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world, retrenchment is going to be the norm. Cost cutting,
restructuring and takeover means the majority of Singaporean who holds
a full-time job are going to face it at least a few times in their entire
career.
Living in Singapore, job loss is no jokes especially when it hit you during the bad times such as economic downturn or when you are near the 50s which make it even harder for you to start a new career. However, don't be despaired as there are ways to lower or neutralized the impact of job loss especially when you are living in Singapore as the cost of living is quite high. First face the reality and tell yourself that it is going to happen to you and you are going to do something about it. Yes, taking action against job loss is the best insurance against it. Listed here are some suggestions and ideas you can consider to lower or neutralized the impact of job loss: Continuous Education - Yes, an extra diploma, degree or master degree will definitely help in your career. Sharpen your axe regularly and don't wait for that axe to fall upon you before you realize that after working on the same job for TEN years, your skill have been absolute. Part Time Job - Yes, get a part time job. Once I attended a part-time course and I asked the lecturer why he still teaches part-time even though he already possessed a well-paid full-time career. His answer was that he has been retrenched once and he wants to cushion the impact of job loss. Furthermore, he says that it was a good way to improve himself and at the same time make some extra income. Not a bad deal. Business Part Time - Yes, start a business part time. Owing a business is the best job you can find yourself. It can be a one-person consultant business or you can set up a system using point of sales and employed sales assistant to run the business for you. Large businesses like Microsoft you saw are once small businesses. Internet Work - Yes, starting a
business on the net is one of the best options today. It is one of
the cheapest businesses to start especially in Singapore where rental are
very high. The only investments you need are your time and about
"a dollar" a day for a domain name and web hosting. The best part
is that once it has a stable flow of web traffics, it is like a 24/7 ATM
machine that keeps generating cash for you.
As you can see, the internet has created many money making opportunities for us today. It is really up to you to explore the various ways and choose one that suits you. Once your part-time income exceeded your full-time income, the worry of job loss will not be there anymore. As Oprah Winfrey noted:
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