Unemployment Creates New Opportunities

Despite what the national press wants us to believe, it’s not all doom and gloom out there at the moment.

17/11/20

Pam Goodison

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Jars of honey stack on a shelf

Being positive about the world around us at this current time will help everyone mentally cope with the situation we’re in. 


I’m getting some great vibes at the moment, from what I see and hear in the business community. Businesses are adapting and new businesses are being created all the time.


Despite the fact we’re living through a pandemic, people are still setting up on their own. The situation many individuals have found themselves in has created a big shift in both the job market as well as in the business world. I always say, where there’s a downturn, look for the opportunities.


Recently, I spoke with a contact of mine, who told me that they’ve seen loads of new businesses launched and people seeking finance to get their venture up and running quickly. 


Businesses that are unable to adapt are making staff redundant. Some ex-employees are utilising the skills they already have to set up in business for themselves.


For every job advertised I imagine there are hundreds of applicants currently. When competing against many candidates, your chances of success reduce. You need to make a good impression. The problem may be that you’re perceived as too old, over qualified, or not great in interviews. If this is the case, why not take what you’re good at and create your own business?


I’m not saying that everything will be a walk in the park. I run my own business and put in many hours, but the job satisfaction I receive, and the knowledge that I’m working just for me and my family, rather than lining someone else’s pockets doing the same thing for them, more than makes up for this. Then there’s the flexibility. I can work from home, do the hours (within reason) that I want to do, and take on clients I want to work with.


I’m fortunate to have the best of both worlds. I’m employed in a job I love, as well as running my own business. This allows me to use my skills creatively in different ways and keeps my mind active. Many people now find themselves working part-time with a need to supplement their income in some way.


So, if you find yourself in the unfortunate position of being made redundant, look at it as an opportunity to try something different. Think about what you’re good at and how you could make a business from it, then go for it!


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