It Happened Again GM To Lay Off Significant Numbers
t has happened again, and local drug stores, dry cleaners,
again in a very big way. I car washes, gardeners, fast food
am sure you have heard the restaurants, independent auto
news that General Motors has mechanics, and so on, that are
announced they are closing plants going to see their customer base
and letting some 30,000 people diminish and their services not
go. Some they will be able to used as frequently. This will be
relocate, some they won t. a direct result of their local
patrons no longer have the
Ford announced they are laying discretionary income they once
off over 4,000 people as well. had. Most of those that are being
This is all devastating news that laid off will now start to learn
we should all be concerned about. how to get it done themselves.
After all, they will now have the
time. Many will begin working on
The manufacturing sector of our their own cars, taking care of
economy is the one sector that their own lawns, cooking and
provides for our society a eating in more often than not.
ladder to allow us to move from
lower class economies to middle And with fewer end products
and upper middle class economies. being produced, suppliers and
Without manufacturing, it becomes their employees are affected in
more and more difficult for the same fashion.
families to pull themselves up
and obtain the Great American What of our younger generation
Dream. that is coming up through high
school. What direction do they
Most manufacturing jobs provide take upon graduation? What field
up to nine other jobs in the do they now study in college? And
local economy. Think about the to learn a trade is still a good
bet, but unless they move to an single parent, or head of
area where there is more household that DID do something
discretionary income, what do way back when and have been
they learn a trade in? enjoying discretionary income
month after month from their home
These are tough situations and business. To those who were
difficult questions. These prepared, you will have a little
actions affect us whether we live less worry and frustration than
nearby or not, were laid off or those that did not.
still working. How much will the
government be able to do to help For those that did not have a
us? I spoke with some friends who home based business and
live in Marathon Florida who were consequently no monthly residual
devastated in the last hurricane income, it is never too late to
and they related that FEMA has start one. You can start one up
notified them that they are for relatively little cost, and
temporarily out of money due in it will not dig into your new
large part to hurricane Katrina. budgeted spending pattern if you
They indicated that FEMA told start a business where the
them tehy need to go back to products would be those that you
congress to get more moneys consume in your household each
approved. month (all businesses need to
have products or services sold.
There were some individuals who If not, then they are a scam and
had some foresight and started a turn away as fast as you can).
home based business that provided
them residual income. It may have As independent adults that are
sounded kind of corny then, or getting caught in this layoff
out of vogue, but there are those trap and having less and less
families, husband and or wife: security, there are some analyses
that may be difficult, to them you appreciate their help
nevertheless, need to now take and input.
place. For those of us not
directly caught (yet), this Third, write down your plans .
analysis process would still be This is so important. Set some
good for us to examine as well. short term goals that will help
you to get through this time.
First, hopefully those employees Also make sure to include your
getting laid off have put back written finances from step 2
some savings. After all, this has here as well. One technique to
happened before, so hopefully use is to sit down and write out
there was foresight that where the money is currently
something like this could happen being spent now, and keep in mind
again and there was at least some that most of us don t have the
preparation. patience to do this, or are not
honest enough with ourselves when
Second, take a real hard look at we write it down. This is an
what areas you would be able to important enough step that it is
trim, immediately if you have to, worth repeating. Look at the list
in order to slow down the cash and decide what, if any, areas
outflows every month. Look at you can trim down for the interim
these areas closely. If you have period. Don t look at it as I
teenage children, you might want can go without this because this
to involve them in the process. will begin to breed anger, after
Have them help to contribute all, you worked hard for X amount
ideas that will help the family of years and you deserve this
weather this storm. Explain to (whatever this is). And anger
them that as parents, you will do will do you, and or your family
everything you can to make this a and friends no good at all. This
temporary situation and explain is not the end of the world and
you and your family will survive families in the future. You may
it. YOU MUST REMEMBER THAT! But find that your life begins moving
if you have the wrong mindset, it in a direction you had not
will make the process you are originally intended it to, or the
getting ready to go through much changes that take place in you or
more difficult than it needs to your family are changes you would
be. not have thought possible before.
That will be ok. Again, the most
Once you have it all written important thing to remember is
down, talk to your spouse, or if that you did just fine up to this
a single parent, talk to your point and you will do just fine
children and try and solicit after this. There is a life after
their support in making those (insert you company name here).
new plans happen . If the family Sometimes many believe that a
has goals, and everyone in the power greater than they are found
family participates, this it necessary to challenge them to
temporary setback will be brief learn and experience new
and the family will remain situations that will further
intact. If there are no goals, or develop their true selves, or the
they are not specific, then people they were intended to be.
everyone does what they think Some will shrug their shoulders
they should do and in reality, and say ok, let s move on.
nothing gets accomplished except
feelings of contempt and Situations have a way of
frustration for one another. correcting themselves in time,
but usually not without some
Keep in mind that this has direct input from us. What this
happened to people and families means is if we are to have a
in the past and it will be positive outcome, we need to have
experienced by people and positive input. If we experience
a negative outcome, then we item, or do what is necessary
obviously have input negative now, in order to have the item or
actions, feelings and or pleasure in the future.
emotions.
And if you do not have a side
Remember, this is not the worst business, a home based business,
thing that could have happened. or a part time business,
If you were not ready for this realistically pursue that. There
one, then get ready for the next are too many opportunities that
one. Seriously examine your are out there for bright people
spending patterns. Take a hard that are hard working in nature,
look at where your money is to sit on the sidelines and not
going. Employ a technique called be able to participate in the
delayed gratification, meaning Great American Dream .
wait and save the money for the
Article Source: http://www.ArticleStreet.com
Michael Ochoa operates several websites and is a Success Coach to help people accomplish their dreams of financial success and independence. Michael has worked in professional management for over 20 years and operates www.aces.makemoreathome.com, a website that shows sound home business information.
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