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GeekMBA360

Career Advice At The Intersection Of Business And Technology

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Entries from November 2008

Glassdoor is a great career tool, but raising $6.5 million could be a bad thing for the company

November 13th, 2008 · Comments

I love glassdoor.com. I have recommended it to a lot of my friends. It has become my favorite career site beside Linkedin.com. Glassdoor fills a market need that neither Salary.com nor Payscale.com provides. It offers salary and work environment reviews at company level. For example, you’re offered a product manager job at Microsoft. You want [...]

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Tags: Company Analysis

5-Year ARM with 3 years to go. Re-finance or not?

November 12th, 2008 · Comments

Scenario: Bought a small house two years ago. Got a 5-year ARM at 6% interest rate — had a growing family with young kids, planned to upgrade to a bigger house in 5 years. Can we sell the house within the next three years and still make a profit? Given the recession and layoffs, we [...]

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Tags: Beat Recession · Saving Tips

The difference between recession and depression

November 12th, 2008 · Comments

There is an old joke among economists that states:  A recession is when your neighbor loses his job. A depression is when you lose your job. Don’t get overly concerned about recession or depression — let’s focused on what we can do, and take actions to put ourselves into better position to win. Share and [...]

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Tags: Beat Recession

A great investment book that teaches you how to think

November 11th, 2008 · Comments

What is the single most important lesson you have learned from the current financial crisis? Here is what I’ve learned: You cannot trust media, gurus, financial advisors, real estate agents, banks, mortgage brokers, etc. There is way too much noise out there in the market. And a lot of people are trying to make money [...]

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Tags: 401K and Money Market · Beat Recession

Mediocrity at Barnes & Nobles and why Amazon.com is winning

November 11th, 2008 · Comments

Seth Godin had a very insightful post "The sad lie of mediocrity". Call it Synchronicity — right after I read the post, I encountered mediocrity in action at local Barns & Nobles book store. Every September, I buy a copy of INC 500, Special 2008 Issue. I love the entrepreneurial success stories of the fastest-growing [...]

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Tags: Company Analysis · Start-up Success

Beat-Recession saving tips (11/10/2008): $12/month 24-Hour Fitness Pass and more

November 10th, 2008 · Comments

The bad news: Starbucks 4Q profit drops 97 pct on closure costs According to Nouriel Roubini, a New York University business professor who had correctly forecasted the current financial crisis, "There is going to be negative growth all the way to the end of 2009. The surprises from now are going to be on the [...]

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Tags: Saving Tips

Controlling Your Own Destiny When Losing Your Job

November 7th, 2008 · Comments

As of 11AM, Friday, November 7, 2008. Tech Industry has laid off a total of 44,190 employees according to TechCrunch. According to today’s unemployment report released by Department of Labor, the nation’s unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, far worse than economists expected [...]

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Tags: Beat Recession

I wish I was in Grand Park Last Night

November 5th, 2008 · Comments

I rarely talk about about politics and I’m not affiliated with any political parties. But, I’m very proud to be American at this moment of our history. I lived in Chicago for two years. It was one of my favorite cities in the world. I wish I was at Grand Park last night. My eyes [...]

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Tags: Beat Recession

New Career Path

November 3rd, 2008 · Comments

Question from a reader (some details were modified slightly to protect confidentiality and personal information): I recently got laid off from an IT position in the Silicon Valley and even during the time I was working I have been thinking about a career change. I’m 26 and don’t even have a computer science degree. I [...]

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Tags: Beat Recession · Career Transition · Go Back to School · Q&A