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by Matt Thomas

Like most small businesses we have taken our lumps in the past 30 days. After a strong start to the year, we anticipated a record-setting Q1 and were bullish that our momentum would carry into the second quarter. Then the stay at home orders were issued. And then came the first call. A local non-profit organization we have been working with for over a year needed to press pause. Bummer. We love these guys, the work they’re doing, but we understood. A few days passed and the second call came. A private equity group unsure how the virus would impact their portfolio canceled their engagement. Not a big surprise but concerning nonetheless. Only the bleeding hadn’t stopped. In the next two weeks, 36% of our monthly recurring revenue would evaporate. Basically any “non-essential” business we were working with went on a hiring freeze. Most pausing their engagements, a few canceling altogether.

I’ve watched as close friends have lost their businesses overnight. Most non-essential businesses in a poor cash position have taken debilitating blows, many will never recover. Some found their survival wholly dependent upon relief from the SBA in the form of a forgivable loan (I’m going to stay away from diving into the PPP and EIDL since it’s fairly fresh, there’s still quite a bit of unknown, and rollout has largely been a cluster). For the majority of small businesses, this virus and its impact on the economy have been a blood bath.

by Matt Thomas

People 30 years old and younger are unfamiliar with a world where a job was simply a means of putting food on the table or best case, saving for retirement. If you are over 30 then you walked (crawled?) through the 2008 financial crisis and ensuing recession. Those 30-35 entered a hostile job market and probably still remember asking themselves what exactly they went to college for!

Our economy is on quite a run right now with a bull market lasting much longer than anyone expected, and with recession indicators cooling off, it looks to continue for the foreseeable future. In a strong economy, candidates are often presented with multiple opportunities. In the recruiting industry, we see a sharp increase in passive candidate placements. In other words, folks who are not actively looking for a job but are open to new opportunities.

But how should we assess a new opportunity? Especially when we are fairly content with our current job. Here are 5 questions we should ask ourselves when assessing a new opportunity: