Is Your Job at Risk?
4 Signs that Your Current Position Is in Jeopardy
“The successful always has a number of projects planned, to which he looks forward. Anyone of them could change the course of his life overnight.” - Mark Caine
According to CNNMoney.com, 2.6 million Americans lost their jobs in 2008. More than half of those jobs were lost from September to December. Unemployment rates continue to rise, promising that many more will lose their jobs this year as well. If you currently work full-time, you may be worried that your job is at risk. How can you tell? The following four signs might help you determine whether or not you should quit your day job before it quits you.
1. Competitors are cutting back
If your employer’s greatest competitor is cutting back, chances are your employer will look to do the same, if he hasn’t already. Yahoo hotjobs.com suggests that this is a sign that your industry is in danger. Objectively view your position within the company to determine how dispensable you are. While this may be a painful process, it could enable you to prepare for the worst in order to lessen the potential impact on you and your family.
2. Bosses are cutting back
If the president and other key administrators are cutting back, it is a sign that they are nearing a more drastic cutback that may include your position. If the bosses have eliminated business lunches, luxury business vehicles, and technology purchases, you can assume that your employer is feeling recession pangs.
3. You’ve lost your appeal
Do you find yourself invited to fewer meetings and business lunches? Are you no longer asked your opinion on key business matters? If so, it may indicate that your superiors are preparing for your exit.
4. Changes in employer’s standing
Has your company been merged with or acquired by another? This is a sure sign that changes are fore coming and you should prepare yourself for alternative forms of income.
Take Actions and Secure Your Professional Future
One way to prepare for job loss is to start a home business. If you currently do taxes in your spare time, you should seriously consider evolving your part-time business to a full-time venture. It is possible to keep busy year-round, especially when you provide crucial services like accounting and tax preparation.
Accountants Wanted!
Paul and Sarah Edwards, authors of The Best Home Businesses for the 21st Century, rate a bookkeeping service as the “Best of the Best” home-based businesses.
There are many reasons why an accounting practice makes so much sense. Here’s a list of some of those reasons:
- Every business is required by law to keep books
- You can earn a good living (the average client will bring in about $300 per month)
- It’s an inexpensive business to start (you probably have most of what is required right now)
- No expensive equipment is required
- You can make money doing what you enjoy
- You can work anytime, any place
- Rented office space is not required
- Inventory is not required
Professional Tax Certification
While Congress considers passing legislation that will require all tax preparers to become licensed, taxpayers become wearier of tax preparers without any credentials. So how do you put clients and potentials clients at ease? By earning a professional designation that demonstrates tax preparation proficiency and competency. In adding accounting to your tax preparation service you become a full-service financial provider, enabling your fledging practice to stay busy year-round by offering crucial services other businesses need in order to survive this recession.
Take charge of your professional future and start your own accounting and tax practice. Start-up costs are few and potential payoffs are significant. Learn more about the possibilities today.
Resources
Goldman, David. “Worst Year for Jobs since ‘45.” 9 January 2009. CNNMoney.com
Matuson, Roberta Chinsky. “5 Signs Your Job Is in Jeopardy.” Yahoo! Hotjobs.com
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