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4 Personality Traits for a Successful Job Search

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Due to the COVID19 pandemic you may be experiencing either unemployment or underemployment and are responding in one of two ways:

 

  1. You’re taking advantage of your newly found free time to conduct an extensive job search while building yourself into someone employers will likely hire.
  2. You’re happy to collect unemployment insurance and tell yourself companies aren’t hiring, so why bother looking for a job.

I’ve conducted many job searches and found certain personality traits were crucial for job search success.

Many will disagree with what I am about to say; it would negate their false narratives, excuses, and limiting beliefs (e.g., “I’m an introvert.”), which they attribute to their lack of job search success. I believe with effort and self-awareness, it’s possible to develop personality traits such as the following four which have been instrumental in my job searches being successful.

 

  1. A healthy ego.

Your ego is a mental tool you shouldn’t stifle. The healthier your ego, the better your capacity to handle setbacks, criticism, and rejection.

When we think of a person’s ego, we’re most likely to say, “Daryan has a big ego! He thinks so highly of himself.” What’s wrong with Daryan thinking highly of himself?

Embrace your ego! Just be careful you don’t over embrace it and cross the line into being narcissistic. An out-of-control ego can be destructive, as we’ve seen with many public figures like Lance Armstrong. Armstrong allowed his ego to destroy and manipulate others and ultimately himself. Instead, you want to create and maintain an ego that firmly supports you in believing in yourself. Self-belief is the foundational characteristic of a good competitor. A job search is a competition with candidates just as qualified as you.

 

  1. A high stress tolerance.

Job searching is stressful, especially if your financial resources are limited. Not being able to deal with stress healthily has many downsides. The most significant: stress, and the resulting anxiety, can paralyze you.

I admit I think there’s a natural predisposition when it comes to stress tolerance. Some people naturally manage stress better—they have a more carefree view of life. Then there’s the person’s respective situation. (e.g., A person with a large bank account will have less financial stress.)

I use principles from ancient philosophy, such as stoicism, to avoid fear and worry as much as possible. Do I always succeed? No, but I’ve gotten much better at managing my stress.

 

  1. Being level-headed. 

This is a tough one for me: Staying composed in stress-inducing situations, which a job search is full of. In situations like not getting the job after four interviews or being ghosted after what you thought was a great telephone interview, you want to avoid having an emotional response.

Not that long ago, I’d get emotional during stressful situations. I finally got tired of it. I saw how I was harming myself and others, so I committed to controlling my emotions. Take it from me; if you want to be more composed, you can. You simply need to practice it.

 

  1. Your energy and being persistent.

This is the biggest challenge for job seekers. Most things in life require long-term effort before any payoff. Unfortunately, it’s natural for our energy to go up and down. As a result, we’re not consistently persistent—and consistency is the key!

It’s not about how fast you are or how skilled you are. It’s about persistently making progress. You want to steadily “chip away” at your job search as if you’re destroying a wall. Destroy it in stages without wearing yourself down. If you go at it with force, even with a sledgehammer, you’ll only get tired and likely give up.

Manage your energy (eat healthy, exercise, get plenty of sleep, associate with positive people) so you’re active and persistent throughout your job search, which is comparable to a marathon.

Ultimately, none of these traits will guarantee job search success. What these traits will do is keep your job search in continual motion so that at any given time, you have several pokers in the fire. You can’t afford to let a bad interview, not landing the job, having your application rejected by your dream company, or being ghosted by the hiring manager derail your search. I’m talking about developing a winning mindset—a mindset that keeps you moving forward with your job search.

 

Speaking of mindset, a mindset that tells you that you’ll be fine no matter what happens is always a great one to have.

______________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers advice on searching for a job. You can send him your questions at artoffindingwork@gmail.com.

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Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

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TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.

Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).

SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.

The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.

WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.

SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.

SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

___

Yuri Kageyama is on X:

The Canadian Press. All rights reserved.

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Trump campaign promises unlikely to harm entrepreneurship: Shopify CFO

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Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.

“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.

“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”

Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.

On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.

If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.

These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.

If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.

However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.

He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.

“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.

Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.

The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.

Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.

Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.

Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.

Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”

In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:SHOP)

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RioCan cuts nearly 10 per cent staff in efficiency push as condo market slows

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TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.

The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.

The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.

RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.

The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.

RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:REI.UN)

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