Regardless of your Job position , skills or your Street smartness the most smart thing to do after a layoff is to manage your Cash flow.
- 1> Review the outgoing Cash – Important to identify where money is going and how much.
- 2> Review the incoming cash- You are not the US government to spend as you wish with out money coming in. Review your incoming cash where you will get money from and how much.
- 3> Prioritize what to pay – When you are in a cash trap situation you need to analyze what can wait and what can not wait and by how much
- 4> Raise Cash – regarless of what you are “cash is King” try to raise as much cash as possible should you don’t have enough
- 5> Plan a budget for 8 months- It takes on a average of 6 months to get a job and be settled on it have a budget and fit you needs to the budget
- 6> Identify Cash resources – it is important to know some cash resources which you can tap in case of an emergency example May be a credit card or Friend or loan centers
Ready to review your Job search strategies check out http://www.crootpad.com to play a game of “Career Lounger” to engage your Mind and to review you job search skills.
