Downturn
7 things to do in a downturn
One sure way to find some excess cash in a downturn is to reduce expenses and lifestyle purchases. The point is not to cut down on the fresh fruit that we buy for our children, but on the new sofa set that we planned for our living room. The new model mobile phone or the new laptop or the new car are a strict NO, at least not till the downturn is over.
Billy Joel with his uptown Girl lyrics was a sensation in the 60s and 70s
Those were the days when uptown and downtown were the in-vogue words. Today its downturn which is garnering all attention. And each one of us is part of the harsh transition from Upturn economy to Downturn economy.
The economic slowdown in India and the recession in many parts of the world is affecting us all in many ways. Here is a list of things that we need to do and some that we should not do during the downturn.
- Respect The Job That We Have
In a down turn, new job opportunities vanish. This is evident with the many campus placements drying up.