It is quite obvious that the ever biting global meltdown has been a source of inevitable challenges not only for individuals but also for businesses and even the once very affluent industrialized nations. This is the reason why many business establishments resorted to pruning down their normal operations while throwing their workers to the job market because of lack of wherewithal to keep them. Furthermore, once buoyant professionals and consultants have to cope with ever shrinking clientele.
This unfortunate period continues to inflict untold hardship on those that are already out of work. At the start of the meltdown, the erstwhile governor of Nigeria’s Central Bank made the nation to realize that the global economic impasse would have little or no effect on the nation but the situation now on the ground proves him very wrong as workers are sacked from various employments by the day while the rate at which industries fold up nearly in every nook and cranny of the country is quite alarming.
Eminent economic experts are, however, of the opinion that the period, on the other could be a blessing in disguise for those are ready to seize the bull by the head. They feel that the current economic challenges are a good opportunity for both individuals and businesses to make adequate preparations and plan for a better tomorrow. As far as they are concerned, this is an opportunity for them to review their operations and know where to cut costs and determine the right number and caliber of staff that would enable them move ahead.
People and organizations should seriously look into what they should do to improve on their present income while businesses must be seen as a way of having the right persons as well as the attendant risks. Establishments should just not recruit but also invest in both training and capacity building for the staff. Those out of work should reassess themselves and identify their existing values and look for a better way of planning their finances and also improve on their connection network and device a means of self-reliance.
Since this is not the first time the world would witness such an economic downturn one recalls vividly the Great Depression that commenced in 1929 and brought nearly every living at that time to their knees and according to the common saying, this time shall also pass away while the in-thing is that when going gets tough, the tough must get going.