How Have You Recession Proofed Your Career?

Have you read a book called Multiple Streams of Income by Robert G. Allen? It is a book telling us to have multiple sources of incomes such as passive income, starting a business, working for others, investment etc. Even though I believe everyone including me know this, we will only practice it when we are "stung" by it. What I meant is we just have to had bad times and learn it through the hard ways. At least that is true for me. I think I fully agree on your point as no jobs is permanent nowadays. The world changed so fast; one day the gigantic company is there, the next day, you would find that the gate is locked. So it is indeed very important to adapt a flexible attitude and thought to be able to adopt ourselves to any environment, economic and job situation. Only through such practice, can we pull ourselves through the bad times.

It's better to have a back-up plan. Working in a company is not a permanent so I think it's time to be an entreprenuer. Though it would involve a lot of risks especially in times of financial crunch, well it's worth it since you are preparing for a more stable job. A job which is not owned by other people but you are the ones managing it. Small capital can be a start as long as you know what business to create. Something that you really like coupled with a good market place. Remember, you need a back-up plan for your office career so, better plan now.