Posts Tagged ‘stmulus’

It Is Critical To Remain Positive

March 8, 2009

The stimulus and bailout debate is centered on how bad the economy is and how inaction will lead to catastrophe.  The language of fear, negativity and pessimism has exacerbated the economic malaise and is killing our economy.  It may also adversely affect your career or company. 

 

Our self-fulfilling economic nightmare may occur, with or without the recently passed stimulus/bailout package, precisely because we are being scared into inaction like the proverbial deer in the headlights. 

 

People change or act for 2 reasons: greed or fear.  The internet stock and housing bubbles indicate that greed is a strong motivator.  The widespread fear engendered by the current debate caused a drop in consumer spending and associated rise in savings, harbingering a new era of frugality.  As a nation we are at a critical inflection point with 2 potential paths. We can let fear reign and quickly lose our global leadership position or we can exude confidence and create a sustained recovery.  The language of the discourse will largely dictate our future. 

 

So too it is with your company and career.   My firm downsized about 5 percent of its workforce or about 50 people. I delivered that difficult message.  To ensure poor morale and fear would not engulf the organization we were extremely proactive in our communications.  Our positive, future focused efforts and statements placed us ahead of the negativity curve and our employees rallied.  The results are extremely encouraging and the company, a real estate and financial services firm, is having a great first quarter. 

 

In sharp contrast, a colleague related that when his company failed to give raises and bonuses employee morale went into a tailspin. By every measure, employee and company productivity dropped and the firm, with about 75 employees, is now struggling for survival. The inability of the employees to properly frame the current economic malaise may cause their demise.

While it is not always easy to stay positive in difficult times here are some tips.

 

First, find a silver lining.  A recession is when your neighbor loses his job and a depression is when you lose yours.  Most of us are merely in a recession and can still pay our bills.  While we strive for more it is comforting to still control your future and your life. 

Second, stay focused on the present and work harder than before.  The further out we place our gaze the less clear it is and these uncertain times make it difficult to look too far in the future.   Control what you can today.  In addition, the harder you work the less time you have to perseverate on negativity.  Your efforts may get recognized and help your organization perform well in tough times.  

Third, be a cheerleader.  Negativity is contagious.  Negative conversations and topics are emotionally draining and self-defeating so avoid them.  Be exceedingly optimistic and you will feel better and become a leader.  No one knows how or when the recession will end, so you might as well smile your way to its conclusion. 

Fourth, keep perspective.  All American generations experience significant hardships.  The Great Depression and World War II are examples of the difficulties we faced as a nation.  The generation forged in the crucible of these challenges is famously referred to as the Greatest Generation.  Adversity allows us to appreciate what is really important – family, friends and simple pleasures.  Rabid consumerism is probably not at the top of our lists. 

 

Finally, be realistic.  Maintain a positive outlook without being a Pollyanna.  For example, at an old firm I was unhappy and needed to take my skills, abilities and career elsewhere.  Though miserable, I faked a positive attitude and eventually found a better fit.  Keep your resume updated and your eyes and ears open.  It is a difficult job market, but there are opportunities.  Be patient and you will eventually find them. 

 

To quote founding father Thomas Paine, “these are the times that try men’s souls.”  They are also the times that allow us to find greatness in ourselves.

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