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As a Job Seeker There Are 3 Job Search Truisms You Need to Accept

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A job search has many moving parts; your mindset is the most critical part. Tackling challenges, such as a job search, is easier if you have the right mindset.

 

Job search success isn’t achieved through wishful thinking — how you wish things to be. Success is achieved by adapting to, better yet embracing, realities, not beating your head against walls that won’t crumble down.

 

The following are three “job search truisms” every job seeker needs to accept if they want to minimize their job search frustrations and mitigate the time it takes to find their next job.

 

  1. You’re not owed a job, career or even to make a living.

 

With a sense of entitlement being so prevalent these days, I often see bitterness amongst job seekers [“I’m not getting what I deserve.”, “I’m not getting what I want.”]. Anger hinders a job seeker, along with increasing false pride, which becomes an insurmountable obstacle.

 

The easiest way to be disappointed, unhappy, frustrated, angry, or become depressed is to have an expectation you’re owed. You, and only you, are responsible for your job search.

 

The upside of assuming no one owes you: You energetically help yourself. For many people, this is a massive mind shift! Approaching your job search with an “I’m helping myself” mindset gives you a considerable mental boost, which is to your advantage. As well, such a perspective will carry you through the roller coaster of emotions you’ll be dealing with throughout your job hunt.

 

  1. Employers own their hiring process.

 

You may recall my column back in April, There’s No Universal Hiring Methodology. I brought up the fact, never mentioned by career experts, that no two hiring managers access candidates the same way. This also applies to companies — no two companies hire the same way.

 

As a job seeker, you need to accept that employers own their hiring process, which is their prerogative. A sense of entitlement has made it common today for job seekers to complain about how employers hire. What a waste of energy! Complaining won’t change how employers decide to hire.

 

Many candidates try to circumvent the employer’s hiring process or skip steps. By following the employer’s application instructions, as frustrating as they sometimes are, you’re setting yourself apart from your competition. Being able to follow instructions is a prerequisite for any job. Thus, employers look for this “willingness to follow instructions” in candidates.

 

  1. Today, networking is non-negotiable.

 

The most decisive route to job search success is to do what others are afraid to do, which is to network.

 

Networking is creating a fabric of personal contacts that can provide support, feedback, insight, resources, and information. In 2021, and for the foreseeable future, it’ll be raining resumes. Ask yourself: Who’s more likely to be hired, a stranger the hiring manager doesn’t know, or someone they’re somewhat acquainted with, or a referral? Your answer should convince you of the power of networking.

 

It’s common knowledge most jobs are unadvertised. Undeniable, those who build and nurture a professional network land the plumb jobs. However, many job seekers create excuses [e.g., they’re an introvert, networking feels sleazy, everyone’s too busy to listen to them] to avoid networking, even though networking has proven to be the most efficient way to finding a job.

 

Whatever your hang-ups [READ: limiting beliefs] are about networking, get over it! As a job seeker, your primary goal is to connect with people who can assist in your job search. Nothing will get you into an organization faster than having an inside person vouching for you.

 

Here are a few tips to get you started networking:

 

  1. Reconnect with old colleagues and alumni you’ve lost touch with.
  2. Leverage social media — connect with people online [LinkedIn, Facebook].
  3. Become comfortable talking to strangers.
  4. Read: Coffee Lunch Coffee: A Practical Field Guide for Master Networking, by Alana Muller
  5. Read: Never Eat Alone: And Other Secrets to Success, One Relationship at a Time, by Keith Ferrazzi

 

A job search is a huge undertaking. Having a mindset aligned with today’s job market’s realities is key to achieving job search success in the least amount of time. Mindset is everything!

 

______________________________________________________________

 

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.

 

 

Business

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)

The Canadian Press. All rights reserved.

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