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Developing New Business Skills – The Key to Survival in the New Economy

Have you developed a new skill that can bring life changing transformation to you and others that you come in contact with? Most of us, after acquiring a income producing business skills, trend towards becoming somewhat relaxed in our profession or business as we apply what was previously learned to produce an income to support our selves and our families.

I make enough to get by so I’m content is the mind set.

This type of relaxation can have devastating effects as markets both local and global travel through their growth and correction cycles. When markets correct, which is a downward trend in a economic cycle, or as in the recent housing market, a complete out right collapse, jobs are lost, businesses are closed and services are terminated.

Oh Crap! What Know? If this is the response rendered and possibly the only immediate solution to this new found debacle of no income, chances are you are one of the  YourSavings.ca millions that haven’t developed new business skills on an on going bases when the markets were flourishing. You know the old cliche, and it will always hold true, “what goes up must come down.” Make sure that when the market drops, and positions are terminated you have developed a new set of skills that will move you forward instead of teetering on the edge of financial disaster.

Its never to late to start learning but waiting for financial disaster to strike before taking action might not be the best philosophy. It is however, if it is any consolation, the road that most choose to travel.

The solution. Don’t wallow in self pity and don’t put blame on others. It is your problem, you made the choices that got you where you are at right now. You and you alone have to take full responsibility. The future is yours and the only thing to do now is pick yourself up, dust off your pants and get busy creating your new future. In times of adversity great personal growth occurs and with this personal growth a new you will emerge that will be stronger and more confident then before. Its get busy time.

An idea to consider. When searching out opportunities to develop new skills, it would be wise to choose a some what different business field or industry to acquire new knowledge and growth. I had a friend that was a builder and when the market started turning south and houses weren’t selling he decided to get his real estate license. This didn’t prove to be a good move for his immediate financial future. Choose your new skill wisely.

Developing multiple skills will make us more valuable in the market place, more value equals more money, so we should all exercise daily habits of learning new income producing activities. Being versatile in different areas of expertise will keep the money flowing in the right direction, into our bank accounts, when market conditions shift.

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