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What’s Hot in 2009: Careers

maple_leaf_foods_logo This week on The Bigg Success Show, we’re taking a look at opportunities and threats in 2009. We begin the five-part series today by looking at careers.

We recently posted an article on hot careers for 2009. On today’s show, we want to share some more thoughts. It’s a tough market if you’re looking for a job or changing careers right now. However, rest assured, there will be opportunities in 2009.

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Opportunities in 2009

In the near future, we think the best opportunities will be “pockets”. As we define this term, “pockets” are niches within a larger job category. To find the pockets of opportunity in 2009, think about what’s been in the news and what opportunities in your area of expertise may benefit from that news. 

For example, while foreclosures and bankruptcies are wreaking havoc on many, they are also creating opportunities for others. The finance profession has probably been hit as hard, or harder, than most fields.

However, opportunity still exists for certain specialists. A friend of ours is employed by a major bank’s workout department. In the last month-and-a-half, they’ve gone from our friend and one other employee to a department with about forty employees.

Some of these opportunities may be really hot in the next year or two. Then it will be time to move to a different specialty.

Opportunities in 2009 and beyond

For the long-term, think trends. In the article we mentioned previously, we looked at careers that the Bureau of Labor Statistics expects to be in high demand for the next eight years or so. Then we refined it by looking at expectations for 2009, industry by industry. 

If a downturn was expected in an industry, we excluded careers in that field from the list. For example, it’s expected that the casino industry will be hiring people at an above-average rate in the coming years. However, the industry isn’t expected to do well in 2009 so we removed jobs in that sector.

One trend we’re all familiar with is the aging of the baby boomers. As they reach retirement age, many career fields are expanding to serve them. One is the health-care arena where demand for workers isn’t expected to be saturated for some time to come.

Another field that plays into this trend is financial services. Especially in light of what we experienced in 2008, people are being more diligent with their investments. In particular, the baby boomers are looking for professionals who can advise them on crucial financial decisions.

These are just a couple of examples that play off this one trend. The full article has over fifty occupations with a bright outlook in 2009 and beyond.

Even if you’re not currently in the market for a job, you might find it valuable to take a look at this information. You may just discover your bigg opportunity.

___

Get the tips and tools you need to be a BIGG success
when you subscribe to our weekly newsletter
the Bigg Success Weekly – it’s FREE

___

Thanks so much for checking in with us today. Again, be sure to check out our extensive article on hot careers for 2009, you'll find over 50 professions listed. Next in our series of what’s hot in 2009, we’ll focus on business opportunities. Until then, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00301-010508.mp3

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(Image in today's post by MISHA)

BIGG Success Logo boxed

What's Hot in 2009: Careers

maple_leaf_foods_logo This week on The Bigg Success Show, we’re taking a look at opportunities and threats in 2009. We begin the five-part series today by looking at careers.

We recently posted an article on hot careers for 2009. On today’s show, we want to share some more thoughts. It’s a tough market if you’re looking for a job or changing careers right now. However, rest assured, there will be opportunities in 2009.

___

___

Opportunities in 2009

In the near future, we think the best opportunities will be “pockets”. As we define this term, “pockets” are niches within a larger job category. To find the pockets of opportunity in 2009, think about what’s been in the news and what opportunities in your area of expertise may benefit from that news. 

For example, while foreclosures and bankruptcies are wreaking havoc on many, they are also creating opportunities for others. The finance profession has probably been hit as hard, or harder, than most fields.

However, opportunity still exists for certain specialists. A friend of ours is employed by a major bank’s workout department. In the last month-and-a-half, they’ve gone from our friend and one other employee to a department with about forty employees.

Some of these opportunities may be really hot in the next year or two. Then it will be time to move to a different specialty.

Opportunities in 2009 and beyond

For the long-term, think trends. In the article we mentioned previously, we looked at careers that the Bureau of Labor Statistics expects to be in high demand for the next eight years or so. Then we refined it by looking at expectations for 2009, industry by industry. 

If a downturn was expected in an industry, we excluded careers in that field from the list. For example, it’s expected that the casino industry will be hiring people at an above-average rate in the coming years. However, the industry isn’t expected to do well in 2009 so we removed jobs in that sector.

One trend we’re all familiar with is the aging of the baby boomers. As they reach retirement age, many career fields are expanding to serve them. One is the health-care arena where demand for workers isn’t expected to be saturated for some time to come.

Another field that plays into this trend is financial services. Especially in light of what we experienced in 2008, people are being more diligent with their investments. In particular, the baby boomers are looking for professionals who can advise them on crucial financial decisions.

These are just a couple of examples that play off this one trend. The full article has over fifty occupations with a bright outlook in 2009 and beyond.

Even if you’re not currently in the market for a job, you might find it valuable to take a look at this information. You may just discover your bigg opportunity.

___

Get the tips and tools you need to be a BIGG success
when you subscribe to our weekly newsletter
the Bigg Success Weekly – it’s FREE

___

Thanks so much for checking in with us today. Again, be sure to check out our extensive article on hot careers for 2009, you'll find over 50 professions listed. Next in our series of what’s hot in 2009, we’ll focus on business opportunities. Until then, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00301-010508.mp3

Related posts

1489]

1490]

(Image in today's post by MISHA)

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Top Threats to Your Career and Finances in 2009

By Bigg Success Staff
12-17-08

caution

We’ve all heard plenty of bad news recently, but the bad news now is that there is more bad news to come. While we must think about the opportunities in front of us, it’s also important to consider the threats to our careers and our finances so we can prepare appropriately.

Recession

Consumers, businesses, non-profits, and governments, all over the developed world, are learning a hard lesson about leverage. We will climb our way out of this recession but it will take some time. Before it’s through, it will be one of the, if not the most, severe recession since the Great Depression. 

Layoffs will continue. In most recessions, layoffs occur mostly at the bottom of the earnings / education spectrum. Expect this recession to be more evenly distributed, if not hitting higher end jobs harder.

Outsourcing

Companies will continue outsourcing, but here’s the difference. Manufacturing jobs have been getting shipped overseas for some time now. As fuel prices rose, there actually seemed to be a resurgence in companies bringing manufacturing jobs back on shore.

Now more white-collar jobs are at risk thanks in part to technology that allows information to be shared instantly from any place in the world with internet access. We found a great article that discusses the characteristics of jobs that can now be easily outsourced and jobs that can’t. It also lists what you can do to make yourself less vulnerable and provides a list of jobs by their level of risk to offshoring.

Deflation

Expect deflation to continue as everybody keeps a tight lid on spending, the credit markets remain relatively tight, and inventories of everything from housing to cars remain comparatively high. The good news is lower prices will remain, but …

Inflation

Governments in the developed countries have poured money into the world economy at unprecedented rates. At some point, once the credit markets loosen up and demand returns, inflation could become a problem.

We’ve just witnessed prices on everything from gas to groceries rising quickly. We could see it again. It will take wise leadership to know when to slam on the brakes on economic stimulus without tightening so much that another recession ensues.

If this happens, that cash stash will quickly lose its value. Investments in hard assets have typically performed well in times of inflation.

Delayed retirement

A number of retirees are being forced to look for work after the freefall of their portfolios. Even more people who planned to retire soon are putting those plans on hold because they need to bulk up their assets again before they stop working. This will create even more competition in already tight job markets.

Benefits

Employers are under intense pressure to cut costs. It’s reasonable to expect them to cut benefits. Even if it’s promised now, don’t count on having health insurance provided to you as a retiree. Even while you’re working, expect to cover a greater share of the premiums.

Also don’t be surprised if your employer cuts back or eliminates the matches on your 401(k). These aren’t the only benefits at risk, but they’re two of the most significant ones.

Access to credit

It won’t show up on your personal balance sheet, but your credit score will be an incredible asset. Cash will be king as long as prices remain in a deflationary state. At some point, cash along with the ability to access credit will open doors for opportunities that most of us will never see again in our lifetimes. 

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Get the tips and tools you need to be a BIGG success
and get our FREE Goal Planning Workbook when you
Subscribe to the Bigg Success Weekly – it’s FREE too!

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Hear today's lesson and laugh on The Bigg Success Show. 

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Hot Businesses in 2009

By Bigg Success Staff
12-17-08

2009_hot

It’s not easy to succeed in your own business even in good times. So why would anyone consider starting a business now?

You might be surprised to know that many people think it is a good idea. They learn they can’t easily replace the income earned from a lost job and decide to try their hand at self-employment. In addition, after losing a job, a person might want to feel a stronger sense of control over his or her own life. Being your own boss may be the answer.

Whether you’re considering starting your first business or adding to your empire, it pays to think about what will be hot in the near future. Here are our picks for the best businesses to be involved in for 2009:

Repairs

Consumers and businesses are expected to cut back on their major purchases in 2009. So rather than replace their old do-hickey, they will repair that old do-hickey. This will create tremendous opportunities for repair businesses.

As an example, shoe repair shops are reporting incredible demand. This is a highly fragmented industry with lots of possibilities. How about a service that picks up and delivers shoes that need to be repaired? A good place to start your investigation would be the Shoe Service Institute of America

Reports are that more people are staying home more often. So home repairs of any kind should do well in the coming year since people will be home to see, hear, or smell the problems they may not notice in good times. For example, handyman services were booming even before the recent financial storm. They are expected to continue to thrive in the current economy.

These are just two examples of repair businesses that are likely to thrive in 2009. It is impossible to list all of the possibilities. So think about your own repair skills or find a partner who can do the repairs while you run the business. Then research the industry to see if the service you’re thinking about is experiencing growth right now.

Used

Consumers and businesses are also expected to purchase “used” more often in 2009. In fact, used may become chic in a world where frugality is a status symbol. So look for opportunities in industries that offer lower-priced second-hand products rather than something new.

If you have a flair for fashion, consider starting a resale clothing business. There are many possibilities even within this category. In most cases, these businesses are racking up sales almost as fast as they can get clothes on the rack. 

Beyond clothes, there are many more businesses that sell second-hand items that are reporting boom times. From books to office furniture, if there’s been demand for new products in the past, there is probably demand for used items now.

Think about what you like to buy and then do some research to see where it’s being offered second-hand. Don’t be discouraged if you see some competition. Instead, think about what you could do differently (and better).

Seniors

The baby boom is starting to retire. This will create demands for products and services for seniors like never seen before. Many of these businesses will thrive in spite of economic conditions.

Start a senior service business to and help seniors do things that they don’t know how to do, don’t want to do, or can’t do. There are a number of ways to service this large and growing market including starting a(n):

  • adult day-care center
  • relocation service
  • home health-care service
  • concierge service

You could also think about combining opportunities. By this we mean, you could target seniors with your new repair business or think about used items that would be useful to seniors.

Free agency

Here’s something to ponder – if you have a job, you essentially have one customer. What kind of security does that offer? We think it’s possible to have freedom with security.

The overwhelming majority of small businesses are micro-businesses, often consisting of a single person. We think more people will continue jumping on this free agency bandwagon in the years ahead.

So instead of going for a new job, why not try to land two customers that pay you what you would expect to earn from a single job? Take that special skill you have and market yourself as a specialist rather than an employee.

Like any business, it’s usually not easy to get started. While start-up costs can be minimal, you still need the financial resources to weather times with little income or you can start part-time. However, many people find the lifestyle of a free agent very rewarding.

Consider a franchise

Franchisors often state that, when layoffs occur, they get more prospective franchise buyers. So expect franchise sales to do well in the coming year. Another piece of good news is that many franchisors will be more likely to help with the upfront financing, directly or indirectly, in light of the credit markets.

In addition to that, when you think of investment alternatives (e.g. stocks, real estate), a franchise may seem like a good option. Many people may prefer to invest in something over which they feel they have more control after the volatility of the last year. 

Many franchisors offer a proven business model. They are often less risky than a new franchise system. However, there may be more opportunity in a new franchise system. You have to determine what is best for you. Start by learning how to buy a franchise.

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Get the tips and tools you need to be a BIGG success
and get our FREE Goal Planning Workbook when you
Subscribe to the Bigg Success Weekly – it’s FREE too!

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Beware of scams

One word of warning – in tough economic times, scam operators come out in full force. Kiplinger has a great quiz that tests your ability to spot a scam. They present you with eight business opportunities, some which are legitimate and some which aren’t. See how you do!

Then apply this to the real world. With any opportunity you consider, trust your own instincts and do your own research. Prove to yourself that it is the right opportunity for you and the right time for the opportunity.

Hear today's lesson and laugh on The Bigg Success Show. 

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5 Questions for Job Seekers in 2009

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Hot Careers for 2009

By Bigg Success Staff
12-15-08

2009_hot

There is no question that it is a tough market to be looking for work. However, there will be opportunities in 2009. To find one that’s right for you, think news lines and trend tracks.

News lines

If you want to know what will be the hottest careers next year, look at the headlines this year. Related jobs may not be in the highest demand in the long run, but there certainly will be plenty of opportunities in 2009.

Many of these jobs are specialties within a larger job category. Therein lies a lesson for all of us – think about what you do and how it relates to the news. Then look for opportunities within that niche area.

Foreclosures and bankruptcy
Professionals who can help companies work through the financial and legal morass left by the housing bubble will do well in 2009. Banks, law firms, accounting firms, and large corporations are already ramping up workout departments, creating a need for both the professionals themselves and people who assist them.

Collection agents will also be in demand as businesses turn to outside firms to collect money they haven’t been able to collect themselves.

On the consumer side, credit counseling is an old industry with a new reputation. It is now considered mainstream and occupations in this industry were growing rapidly even before the last quarter of 2008. For more information:

National Association of Certified Credit Counselors 

International Association of Professional Debt Arbitrators 

Center for Financial Certifications

Energy costs
Oil hit new highs in 2008 only to recede to prices not seen for years. However, it is fully expected that oil prices will rebound. Alternative energy companies are expected to do well, especially if expected development incentives from the U.S. government come through.

Since this is a relatively new industry, not many people have direct experience. So the industry will recruit from outside for all areas of the business. If you have transferable skills, consider companies in the emerging industry. This field should have traction for some time as the developed world moves from its dependence on oil.

Layoffs
The last couple of jobs reports have been dismal. Companies are cutting back on their workforce with a vengeance. Career coaches should be in demand as more people become disillusioned with their current career and seek more fulfilling alternative. You can learn more about coaching from the dominant certifying body, The International Coach Federation.

In tough times, many people think about starting their own business so they can have more control over their lives. One of the best ways to do that is to buy into a franchise system. Expect franchisors – those companies who offer franchises for sale – to do well. For more information about the franchise industry, check out the International Franchise Association. You might even decide to be your own boss and buy into a system yourself.

Trend tracks

There are careers that play off major trends that should still do well in 2009 and beyond. We took a two-step approach to developing this list. First, we turned to the Occupational Outlook by the Bureau of Labor Statistics. These are careers expected to be in demand through 2016 because they play off of major trends – the aging population, the growth in education, technology, and more.

Then we refined the list by looking at industry predictions for 2009. If an industry was still projecting growth, we kept it on the list. If not, we culled it. Here’s our final group, organized by level of education required:

Professional degree
Dentists
Lawyers
Optometrists
Pharmacists
Physicians and surgeons
Veterinarians 

Doctoral degree
Biochemists and biophysicists 
Clinical, counseling, and school psychologists 
Computer and information scientists, research
Medical scientists, except epidemiologists
Teachers (postsecondary)

Master’s degree
Counselors (educational, marriage and family, mental health, rehabilitation, school, vocational)
Mental health and substance abuse social workers
Physical therapists
Physician assistants

Bachelor’s degree plus work experience
Actuaries 
Computer and information systems managers
Education administrators, preschool and child care center/program
Medical and health services managers

Bachelor’s degree
Accountants and auditors
Computer software engineers, applications
Computer system analysts
Financial analysts and personal financial advisors 
Network systems and data communications analysts
Substance abuse and behavioral disorder counselors
Teachers (elementary school, except special education)

Associate degree
Cardiovascular technologists and technicians
Computer support specialists
Dental hygienists
Environmental science and protection technicians, including health
Paralegals and legal assistants
Physical therapist assistant
Registered nurses
Secretaries (legal)
Veterinary technologists and technicians

Vocational degree
Automotive service technicians and mechanics
Licensed practical and licensed vocational nurses
Nursing aides, orderlies, and attendants
Teachers (pre-school, except special education)

Experience in related field
Sales representatives, wholesale and manufacturing, except technical and scientific products
Self-enrichment education teachers 

On-the-job training (long-term)
Automotive glass installers and repairers
Electricians
Interpreters and translators
Plumbers, pipefitters, and steamfitters
Police and sheriff’s patrol officers

On-the-job training (moderate-term)
Bookkeeping, accounting, and auditing clerks
Dental assistants
Maintenance and repair workers, genera
Medical assistants
Pharmacy technicians
Social and human service assistants

On-the-job training (short-term)

Home health aides
Personal and home care aides
Physical therapist aides

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Get the tips and tools you need to be a BIGG success
and get our FREE Goal Planning Workbook when you
Subscribe to the Bigg Success Weekly – it’s FREE too!

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Great guide

We found a great resource that may be unfamiliar to you. It’s called Career Voyagers. While it seems designed for career choosers, rather than career changers, we still think there is a great deal of value in spending some time with it.

You can look at industries in which you have a particular interest. For a more general view, check out their Top 50 In-Demand Occupations and Other In-Demand Occupations.

Hear today’s lesson and laugh on The Bigg Success Show. 

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