Whether you’ve been prematurely and involuntarily ‘retired’ by a former employer or have come to the realization that your retirement income is going to need augmentation, the following article will point you in the right direction to acquire the mindset you’ll need to turn your ship toward success.

Baby Boomers: 7 Essentials to Turn Lay Off Disaster Into Job Success – By Susan A. Friedmann

Are you one of the many baby boomers who were starting to think, and get excited about retirement until just a few years ago when the economy went south? Instead, you were forcefully retired by being laid off.

There’s a growing realization that job security is no more. Plus, many of you are well aware of the fact that your employers, or former employers have little to no loyalty toward their employees, as it survival of the fittest. What this means is that baby boomers, men and women alike, face a much more uncertain future in retirement than your parents or grandparents dealt with.

In spite of that, there is light at the end of the tunnel. Here are seven essentials to turn your lay off disaster into your future success:

1. Believe in Yourself

If you’re a recently laid off baby boomer victim, take a moment and just breathe, and center yourself. As you reflect on your life, you recognize that you’ve faced many tough situations over the course of your life. This thought alone should help give you the strength to know that, hard as it may be, when you believe in yourself, you can face and survive any situation.

2. Reflect and Remember

As you look back at your life, and reflect and remember the tough times you experienced, jot them down in a notebook, quickly and succinctly. Create a log of some of the toughest times you have experienced and how you dealt with them. Any time you get scared by an event happening in your life, you can go back to these stories, and recall how you overcame them. You’ll amaze yourself at how strong, and resourceful you were, and this can help to motivate you in your current situation.

3. Exercise

Exercise is the best pick-me-up. Nothing works better to stimulate a good rush of adrenaline. Invest in some exercise videos or DVDs, join a gym and attend classes, or simply start walking or jogging around the block. Exercise activities help to boost your energy, as well as help increase your positive attitude.

4. Talk about it

One key component to surviving trying times is to talk about your situation. Don’t be embarrassed or ashamed. Rather, find a friend who’ll act as a sounding board, and who will allow you to rant and rave. Limit yourself to a set time, such as minute. Just enough time to let go of your stress and frustration. It’s always better to let it out than to hold it in. And, you never know, your friend may offer some new insight into your situation that will help pave your new path to success.

5. Decide what to do

The more practical side of your situation probably means that you’re going to start looking for a new job. However, with the current tough job market, you want to look beyond the traditional approach. Consider starting your own home-based business where you can be own boss, and write your own paychecks.

The Internet is ripe with moneymaking opportunities. From consulting, marketing, crafts, coaching and much more. You might even think of taking a hobby you enjoy and turning it into a business. Alternatively, you can promote other people’s products, and earn money through affiliate marketing. The sky is the limit when it comes to starting an online business.

6. Recognize the Perks

Running your own online business comes with many different perks, such as setting your hours, combining work and play, and making all your own decisions. The only person you need answer to is yourself. If you don’t like the way something is going in your home business, then you can change it, and try something new. No more waiting on committees to make decisions.

7. Combine Efforts

Once your online business is up and running, you still have the option to take another job to help supplement your retirement income. This means that any income from your online business is just gravy. Hopefully, with hard work, and dedication you can quit a traditional job, and stick to working for yourself.   Realize that however small the initial outlay to start your home-based business, you will need to create an ongoing budget for marketing and advertising. There are many free services on the Internet, such as various social media sites, but you can’t rely on them to run your business successfully. They are set up as a tool to help you. In addition you need to plan to invest extra dollars so that you can maximize your opportunities.

Being a baby boomer who’s been laid off is a very scary situation. With ever-decreasing salaries and the tight, tough and competitive job market, who knows where and when you will find your next job? But, if you will stay calm and breathe, start taking care of yourself and exercise all of your options, including starting an online home-based business, you may well find that you’re are better off now than you were before you got laid off. Retirement on your terms is well within your reach.

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Susan Friedmann works with boomer entrepreneurs and small businesses who want to reach their goals as fast as possible by providing the highest quality systems, tools and education in the world. If you’re eager to set up, and run a successful and fulfilling home-based business, visit http://richesinniches.com today. Article Source: http://EzineArticles.com