Jack’s Empowerment and Inspiration: 9. RISK MANAGEMENT - redundancy empowerment - empowering redundant workers - empowering redundant staff - Jack Lookman

9. RISK MANAGEMENT - redundancy empowerment - empowering redundant workers - empowering redundant staff - empowering redundant employees - making redundancy work for you - is redundancy a dead end? - is redundancy the end of the road? - making the most of redundancy - empowering the redundant worker - Jack Lookman - Rita Nnamani - Olayinka Carew - Jack Lookman Limited - Amebo - Ire o - Ire kabiti - Empowerment and Inspiration - Empowering And Inspiring Generations

Redundancy can cause you to feel as though the ground has moved under your feet. Everything is unknown, including your identity, finances, and future. However, learning to manage risk, rather than fear it, is one of the most empowering things you can do at this era. Risk management is a mindset that helps you make better decisions in unpredictable times; it's not just for large corporations or financial professionals.

Many people consider redundancy to be a risk in, and of itself—a loss of stability, regularity, and money. In actuality though, it may also present an opportunity to completely rethink your approach to risk. Many people learn that their work they believed to be stable wasn't actually secure after being laid off. So instead of trying to avoid all risks, you can learn how to understand them, plan for them, and turn them into opportunities. That shift in thinking is powerful.

The first step in managing risk after redundancy is to look at your finances realistically but calmly. What do you have right now? What do you absolutely need? And what can be adjusted for the short term? Creating a financial plan doesn’t mean cutting everything off—it means taking control. Whether it’s speaking with a financial advisor, exploring government redundancy payments, or checking what benefits you qualify for, it’s about ensuring that you have a safety net while you plan your next move.

But risk management goes beyond money. It also means preparing for emotional and career-based risks. Maybe you’ve been in one field for a long time and are considering retraining. That’s a risk too—but it might be the one that changes your life for the better. Sometimes the biggest risks are the ones that look like uncertainty, but lead to reinvention. It’s about asking yourself, “What if this is the moment I do something different?” and being willing to explore that possibility.

Another key part of managing risk is diversifying your sources of income or skill sets. The internet, freelancing, short-term contracts, or remote jobs—all these are ways of spreading your chances instead of relying on one single path. Many people in the UK have found that having multiple small income streams provides more stability than a single full-time role ever did. Redundancy might have ended one opportunity, but it doesn’t mean your options are gone. It simply means it’s time to build differently.

Then there’s the mental side of risk. Redundancy tests your confidence. It can make you cautious or fearful. But here’s something that’s rarely talked about—fear can be useful when you channel it into preparation. When you plan, when you learn, when you build slowly, you’re reducing risk by increasing readiness. Every new skill, every connection, every small win adds a layer of protection for the future.

Thank you very much to all our readers. You are much appreciated.

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