HOW TO MAKE YOUR JOB RECESSION PROOF

HOW TO MAKE YOUR JOB RECESSION PROOF

Its arguably one of the most asked question by many people especially after the recession that rocked the US. Many people are looking for ways in which they can make their business recession proof and in this article I will be sharing with tips on how you can do just that.
1. Communicate
Communication is important and essential when it comes to your professional survival. In today’s world and especially during the recession as we saw in 2008 many of your customers are constantly being bombarded with negative news about the financial world either by the media, their friends or even relatives and if you fail to communicate with them it might result in you losing a customer. Never wait for you to be called in such times.
2. Adjust Portfolios
In addition to improving the communication between you and your clients during bad times, you should also ensure that you control the losses of your client during a severe market downturn. The small aspect can be the determining factor when it comes to retaining your customers.
3. Earn a Professional Designation
Possessing a professional designation is very important in today’s world especially after the recession that occurred in 2008 and also the fact that the media which has been preaching about the benefits of hiring a financial planner, insurance agent and stockbroker who has one. Examples of professional designations that you should consider having are;
• Certified Financial Planner® (CFP®)
• Chartered Life Underwriter (CLU)
• Chartered Mutual Funds Counselor (ChFC)
In conclusion Job security does not depend only on independent financial practitioners, employees can also be involved in the process of securing their jobs. Some of the measures which can be implemented so as to protect your business include a perfect client communication, discounts, extra services, as well as loss mitigation.
 

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