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Economic Fear Factor: We’ll Figure It Out

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Published: November 11, 2008 under Archived Featured Articles

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A few days ago, Ruth Ann asked me what coaching trends I’ve seen as I skim through the hundred or so media articles for the Chronicle of Coaching each week.

It was an easy answer.
It’s coaching people through the economic fear factor.

“Recession-proof your business.”
“Recession-proof your job.”
“Recession-proof your savings.”
“Recession-proof your life.”

How do we work through these challenges?

I’m reading a new book called ‚Äö√Ñ√∫The Go-Giver.‚Äö√Ñ√π Remember when your parents wanted you to be a ‚Äö√Ñ√∫go-getter?‚Äö√Ñ√π Times are changing. The idea of a go-giver is that you give first, and then you get back, automatically, naturally.
Hmm, I’ve heard this somewhere before.

This moment in history feels like a fresh call to service, and serving is a great way to abate the fear factor. Some people are going to need stuff. Other people have stuff. Go to places like www.freecycle.org and give what you don’t need ‚Äö√Ñ√¨ perhaps find something you do need. Give something. It’s a thrill.

This moment in history feels like a call for community.
No more I, me, mine!
More than ever, we are a changing global community with an abundance of resources. We can all participate more in efficient distribution of those resources. Our closets are filled with ‚Äö√Ñ√∫stuff‚Äö√Ñ√π that we don’t use, and I’ll bet somebody needs it. Our spirits are filled with unused talent, energy and ability, and I’ll bet somebody needs us.

Really, can we learn to “think outside the dollar?”

US President-Elect Obama calls us “citizens of the world,” and as we begin to act on this hopeful notion, the fear factor will shrink and the hope factor will swell.

Now seems the perfect time to explore the meaning of true wealth.
Hmm, I’ve heard this somewhere before.

I know coaches are helping clients deal with the economic fear factor, and coaches are feeling it as well. Share what you are doing for yourself and for your clients.

About the Author

Linda Ballew heads up the 'Breaking News' section of The Coaching Commons and is Operational Team Lead to boot. Responsible for coordinating all mentions of coaching around the world each week, Linda truly has the pulse of coaching's place in popular culture. And with 20 years of experience in the nonprofit world behind her, we rely on Linda to be our glue.

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