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Writer's pictureJason Chan

Tao Perspective: How to Manage Unemployment and Lost Business Income

Updated: May 28, 2020

As the Coronavirus pandemic continues, the number of people becoming unemployed or losing business income is mounting. Countless numbers of businesses—restaurants, salons, hotels, shops, and factories—have closed temporarily or, in some cases, permanently.

If you are born the year of Rat, Horse, Rabbit and Rooster, you may be more prone to be laid off or expect to be; it's critical to take advantage of every possible benefit and pivot to a new opportunity as quickly as possible.






1. Understand your unemployment circumstances

There is a difference between being laid off and being furloughed, so be sure you understand the circumstances for your unemployment. Ask to get the terms of your separation from your company in writing. Moreover, do not sign anything before you've had time to understand it fully. A furlough generally implies that the company plans or hopes to bring you back after a certain period. Think of it as mandatory leave without pay. A layoff, or reduction in workforce, generally implies full termination from a company. Your role, a percentage of the company workforce, or certain divisions may get eliminated. Another situation is a complete office closure, which happens when an entire location or company shuts down. It’s similar to a layoff in that it’s usually a full separation, although sometimes you could be asked to relocate to another division or office location.



2. Know your benefit options

During a furlough, your company may continue to provide regular benefits and vest equity or matching purposes (though this varies by company). Some companies allow you to bridge some of the initial furlough by using any available paid vacation days. With a layoff, your benefits may end right away, or some may continue through the end of the month.


In March 2020, the government grants allow many people to collect unemployment aid. You may now be eligible if:


  • Your employer permanently or temporarily laid you off due to coronavirus

  • Your employer reduced your work hours due to coronavirus

  • You are self-employed and have lost income due to coronavirus

  • You’re unable to work due to a risk of exposure to coronavirus


The bottom line is that if you’ve lost a substantial amount of your job or self-employment income due to the coronavirus, you’re likely eligible for unemployment benefits.



3. Don’t be afraid to use your network

With so many people stuck in their homes right now, there's an opportunity to reconnect or start a conversation with someone who can help you find a new opportunity. You may find that during the coronavirus crisis, people in your network may be more willing or have more time to help. So, get a leg up by having the confidence to reach out to your network.


  • Rat: Ox, Monkey and Dragon

  • Ox: Rat, Snake and Rooster

  • Tiger: Pig, Horse and Dog

  • Rabbit: Dog, Goat and Pig

  • Dragon: Rooster, Rat and Monkey

  • Snake: Monkey, Ox and Rooster

  • Horse: Goat, Tiger and Dog

  • Goat: Horse, Rabbit and Pig

  • Monkey: Snake, Rat and Dragon

  • Rooster: Dragon, Ox and Snake

  • Dog: Rabbit, Horse and Tiger

  • Pig: Tiger, Rabbit and Goat



4. Prepare to impress recruiters


You may use your birth chart to discover your strength and weaknesses to apply for the right role, industry, and training. Make sure your profile is updated and highlights your skills and experiences.


Also, you may consider consulting a geomancer practitioner on your chances and changes you should make in your life and environment. Sometimes, it is not easy to do it on your own as you may have "egotistical" blindness to your character.



You may contact us if you like more information on our services. Please email to jasonchan@wonyanconsult.com


May luck be with you









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