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By Kevin M
Plenty of people have lost their jobs in the past few years, the poor economy being the main culprit. But many more are in jobs where promotional opportunities have disappeared, and the emphasis has shifted from advancing to surviving.
If you’ve lost your job and can’t find a replacement in your field, or if there’s a pending layoff and you’re sure you’ll be in that position soon, or if it’s clear you’ve hit a career ceiling, here’s a radical suggestion…
Find your passion—and start living it!
If you can’t do what you’ve been doing career-wise, try doing what you’ve always wanted to do—that thing you you’ve dreamed about for years but couldn’t possibly do because you’d lose your seniority/security/pension/benefits/living standard—fill-in-the-blank.
For many people, the job isn’t providing many of those advantages anyway. When the perception of job security is lost, it may be time to stop running away from who it is we want to be.
Why seeking our passion is so important
When we’re moving forward in our careers, we not only have a positive view of our work but also of our lives in general. We’re going places, and that’s exciting. It’s called hope for a better tomorrow, but when it’s gone life can start to get stale. It may even get a bit…lousy!
Continue reading Pursuing Your Passion Isn’t as Risky as it Used to Be →
Guest post by Clair Schwan
Working a business in the online environment can be exciting. After all, it’s cyberspace – a new frontier. And, there is little doubt that many sources of information, ways of interacting with one another, and doing business will continue to expand in popularity and effectiveness on the web. Many wanna-be business owners have jumped onto the bandwagon of the Internet and gotten themselves immersed in an online business or two. And many have been very disappointed with the results, simply because they weren’t realistic in terms of expectations.
It’s commonly known that most online businesses fail. It’s largely because those involved pull the plug and abandon their efforts. Much of this retreat in the online marketplace is attributable to inadequate planning that fails to temper expectations. The Internet works at the speed of light, but revenue and profit doesn’t necessarily follow at the same pace. Let’s look at some of the areas in which we need to be much more realistic when it comes to our expectations for success in an online business.
Continue reading A Successful Online Business Requires Realistic Expectations →
By Kevin M
Unstable employment may be here to stay. 10% of the work force is now unemployed, and millions more are under-employed, working at temporary or part-time jobs. By some indicators the economy is showing signs of recovery, but globalization, advances in technology and rising healthcare costs have been gradually cutting away at employment long before onset of the Great Recession.
In Multiple Income Streams to replace One Man-One Job?, we discussed different options to deal with the increasing unreliability of permanent, full-time, fully benefited jobs. Starting a side business is at the center of that discussion.
Continue reading Starting a Side Business – Why Now is the Time →
STRATEGY #5 TO SURVIVE A DOWN ECONOMY
By Kevin M
In the dreary job market of the moment, people are having difficulty with two major areas in particular: keeping a steady income flow and increasing that flow. The increasing level of unemployment is not only eliminating jobs, but it’s also putting a lid on raises and promotion opportunities. This is in large part, the driving force behind the credit crisis and the epidemic of foreclosures and bankruptcies. Is there a way to deal with it without taking unnecessary risks?
In 10 Ways To Survive a Down Economy (published on Christianpf.com June 1) we listed ten strategies to help us deal with the bad economy. Our topic for today, Strategy #5:
Be prepared to cultivate and balance multiple income sources. You may have a full time job and a part time business, or vice versa. Think of your work in terms of an investment portfolio, in which diversification adds strength. There are probably several jobs you are potentially good at; always be on the lookout for new opportunities.
Why increasing income or broadening the income base matter
Continue reading Cultivate Multiple Income Sources →
By Kevin M
This is a weekly open forum dedicated to increasing income, cash flow and customer base, for anybody who needs to increase business or supplement a paycheck. Salaried employees, homemakers, small business owners, commissioned sales people, entrepreneurs, retirees—this is FOR you, and we’d like to hear FROM you. What works in one household or business may not work in another, but then again it might. Or it might be modified and adapted to different situations.
In Can You Barter For What You Need? we discussed using your skills and services to barter for products and services you need. You can take the same principle however, selling your skills and services direct for a cash income, and nearly everyone has one or more skills to do this. You can do this as a side business, and eventually make it full time.
”What skills could I possible sell?”
Most of us don’t think that the skills we do at work would be of much value to people on the street. Think again. Right now a lot of small businesses either can’t afford to hire someone or have had to let people go. Even though staff is reduced, the work is often still there and needs to be done.
Continue reading Selling Your Skills on the Open Market →
By Kevin M
A few weeks back a comment was placed on this site by a visitor who’s url address included the letters “tv”. Since I’m always on the lookout for new and interesting career and business ideas, I had to follow up on this profile. If he was involved in television in any way, that might be a career profile worth looking for a story in. But upon following up through his website, I found out he certainly does have a most interesting career, but one that has absolutely nothing to do with television.
His career? Day trading.
It never crossed my mind to consider day trading to be a career of any sort. I’ve mostly tended to think of it as an investment scheme of some type, and not one for the faint of heart. (That part is most definitely true—see the “Disclaimer” from his website below if you have any doubts.)
Continue reading Day Trading: Investment Program or Career? →
By Dave Kelly
You can.
You have infinite power and ability that was placed in you the moment you were conceived.
You must choose to make use of those God-given talents and abilities.
Most people don’t, or won’t.
What’s holding you back? Fear of failure? Lack of money? No road map? The moment is not perfect? Get over it!
Continue reading You can do this! →
FRIDAY INCOME & CASH FLOW FORUM
Kevin M
Working a part time job or side business in combination with a full time situation can be a tough juggling act, especially over the long haul. Some people can manage it, but probably most can’t, at least not for extended periods. It’s called having a life!
But sometimes you just need a little bit of extra money. Maybe you need to build up some cash in your emergency fund, clean up some bills, cover some repairs or a major purchase, or maybe for an upcoming holiday or special event. You aren’t looking for a lifetime arrangement, just a short term burst of extra income to clean up your finances.
Continue reading Cashing in on Seasonal Jobs and Business Opportunities →
By Kevin M
Friday Income & Cash Flow ForumThis is a weekly open forum dedicated to increasing income, cash flow and customer base, for anybody who needs to increase business or supplement a paycheck. Salaried employees, homemakers, small business owners, commissioned sales people, entrepreneurs, retirees—this is FOR you, and we’d like to hear FROM you. What works in one household or business may not work in another, but then again it might. Or it might be modified and adapted to different situations.
Nothing contained in today’s post is likely to make you rich, but it can put some extra cash in your pocket if you’re a homemaker, retiree, currently unemployed or already working from home and looking for an additional revenue stream. It doesn’t even require you to leave your home.
Even as weak as the economy and job market are, businesses are often in need of all kinds of services. Finding out what those services are, how you can provide them and how you can market your business are all that you need.
Note to small business owners: you might consider taking someone on in this capacity as a way of freeing up your time and improving your sales process without spending a lot of money.
Continue reading Become a “Call Center” for Small Businesses →
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OutOfYourRut Disclaimers
General: Any information in regard to money, credit, personal finance, or in regard to any other monetary topic, provided or shared on OutOfYourRut.com is presented for information and entertainment purposes only and does not constitute financial advice. It is intended to provide general information only and does not constitute personal financial advice in regard to your specific circumstances...MORE-->
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