This was a part of an article that led the Ladders this past week: Many families with children decide to build a career around their career. Most people who have children can be called dual-career families. A dual career family like Tom and Maryann Callabrios recently weathered a work-life storm. A successful field engineer for a service related technical firm, Tom states: “With three children under 10, my wife’s career as a CRNA took a lot of time. But we managed. My job took a hit about 10 months ago. As a top field engineer my company sent my job overseas and hired someone half my age at half my base salary - $75,000. We were used to living on what some may say is a lot of money and we filled up the buckets college and retirement vehicles. But with a special needs son with Autism we wanted to cut back and spend more time helping him and our other children. So in a way we had already weathered a work-life storm, a potential lifetime of dealing with a son with special needs. I think I just got very focused on being creative and not just on the money lost.” Mary states: “Any family is a balancing act. Having two career paths is and so is having children. Add a special need and career expectations of two Type A personalities, plans and more change. Being in healthcare I am used to planning for change and dealing with adversity. It’s just a little different when it’s your adversity. Educational plans and provisions for our future always remained important. Until 10 months ago our plan was to make as much money as possible just in case our children and especially our son Cole who has Autism needed more down the road. But I would say our perspective changed a lot. In the last 10 months we not only weathered the storm but put more in perspective about what’s important in life. We had to weather out own little hurricane. It’s probably not too uncommon.” How are you like the Callabrios family? If you or your spouse were to lose your job, would you be able to cover your basic household expenses? Would you have to change your lifestyle? Would cutting back hurt you or actually put a perspective you need on life? What if you have a child with special needs? What if your spouse was layed off What if a spouse got hurt or became unable to perform because of a health issue? Whatever your special circumstance might be here are five ways you can learn from the Calabrios family and prepare for your own named hurricane. The national unemployment rate climbed from 6.1% to 6.7% between September and November of 2008 according to the US Bureau of Labor Statistics. While the current economic climate doesn’t promise much more than hurricane force winds, you can still put yourself in a strong hurricane ready position with these personal and business steps (at any point in your career). 1. Put Your Family First. Here’s the key to stabilizing any financial situation: spend your time and your money where it makes a difference. This is what will keep a job offer in your back pocket at all times, and it’s what will keep your bank account above the water in any economy. It isn’t as hard as it sounds, and the results will come sooner than you might expect. According to Tom Callabrios, “I really worked on alternative opportunities in field engineering and technology immediately after I was let go. This resulted in cutting my hours from about 60 a week to 45 and not traveling 12 business days a month. I spend more time working with my children and teaching my special needs son reading and a lot more. When I did that along with the business things I should have been doing like hiring a career coach and producing a powerful CV, I saw things just start coming to me in terms of contacts and opportunities.” 2. Adversity Can Bring Out Creativity. Tom got creative about his career and his creative changes led to more than gaining another job. Mary states: “Tom is still able to produce a close to six-figure income but by reinventing his career and cutting back he’s in better health and we are closer. At the time of his layoff we were both seeking marital counseling. It’s almost like adversity brought out our creative side. Now we are closer as a total family.” Tom worked on building his recruiter, friends and other networks. The new position he received was due to his creative processes. Mary says: “Tom helped invent a position that was only lightly advertised. He actually wrote some of the job description himself.” 3. Network Your Network. Even if you’re not currently looking for work, hiring decision-makers need a way to find you. When companies have an urgent need, they will look to the people they know. If someone had a requisition for your ideal job in hand, and you were indeed the perfect candidate for this job, how would that person find you? If you build a strong brand, and you make your name known, job offers will start to appear. “I wanted to keep people informed during my time at work,” says Tom, “so I kept in touch. This helped me trim a long layoff.” He also aggressively and properly developed a powerful online resume, took time to network on Linked In and at other professional and volunteer events. He proactively sought to find new opportunities, advertised and not advertised. 4. No Matter How Much You Make Watch What You Spend. “To be honest,” says Mary, “we were stupid with our money. We leased new cars, bought things we didn’t need and we thought money and things might replace time with our kids. It wasn’t intentional. We now have a work-life that suits our family and we don’t have to buy it all. We are now teaching our kids by example to be responsible, that time is more important than money.” So how long would your family be able to survive on your income, or your spouse’s income alone? What expenses could you eliminate if you had to? Could you pull money out of something that’s currently an expense, and re-invest that money into the development of your personal brand or network? How do you currently spend most of your time and money? Do you keep track of this? And this – do you need to make as much money as you did or can you change your habits, become creative and live on less? Maybe that’s what your family needs. If money’s tight, keep focused on activity that either increases your income or reduces your expenses. Nothing else will make a difference. Unfortunately, in the face of economic storms, it’s easy to get caught up in unproductive distractions. A number of critical brand-building activities don’t yield income right away; it can sometimes be difficult to tell the difference between moving forward and spinning your wheels. In times of economic volatility, hurricanes can form from tropical storms in your own southern Atlantic Ocean, Caribbean Sea, Gulf of Mexico and in the eastern Pacific Ocean. No matter if your income matches that of the Callabrios family or your situation mirrors theirs, consider engaging not just evacuating. The US Government says you should have a “to go bag” in case you have to evacuate from your business or home during a major storm or event. Look at the facts and financials but put you and your family first. Then your next work-life storm could become just another setback that’s a set up for new perspective and opportunity.
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