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Caring Less Would Greatly Benefit Your Job Search

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Caring Less Job Search

The Greek Stoic philosopher Hecato once said: “Cease to hope, and you will cease to fear.”

You would be hard-pressed to think of an activity that combines hope and fears more messily than job hunting. Anyone who has ever searched for a job knows what it feels like to hope for a particular job while fearing not getting it. It is this tussle between hope and fear that causes job search stress.

Paradoxically, when you are hoping something good will happen (Securing the job you want.), you are also afraid that something good will not happen. (You will not get the job.)

Although rejection is inevitable when job searching, it is hard not to feel deflated when it occurs and not take it personally. It is fear of rejection that prevents people from pursuing their dream job at their dream company, earning their dream income.

This fear can be overcome by letting go of your attachment to the outcome; by caring less!

The advice I am about to give you comes from the years of personal experience it took me to finally realize that while job searching, a mental state of detachment is the best state to be in.

In other words, the less you give a damn, the happier you are.

Your brain and the quality of your thoughts are the only things you can control. Therefore, stop caring about things that are outside your control. Let employers do their “hiring process,” which, as I have pointed out in previous columns, they own, not you. Que sera, sera. Do your best and stop fretting over what you cannot control. (e.g., biases, hiring process length, being ghosted, the employer will not meet your compensation ask) 

If you let fear override your confidence, you risk coming across as desperate, which repels hiring managers.

Job seekers commonly fall victim to the scarcity mindset, which is based on the belief that there are limited jobs and that opportunities are few.

Another common trap is creating a self-fulfilling prophecy by equating rejection with self-worth. The less confident you feel, the more self-doubt creeps in, tempting you to lower your standards. Every day throughout the corporate world, the best and most qualified candidates are rejected for infinite reasons beyond their control. When you do not care, you shrug your shoulders and move on.

An effective way to develop a positive mindset is to list your accomplishments and why you would make a fantastic hire; call it your “brag list.” There are many things you can include on your list: projects you worked on, measurable results you have achieved, your character traits (e.g., resourcefulness, creativity, curiosity), and being in optimal health.

Building confidence is not the only reason to write a brag list—it will assist you in recollecting past accomplishments, which you can create STAR (Situation, Task, Action, Result) stories around for your interviews.

A critical step in building and maintaining a confident, detached mindset for your job search is practicing more positive self-talk. Instead of asking yourself, “What is the worst that can happen?” ask yourself, “What is the best that can happen?” Train your brain to come from a place of empowerment versus anxiousness.

Your job hunt should not be an all-consuming activity that occupies you mentally and physically 24/7. I have met more than my fair share of job seekers obsessing over their job search, which is counterproductive. Effective job seekers set healthy job search boundaries, such as only conducting job search activities between 9:00 AM – 5:00 PM, Monday to Friday, having a relaxing lunch every day, reconnecting with family and friends and engaging in hobbies and leisure activities now that they have the time to do so.

I perform best when I am energized and enjoying my life; that is when everything seems to come together. It is your choice whether to refresh your inbox every five minutes, anxiously anticipating a reply to an email you sent, or go for a walk with a friend or your partner and be pleasantly surprised when you return to find a response.

Not only will caring less about the outcome of your job search help you become a more confident, attractive candidate—it will also relieve some of the pressure to be the perfect candidate, which, believe it or not, can open the door to opportunities.

Job seekers often tell me how much time and energy they spend writing the perfect application, only to hear nothing back. A detached mindset allows you to trust that you have given your best effort, even if it is not perfect, and use the energy you saved by not trying to be perfect to focus on more worthwhile tasks, such as reaching out to people you wish to network with, looking at different job boards, or just relaxing with a book and coffee.

By caring less, you let go of some self-destructive beliefs—limiting beliefs that can sabotage your job search and free up time to consider paths you might not have before; this is when the best opportunities present themselves.

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Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to 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.

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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)

The Canadian Press. All rights reserved.

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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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