems should be discussed and solutions should be posted, time spent on your blog is worth, keep the good work going
July 3rd, 2009 at 10:40 am
It is very useful to me. And it is improve my knowledge.
July 3rd, 2009 at 2:21 pm
I think there are plenty of companies hiring maybe at lower wages than some are accustomed to and may involve a bit of belt tighting.
July 3rd, 2009 at 7:54 pm
Hi,
I was surprized by seeing MTurk reference in the post. Actually, I came to this site because of MTurk. I like elance, guru and MTurk. But these are places where you get few cents or few dollars but you can not hit big way. I am not sure you can survive just on this type of work. Yes definitely helps bridge some gap but is there any market place where you can make living out of that? Would be definitely interested in that.
In case of myself, I had a decent paying job (more than $50/hr) but for whatever reasons company decided to let me go and now I am afraid to apply for lower grade positions. I wish I could get back where I was last year.
cheers..
July 3rd, 2009 at 9:05 pm
This is a good article. I learned a lot from this how to make money and i also knew so many tips. Thank you for posting this article.
July 4th, 2009 at 3:37 am
I read the article. It gives knowledge and understanding about this site. It is usefull for many unemloyed people. Thanks
July 4th, 2009 at 8:00 am
This is a great article! It held my attention and the link provided throughout were good points. Thanks for the valuable info! I love mturk!
July 4th, 2009 at 11:17 am
I personally have a small business selling handmade goods, and you are very right about value being one of the contributing factors to \’staying\’ in business during this recession.
It\’s been a tough market, but providing a quality product, great customer service, and I also believe that putting forth effort to gain repeat customers as well, is key to keeping business alive during tough times.
New customers are always great, but when you wow them enough that they keep coming back… that\’s how your business can truly grow, even during tough times.
July 4th, 2009 at 11:39 am
I am happy to know about Guru and Elance. Also your article about providing value to the companies is good and true.
July 4th, 2009 at 9:21 pm
Interesting points at the end about technology changing our economic future as well as the fact that corporate structures can no longer be expected to meet peoples\’ needs. Technology, the internet in particular, is surely a factor in the rise of entrepreneurship and the rise of individual financial control. Who knows what the future has in store?
July 4th, 2009 at 9:53 pm
My town is just now starting to see the economic problems. I think because I live in a town that is solely based around a US air force base. Everyone has a job on the base or somehow related to the base. Our teachers and nurses are starting to be laid off, but that is all I am personally seeing.
I too see this entitlement problem people my age seem to have. My brother is 21 and not finished with college yet seems to think jobs should be handed to him. God forbid he has to flip a burger.
July 5th, 2009 at 12:06 am
Hey man thanks for this post …..i am very happy to see this post….from now onwards i will start earning money….Keep rocking Man..
July 5th, 2009 at 10:57 am
I definitely see the economy contracting around here. I live in an affluent community, and the shiny new cars just aren’t appearing in peoples’ driveways the way they did a few years ago. We’re pinching every penny for the “just in case”. I figure at worst I’ll end up with a pile of savings if the economy recovers quickly. And at best I’ll better weather the storm than if I hadn’t.
July 5th, 2009 at 12:21 pm
Sometimes the problem is with the people. Lots of people tend to be very picky in choosing a job. Anyhow, you shared some important points through your blog. Thanks a lot.
July 5th, 2009 at 1:00 pm
Alas, I don’t entirely agree with the idea that those who are struggling in this economy are doing so by choice. All of the ideas presented assume several factors: a reasonable level of education with average to above-average intelligence; access to resources (personal, financial, business), a fluid local economy, and an entrepenurial spirit or relatively strong motivation. Those aren’t “given”s, folks. Those are the attributes of the lucky.
July 5th, 2009 at 8:24 pm
i completely agree with your article. this economy is in shambles. your money making ideas were very helpful. keep writing!
July 5th, 2009 at 9:10 pm
Making money in this economy is easy. You cannot circumvent hard work and carving out a niche for yourself. Many people whine and complain about how broke they are or that their adjustable rate mortgage is to blame.
Get over the negative rush happening in society!
I dig the at home business opportunity as well, but I am NEVER home! I am constantly meeting with clients or at an onsite visit supervising implementation.
MTURK is a great way to waste time and get paid!
July 5th, 2009 at 9:47 pm
This is really a very good blog in the current economic situation. You have provided lot of ideas for improving the economic status of the unemployed.
July 5th, 2009 at 9:51 pm
You definitely have to provide value. I am less optimistic than you, and I am frustrated that my degree in the sciences has yet to prove useful for a summer position, but I am glad to companies expanding and hiring and to hear something other than gloom and doom.
July 6th, 2009 at 4:55 am
I like your post since it is optimistic. It is true that there are a lot of opportunities for jobs and also to create a business. I wish more people take the risk to start their own business, but I understand that it is not easy. About jobs, it is true that some people are for example receiving benefits for unemployment and are not looking for a job because they are taking a course. There are lot of possibilities. And I agree that a lot of companies are making a lot of money in this economy, and it is also known that there are \"recession proof\" businesses.
July 6th, 2009 at 5:25 am
I didn’t know that walmart sales were going up. I’m shure though that people try to save a buck and go there. Atleast people are trying to get out of this bad economy.
July 6th, 2009 at 8:58 am
Excellent post! I agree with you completely. I think there is quite a lot of exaggeration and bad figures floating about when it comes to the state of the economy. In my area, I see places like Pizza Hut, Boston Market, shops and dry cleaners all hiring. Sure, the pay is not incredible, but people could work if they wanted to. This one dry cleaner in my area has had two positions open for well over a month now. There are jobs out there, but people are either choosing not to work either because they are enjoying unemployment benefits or because they have money stashed from their high-paying job and feel the jobs today are beneath them. Are there people that want to work but cannot seem to get hired? Sure, but that happens in a good economy, too! Still, there are ways to make money without being “hired” in the traditional sense – like you pointed out, money can be earned online. I earn close to $500 a month online. That is not nearly enough to serve as my only source of income obviously, but in addition to my job, the extra money is quite nice. I have to invest time and effort though, and that is the only way to get ahead in life and the business world. Creativity and sound judgment too, in the case of starting up one’s own business – something more people should give serious thought to. More work, dedication and money is certainly involved, but the rewards are far great as opposed to working for someone your entire life.
July 6th, 2009 at 10:26 am
It is a very well written post and it is very true that there are different types of jobs available giving different opportunities for jobs and also to create a business. I think this is a very good blog in the current economic situation.
July 6th, 2009 at 12:12 pm
I agree that the economy is changing for the better. Working for yourself is an excellent start. Everyone loves the word “free”, and when you can start a home based business without spending a dime first…what better way to provide for your family can you ask for?
July 6th, 2009 at 1:48 pm
While I think there are plenty of jobs available for people, I feel that there are cut backs happening within companies creating the fear of job security. I am glad to hear that you are putting options out there for people to explore. Being a college student I am always looking for random jobs that I can do on my time schedule. I am looking forward to “being my own boss” soon!
July 6th, 2009 at 4:03 pm
I am one of the few who is choosing to be “unemployed,” I had been teaching in a private school with declining enrollment and when I did not get my contract renewed I chose not to pursue another teaching position. I am starting an etsy shop, saving money by cooking from scratch and eliminating the desire to go out to eat several times a week, and I am working it out with a friend to watch her children for a few hours a week. These things don’t quite add up to my previous salary but I am much happier living a simpler life.
July 6th, 2009 at 6:25 pm
Every type of economy has jobs expanding and jobs contracting so the trick is to be flexible enough to adjust to those changes as mentioned in the article. However, in this era of increasing job specialization, that can be a very tall order for some. It seems like there may be an increased need for nontraditional education that would help people gain those new skills but the educational community is not geared for that at this time.
July 6th, 2009 at 6:34 pm
The detailed reports are very much usefull. However it is to be decided by the worker to choose an on line job which suits him and just not to think off the high payments.
July 6th, 2009 at 6:53 pm
You must not have met the folks I’ve met in the only state in the US that runs on a surplus. I’ve met people who have worked for 3 companies in 6 years, and lost all three jobs due to the companies going bankrupt and closing their doors. Businesses are shutting down right and left in my neighborhood. More and more people I personally know are falling behind on bill payments due to unemployment, reduced hours, and fluctuating gas prices. As the US dollar depreciates, our nation’s financial well-being falls farther and farther into a dank well of depression.
July 6th, 2009 at 7:22 pm
We’re definitely seeing a down in the economy. How far it goes is anyones guess as there will be shockwaves throughout several industries. What matters is if the government gets out of the way and lets the market adjust or if they step in and prolong the misery.
July 6th, 2009 at 9:46 pm
Excellent article! Experienced a lay off two weeks ago and I am feeling a little lost. It is nice to read something positive. I am going to check out some of the links provided in the article.
July 7th, 2009 at 3:22 am
The things you shared with us will be very useful & motivating for those lost their jobs in recession.very good work,please contiune
July 7th, 2009 at 5:34 am
I agree that the economy is very much dynamic.The very nature changes now and then.But it was a brave attempt to visualise making money in this changing economic situations.
July 7th, 2009 at 5:34 am
Blog looks great.Its a nice idea to place the videos in the homepage itself .It attracts all users to view your blog and to write thrie experiences and comments on your blog.
July 7th, 2009 at 7:07 am
@Tony – you hit the nail on the head. The key is flexibility, and the ability to adapt and evolve.
@ Tiffany – if you re-read the article, you’ll see that I don’t say that all employees are choosing to be so. I’m saying the stats are skewed, and don’t take those who ARE unemployed by choice into account. Businesses will go bankrupt, and {as politically incorrect as it might be to say} some businesses SHOULD go bankrupt. We live in a day and age in which technology is disrupting many of the previously-established economic boundaries {the music industry smashed by the iPod, the publishing industry being unsettled by the Kindle, etc}. The dangerous thing for an employee to do is NOT take the economy into account when pursuing a career path and employer.
@BillMoore – absolutely agree.
July 7th, 2009 at 10:00 am
The trouble with the economy is that outside the major players in banking, investing and auto makers, normal people are running scared. People have cut back on self-development because they are afraid of what “the economy” is going to do. Here in Oklahoma, if you take the auto sales tax out of the equation, sales tax collections are stable.
July 7th, 2009 at 10:32 am
WOW a great article indeed! Thanks for the wounderful info. You gave me a ton of new sites to check out like Elance and GUru. I agree that the T. Ferris outcome will probably be alot less like his then he would want you to believe. He just was in the right place at the right time.
July 7th, 2009 at 5:34 pm
Making money by working on mturk.com is a great idea. Working several hours a day for the last two weeks, I made a total of $12.13!
Realistically, the job that I did before I was laid off, I was able to learn on the job. The requirements right now for the same job are ten years of experience, recent employment, and a quarter of the pay.
July 7th, 2009 at 6:22 pm
@John – you sound pretty bitter sir. If sitting at home and working on your own time for small wages isn’t your thing, you might look into another form of employment.
@ Jermbubba – thanks!
@Doktorrick – totally agree sir – you’re spot on.
July 7th, 2009 at 7:55 pm
I think this paycut is a worldwide problem not only for the entry levels but also for those who are in high position jobs this has a very bad reflection towards all the levels of organisation and people who r badly hurt. I feel for that this online jobs helps people a lot that to working form home is a better option to come out of this stress.
July 7th, 2009 at 8:18 pm
I totally agree with the present situation regarding the recession and the alternative given form the above statement that is sitting at home working is a easy and better option because u can save ur time and money but this is best suited only for the satisfying people not for those who want to earn in larger amount it si difficult to satisfy such people.
July 8th, 2009 at 6:34 am
The presentation is very good . However it is the responsibility of the individual to check the authenticity and choose the work which suits him best.
July 9th, 2009 at 3:18 am
I so agree! For “fun” this week, I was skimming through ads on several job search jobs and easily found multiple jobs I was qualified for in my local area. The sky isn’t falling around here. Of course, I don’t live in Michigan or another state that has experienced the loss of a major industry.
July 11th, 2009 at 6:41 am
i agree what are all the things posted here. now i’m a fresher in engneering field but still i searching for the job from couple of months yet i didn’t get it. i think doing business of our own is best till the encomony is as usual
July 11th, 2009 at 10:20 am
Interesting blog but, darn it, now everyone knows about Elance and Guru
. Where I live jobs are very, very scarce. I\’m luck to be in a secure, if poorly paying, position, but there are a lot of young people out there whose traditional job base (in this area – a tourist destination) has either ceased to exist or gone to older people who normally would not have taken these jobs. Things will get better though…
July 13th, 2009 at 6:48 am
Simple and thought provoking information. Gives a positive thought in this recession hit economy. Info on the global economy and the chain reaction would add strength to the blog.
July 13th, 2009 at 11:01 am
@Petal – thanks for participating. Sorry I blew the secret re Elance/Guru
I’d say you have a pretty good head start on everyone else.
@sarbainathan – I think that doing your own business is the best regardless of any economic condition. When you do that, you are either A) Building a sell-able asset, B) Building your own job {which means you get to control it}, or C) Building a skillset well beyond that of the average engineer, giving you {as an employee competing against other employees} a distinct advantage.
@Fred – yup. The sky rarely does fall. But those those that find themselves in a “sky is falling” situation, there’s always inexpensive housing. Like in Flint, MI – http://www.selecthomesales.com/flint-mi-homes-30k-40k-search.aspx
July 13th, 2009 at 9:55 pm
Interesting take on our current situation. I agree a little but not completley. Nothing in this world is going to be compleltey or all the time. The economy is not doing good, plenty of people that want jobs can’t get them. There are always exceptions, but we’re talking overall.
A good blog though!
July 14th, 2009 at 5:55 am
My fear is that as I am asked to work harder, longer and more efficiently, all of my gains in total productivity are being awarded to the people already on the top. With prices in many consumer areas rising faster than wages, it’s a good year to just keep the same standard of living. This is with a college degree. I really don’t know how people without it manage.
July 14th, 2009 at 6:44 am
@henry – that’s a good point. Automation & technology is putting many previously-respected careers in danger of extinction. But currently, we are seeing consumer prices fall, not rise:
http://www.forbes.com/2009/05/14/deflation-consumer-prices-business-beltway-inflation.html
Which is odd considering the {RIDICULOUS} amount of “quantitative easing” the Fed has indulged in recently:
http://www.chartingstocks.net/2009/03/chart-of-the-us-money-supply-1917-2009/
So maybe we will see rising consumer prices soon, but it appears as if thing are getting cheaper right now.
And I for one don’t have a college degree
Not sure how others manage, but I do OK.
July 18th, 2009 at 4:10 am
on line bpo works are the best money making way in this economy. Amazone mturk is an example. And off line data entry works like data conversion, data editing are the another way for making money.
July 22nd, 2009 at 7:32 pm
Where did all the money go, you should be asking. The majority, those with a 401k, might have lost the most in this recession, but for them to loose someone else had to gain. All those, like me, who pulled out of the market early, locked in the gains, making everyone else loose. So there is a lot of money out there, the problem is people that have it don’t want to spend or use it. Except for the fact a large amount of US money went to the gulf coast, making them rich. So rich in fact that they built and built using so much money, that when things dropped, they still needed more.
The world at this point can not equalize or there will be a huge difference between the classes. I hope the US changes it’s current path, so the US can be strong again.
July 28th, 2009 at 11:50 pm
This is such a nice and very informative article to view very one will like to read entire article in order to earn “How To earn money ” such a attractive posts will be seen by all the people differently in my view “business is the best thing to earn money by using some tricks we can go up easily any type of business success will be sure need to work hard to achieve anything time taking process sure of success .
July 30th, 2009 at 9:48 am
It\’s nice information, that shows not to lose faith when you are sacked out of the company. Start your own business and go ahead. You will definitely succeed in your life. It was really an encouraging article.
July 30th, 2009 at 3:37 pm
I think you have to get creative in this economy. I have a feeling that businesses who don’t provide good value and don’t bother providing good service are going to struggle. If things are tough, why should I pay top dollar to be treated poorly or to not get “good bang for my buck”? Also, it’s interesting to see how many people are starting things up on their own. We’re all getting more creative as things get tighter.
July 30th, 2009 at 8:34 pm
Great article — I completely agree. There are jobs out there, they may just require people to be a bit more flexible in terms of compensation or industry. I think blaming the economy when a person just doesn’t want to explore a different career path is stupid but all too common these days. More power to all the new entrepreneurs!
July 30th, 2009 at 11:18 pm
Excellent article! on line bpo works are the best money making way in this economy. Every type of economy has jobs expanding and jobs contracting so the trick is to be flexible enough to adjust to those changes as mentioned in the article.
July 31st, 2009 at 9:11 am
Excellent topic at this hour as it is reflecting the economic turmoil condition. The only way is to analyze the in and outs of any business and accordingly act .It is wise to take prudent decision in today’s condition for making profit from the troubled water.
August 1st, 2009 at 2:04 am
Current Economic situation makes every individual to think about Economics.Huge job cuts also in well known MNC\’s make frustration among youths.To cure this unemployment,A stabilized economy must be needed mostly for USA it only started this recession and started growing.
August 1st, 2009 at 2:38 pm
I completely agree with the author about seeing the other (brighter) side of the coin. I think if your entrepreneurship delivers huge values it will survive the crisis. I always remember the example: Microsoft was founded in a period of economic upheaval, too.
August 2nd, 2009 at 4:47 am
i am really benefited by the ways you have explained well about the scenario of the unemployment problem with good example. Thats a very useful tips to start own business during unemployment.Thanks for the valuable sharing.
August 2nd, 2009 at 6:03 am
I surely agree with some of your points as I lost my job due to recession. Though I agree that unemployed are choosing to be unemployed, my situationis the other way round. My unemployment has led to a lot of problems never seen before like debts. Now I am ready to work for less than what I was paid earlier but there are no opportunities matching my skillsets. Though market is better than it was few months ago I feel the crunch very badly. I hope that ideas given here will definitely help me out and may be I may start on my own.
August 3rd, 2009 at 1:56 am
Even with this recession , people tend to be a little picky when it comes to being paid less than before, even if that would be the only option for the moment . I think this economical situation encourages employers to seek quality when hiring someone, a person greatly qualified.
Exploring a different career path is not quite easy .
August 8th, 2009 at 9:30 pm
this blog is particularly interesting and very ATTRACTIVE indeed.Well the reccesion has had its toll.Its time ppl staqrt looking a way to SURVIVE instead of searching a way to live in LUXURY.well all those lazy ppl out there who are sitting waiting for money to come their way instead of they goin in money\’s way,THis is the post for you…good work man..this site rocks.suits everybody\’s practical needs(especially for mddle class)
July 4th, 2010 at 11:04 pm
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