Make the Downturn Work For You

“The best companies do more than survive a downturn.  They position themselves to thrive during the subsequent upturn, guided again by a number of broad objectives.”
– Harvard Business Review (Febuary 2009)

Do you know where the opportunity lies for your company (and/or your career) during this time of great uncertainty?  In this blog post, we focus on the opportunities that await those determined to make the downturn work for them.

13 Massive Companies That Started During a Recession

“…if history proves to be any sort of reliable predictor, recessions have actually served as the launchpad for some of the world’s most incredible businesses.” – The Startup (Medium)
  Learn more here.

Turn Massive Challenges into Meaningful Change + Opportunities.

Accenture has done a remarkable job of effectively packaging insights from the firm’s experts in a simple and straightforward way to help organizations turn massive complexity into meaningful change.
Learn more here.


Career Tips + Strategies for Experienced Professionals

More than 500,000 people in North Carolina have filed for unemployment in the weeks since businesses starting closing down due to the pandemic.  This equates to 10% of North Carolina’s workforce.  And the picture is certainly challenging in South Carolina, too.  Last week, WalletHub released a study that compared unemployment claim increases in USA states for the week of March 30, 2019 to the same week in 2020.  North Carolina’s unemployment claims rose 4282.7% year-over-year (7th highest in the nation), while South Carolina’s claims rose 3931.2% (33rd highest in the nation).

With the rise in unemployment, we have curated links that have relevance to professionals – especially those who are experienced in their career paths.

It might be time to think about a career change.
Times of crisis can fuel pivots in your career path. This article provides terrific insights and is aimed at professionals in the 50+ age range.
Click here.

LinkedIn has free resources to help with job search strategies.
11 free courses to help you build a job search strategy, lean on your professional network, and improve your interviewing skills.
Click here.

Why losing a job deserves its own grieving process.
The loss of a job triggers grief.  Understand the grieving process and use these 3 tips to get into a productive mindset.
Click here.

How to prepare for the future of work in uncertain times.
Some great career tips from Forbes on how to use the disruption created by the pandemic to take control and future-proof yourself.
Click here.

How to train your mind for high-pressure situations.
Tips from an Olympic Coach to help you excel during interviews, negotiations, etc.
Click here.


Self Care During COVID-19

Data from 68,000 fitness trackers show Americans are moving less under quarantine (CNBC/Evidation Health).  Join Croixstone + Personal Health Consultant Carey Long for a 30-minute Zoom video meeting to learn a framework to practice self care during COVID-19.  Based in Charlotte, Carey specializes in working with senior business professionals.
Tuesday, April 14 from 12-12:30pm.
Register for free here.


Links to Navigate the NOW Normal.

In last week’s blog post, we provided a list of links to help consultants, job seekers, and others navigate the “now” normal.  In this week’s post, we provide additional links with a focus on networking. 

8 smart ways to keep networking while you’re stuck at home.
The wisest among us are not letting the quarantine stop mission-critical networking.  Fast Company magazine shares 8 tips from a networking guru.
Click here.

How to network in the age of Coronavirus.
A marketing & branding consultant shares her advice with Ladders.
Click here.

The dawn of the virtual happy hour.
Happy hours haven’t gone away.  They are still going strong, and they definitely fuel networking.  Learn more via Forbes.
Click here.

Virtual happy hours are boosting morale at work.
Chief Executive magazine provides additional perspective on the virtual happy hour trend.
Click here.

10 tips to secure your Zoom video calls and meetings.
Stay safe with these helpful tips from cybersecurity advisory Joseph Steinberg.
Click here.


The NOW Normal.

Life has changed dramatically for all of us in the Charlotte region over the past couple of weeks.  Given the vast uncertainties we’re facing with COVID-19 and the economy, the Croixstone team isn’t quite ready to call these times the “new” normal.  We prefer to think of our current state as the “now’ normal.  

Whether you are presently employed or seeking your next opportunity, COVID-19 is causing all of us to think, and act, differently. The following links are designed to help you navigate the “now” normal.

Learn about consulting.
Join Croixstone + the Charlotte Chapter of the National Black MBA Association for a virtual Zoom meeting/webinar on “The Business of Consulting.”  Joining us will be leaders from Deloitte, The Kaleidoscope Group + The Graybeard Partners.  Wednesday, April 8 from 6-7:3pm.
Grab your tickets here.

Learn how consulting revenues may be impacted by COVID-19.
Yes, the consulting industry is being impacted.  Source Global Research has surveyed hundreds of consulting firms from across the world to gain insights.
Click here.

Find a job.
Your best strategy during the COVID-19 pandemic might be to focus on short-term solutions.
View this Fast Company article to learn more.

Learn more about collaboration tools.
Inc. magazine has compiled a comprehensive list of tools including pricing.
Click here.

Learn how to stay productive + connected while at home.
LinkedIn is offering 16 free professional development courses on Microsoft Teams, Skype, Zoom and more.
Click here.

Learn Zoom basics.
Zoom experts host interactive, live training webinars daily.
Sign-up for free or watch a previously recorded training session.
Click here.

Take your Zoom skills to the next level.
Learn 13 Zoom video chat tips, tricks + hidden features.
Click here.

Learn how to run a virtual meeting.
An executive recruiter shares 8 cardinal rules for successful virtual meetings with Forbes.
Click here.

Access a library of COVID-19 resources.
Check out the Charlotte Regional Business Alliance’s “COVID-19 Resource Portal.”
Click here.

Learn how to lead during a crisis/downturn.
5 great tips from Chief Executive magazine.
Click here.

Find your right work-from-home playlist.
LinkedIn is now on Spotify with a variety of playlists curated for the varying times of your career journey.
Click here.


Financial Modeling + Stress Testing

PwC surveyed 50 U.S. and Mexico finance leaders last week to gain insights into how COVID-19 is likely to impact their companies. 40% of the survey participants said they were facing difficulty in assessing the impact.

That difficulty is understandable. That said, now is the right time for CEOs, CFOs and other leaders to embrace the uncertainty and leverage financial modeling and stress testing to help in reassessing near-term priorities.

We can help.


Coronavirus Toolkit Links

The COVID-19 outbreak is undoubtedly a global humanitarian challenge. While addressing the humanitarian challenge is a top priority, many business thought leaders are concurrently providing insights and best practices to help business leaders navigate through these uncertain times.

This special blog post is dedicated to spotlighting a curated list of quality resources (many at no cost) to help business leaders in making crucial people and organizational decisions during the ongoing crisis.

Accounting Today:  Coronavirus Resources (free)
Charlotte Observer:  Coronavirus Updates (no paywall)
CDC:  Coronavirus Website
Deloitte:  Coronavirus Resources (free)
EY:  Coronavirus Resources (free)
Inc. Magazine:  Free Remote Working Software Options
Grant Thornton:  Coronavirus Resources (free)
Korn Ferry:  Leadership in an Outbreak (free)
KPMG:  Coronavirus Resources (free)
McKinsey & Company:  Executive Briefs (free)
PwC:  Coronavirus Resources (free)
The New York Times:  Coronavirus Resources (free with registration)
SHRM:  Coronavirus Resources (membership required)
Vox:  Free Work From Home Software Options
Wall Street Journal:  Coronavirus Site (free)