I had a great post planned but after hearing and reading that Bear Stearns was sold for just $2 per share, I am in shock. $2 per share? This subprime mess is destroying our economy and is destroying many lives as droves of people are losing their ‘safe and secure’ jobs. And forget about all of the people who are losing their homes – that’s another story.
If Bear Stearns can go under any company can go under and anyone can lose their job. Only a year ago Bear’s shares were $170. JPMorgan bought Bear, once the 5th largest investment bank in the world, for about $236 million. In 2006, Bear earned $2 billion in profit! This is absolutely insane.
It comes down to this. The only way to be in a recession proof job (or business) is to be remarkable.
Remarkable begins when you deal with the things that you’d rather not deal with: fear of failure, fear of standing out, fear of rejection. Being remarkable is about training yourself to leap over this barrier. Being remarkable is about training yourself to tunnel under this barrier. Being remarkable is about driving through this barrier. And, after you’ve done that, to do it again the next day.
It’s so easy to just keep coasting along. It’s so easy to just accept the status quo. Change is scary. Safe is comfortable.
The bottom line is this: The riskier your work appears to be, the safer it really is. It’s the people having difficult conversations, inventing remarkable products/services, and pushing the envelope who are building a recession-proof future for themselves.
It’s your choice. It’s your life.
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