Three Common Career Mistakes People Make During Recession

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We are living in times that are far from our well known normal. It’s uncomfortable, as habits need to dramatically change. On top of that, news about victims and the increasing number of affected people, by this crisis, are on the rise.  

Although it might not come naturally, make a conscious effort to keep an open mind on your career goals, and act on them.

“Power is taking action in a moment that could make you feel powerless”
Ginni Rommetty

1. Thinking the recession won’t affect your industry

Be alert to news about your industry. This is a new situation, unfolding before our eyes. Every new day brings more clues about what the future could be like. Be curious and ready to see your career path in new ways.  

“It’s through curiosity and looking at opportunities in new ways that we’ve always mapped our path.” – Michael Dell

2. Thinking all hiring is frozen

Of course, we will see news of people losing their jobs. This can be disheartening. But it’s important to remember that in every crisis there is an opportunity. 

For example, sectors like E-commerce, Technology, or Healthcare are growing faster in these times. And are hiring.

Here is a compilation of  industries that best survived the last recession: Industries That Thrive During Recessions

“The Chinese use two brush strokes to write the word ‘crisis.’ One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger–but recognize the opportunity.” – John F. Kennedy

3. Putting networking on the back corner

Especially during social distancing, the idea of networking can feel distant.  

Embrace technology. Explore all options. There are thousands of online events – zoom – webinars.

Find the platform that better suits you. It’s fundamental for your career to keep in touch with people even during lockdowns.

Keep in touch with great head-hunters like Alcott Global 😊

Build on your future career, especially during a recession.

“Expect change. Analyse the landscape. Take the opportunities. Stop being the chess piece; become the player. It’s your move.” Tony Robbins

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Chief Executive Officer, Greensill​

Lex is the co-founder and CEO of Greensill, and a Senior Advisor and Crown Representative to Her Majesty’s Government on Supply Chain Finance. He was awarded the CBE for Services to the British Economy in Queen Elizabeth II’s 2017 Birthday Honours.

Lex previously established the global SCF business at Morgan Stanley, and led the EMEA SCF business at Citi.

Lex holds an MBA from Manchester Business School, and is a Solicitor of the Supreme Courts of England and Wales, and Queensland.