New Year's Resolution: Survive the Economic Fallout
Times are tough for some folks…but with the New Year comes new hope. I've talked with a variety of employers, both large and small, public and private, product-based and service oriented, and the consensus is - there is NO consensus. Everyone is being affected by the now historic economic upheaval in a different way. While some acknowledge a definite impact on their business operations, others don't seem to be impacted that much at all. It's this diverse reaction to the downturn which will probably be good for all of us in the long run. Unfortunately, the messages of hope are not as interesting to report about in the news and everywhere we turn we hear negative reports about the economy, unemployment, foreclosures, and the list goes on. Regardless of our own personal situations, this negative news can settle in our psyche and play havoc with our emotions. Employers have reported seeing more individuals filing lawsuits as well as increases in personal health issues. It's important for our survival not to let the current economic conditions continue to create pessimism and problems both at work and at home - even if they are only perceived and not actually being felt personally.
Fortunately there is a way to combat these negative feelings and work through stressful times. But how do you know if you, your family or your employees are suffering from stress? Take a look at some of these physical and mental symptoms that indicate someone is experiencing undue stress.
Physical Symptoms
Headaches
Sweaty palms
Sleep problems
Fatigue
Back pain
Stomach problems
Rashes
Muscle tension
Poor eating habits
Emotional Symptoms
Edgy
Depressed
Crying
Anger
Dissatisfaction
Tension
Fear
Temper
Withdrawn
Does this sound like you these days? Anyone else you know? Are your employees showing any signs of stress? If so, take action now - make it your New Year's Resolution to de-stress yourself or someone you care about. Stress is obviously harmful to your health and can lead to serious health problems such as high blood pressure, ulcers, asthma, heart attack and stroke, to name a few. Stress also can negatively affect relationships and definitely affects productivity on the job.
There are lots of great resources online to help with stress. Everything from physical exercise to mental exercise - and in some cases a change in diet can help too (especially after all the eating that goes on during the holidays). Don't forget, we're also entering the gloomy days of winter, which can make anyone unhappy if the cold, gray days last long enough. To improve the mood at the office, you could do something simple like invest in new lighting (full spectrum happy lights), or other ergonomic improvements such as new chairs or keyboards (feeling physically good impacts our mental well-being). On a personal level, you can combat stress by taking "control" and creating a strategic plan for yourself. Determine what's going well in your life and identify areas that you'd like to improve. If you need help identifying your individual priorities and what you need to be focusing on, try taking the Wheel of Life assessment (you can email me if you are interested). Use the results to determine what you value the most and whether or not it is in balance in your life. If things are not in balance, create a plan to get it in balance. Having a plan in writing will help ensure that you will follow the steps you need to take and make it more manageable.
If business is booming for your company, that's great news - and should be celebrated by your organization and your employees. Don't forget that good news is a mood booster, and if things aren't going well personally for some of your employees, good news at work can help lift their spirits. Likewise, if things are going well, perhaps there is something you can do as an organization for those employees who may be struggling. If business is slow for you now, you might have your hands full managing the business, but don't forget about the needs of your employees who may be suffering alongside you.
Should you "run out of things to do" or don't have much stress in your organization that needs addressing, good for you! Use this time to assess your company and be prepared for the future.
Assess your company's resources and determine how you can diversify to capitalize on a down market.
Don't stop marketing! Be sure your target customers know who you are and what you do so when the market does improve they will immediately think of you.
Communicate to your employees! Many companies stop communicating when times are bad. This is an important time to communicate! Employees want to hear the good AND the bad. If not, they will assume the worse and fill in the gaps for what they don't hear. Most likely, the result will be a loss in productivity, morale and good employees.
Train employees! While it is slower than normal, take advantage and provide that needed training that you never have time to do.
As an individual, you control your destiny but life might be throwing a few curve balls at you right now, so take this time to…
Recognize when you need help! If your symptoms of stress are beyond your control, don't hesitate to seek help for the sake of yourself and your family and friends. There is nothing wrong with asking for help.
If you are unemployed, it is tough out there and you are not alone! Don't give up! If you financially need to work, you may have to take a job that isn't perfect until the market improves. But, don't feel it is giving up! It could just be your foot in the door. Keep your resume ready and network contacts fresh. Continue to find resources to help you stay connected - recruiters, network groups. Develop a short and long-term plan (in writing) so you can have clear direction.
If your finances are tight, you may have to be creative and to find way to get through this financially- but, you can do it! Develop a budget and determine what can you give up and, where can you get help? I'm not a financial planner or banker and every situation is different, but don't let financial need shut you down and beat you; - find a way to overcome them. I've seen too many (good) relationships fall apart over money. Use those strong relationships to find a way to get through together.
Remember, it's a new year and a great time to make change! Let's all start the new year out fresh with an optimistic attitude and set any fear and worry that you may have aside! Take care of your situation as needed, always keeping an eye out for someone else that may also be in need. By helping others through tough times you will be "paying it forward" and the good deed is likely to be returned sometime in the future. Have a great 2009!
New Years Resolution Survive the Economic Fallout - To learn more about this author, visit Robin Throckmorton's Website.
Like this article? Share it with your friends
![]() | |
| |
No article feedback found. |
| |
Leave Your Feedback |
|
| |
| |||
Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
|||
Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
|||
Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
|||
Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
|||
John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
|||
Dianne CramptonDianne Crampton is an executive leadership coach, team culture consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. Dianne's contribution to the 2010 Pfeiffer Consulting Journal (an imprint of John Wiley and Sons Publishers) entitled TIGERS Hearted Teams is available in November 2009. Her new book TIGERS Among Us: 5 Winning Business Team Cultures And Why, Three Creeks Publishing will release in March 2010. To receive publishing discounts, subscribe to the free TigerTracks Newsletter here. - Visit Dianne Crampton's Website |
|||
Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
|||
Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
![]() | |
![]()
| |
![]() | |
|
| |
![]() | |
|
| |
![]() | |||||||
|
![]() | ||
|
| ||
![]() |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
![]() |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
![]() |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
![]() |
|
|
![]() | ||
|
The Top 10 Guy Kawasaki Posts
Best Posts for Entrepreneurs | ||
|
The Top 10 GTD Times Posts
Best Posts for Productivity | ||
![]() | ||
![]() | ||||
| ||||
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
|
|
|
|













Subscribe to Robin's articles











