Is Recession a State of Mind?
It is interesting how that word, "Recession" strikes fear into the very heart of all Americans. But the truth is, the media drives our fear. We hear of this company and that company failing. We hear of layoffs and job losses. We might have even been one who was pink slipped and so it only adds to the reality that the world is crashing down around us.
Is it really?
My opinion? There is an old saying that life is 10% what happens to you and 90% on how you deal with it. If you lose a job and jump right back in like you normally would with an optimistic attitude. Chances are that you will soon have another job. If you sit home, bemoaning the fact that you are another check in the statistics of what the recession is doing you will not. Don't jump in without researching things. It isn't that money is not being made today during this current economic situation, it is that you need to look for where the opportunities are.
Let us look at the Great Depression. Some investors made a great deal of money during this period of time. How? They looked at what was undervalued, needed and knew to ride it out. Men such as Floyd Bostwick Odlum and John Maynard Keynes invested in such undervalued firms and were millionaires when the Depression finally ended. Despite the Depression, some companies leveraged their advertising and came out ahead of their competition. An example today is any industry around weight loss is still moving forward. Consultants for Companies such as Isagenix are diversifying into the chocolate industry cross marketing to not only the weight loss industry but the energy/focus products that have flooded the market. Again, a product line not suffering as greatly in the current markets. People can give up traveling but not their chocolate.
Get education. Companies such as Wealth Masters are teaching people how to eliminate debt even in today's markets. Such education should include how to maximize and increase your cash flow. You need to network with the positive people in the world and quit watching Continuous Negative News. You need to make sure you know how to market in today's rapidly changing market. The Internet has expanded how we do business to the whole world. But it is full of traps and pitfalls. Make sure you are getting what works and not just what people are selling you. That is why I opened Balanced Freedom. I wanted a company that taught me how to market and gave me good online busines strategies. I wanted to know that I was getting the most for my advertising dollars. Since getting that education, there has been no looking back.
So is the Recession a State of Mind? No, it is real. Just look at the statistics, the closing businesses, the struggling Real Estate and the job losses. For the World, the recession is a real impacting event. However, the question is, will you let the 10% of what is going on, affect the 90% of you will do with it. Will you rise above when everyone else is bemoaning their fate. The answer... that is totally up to you!
Joe Dager
Joe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing.
What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R.
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David Barr
David Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business.
David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website
Stephanie Robey
Stephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals.
She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University.
Cheryl is a life skills coach,
licensed Chemical Dependency
Counselor and a 20 year
entrepreneur. Cheryl's
dedication to achieving a life of
balance led to her expanding her
teaching from the simple managing
of life's daily challenges to
adding financial well being as
well. A direct marketer with
DrinkACT, she
is gaining ground in the online
community with her concepts of
making sure business owners,
entreprenuers and employees have
well rounded life styles. She
opened up a small affiliate site -
The Balance
Guide- to help others
find resources for mental and
emotional well being. Visit
Cheryl's blog to see more of the
diversity beyond business she has
began offering online at
www.thebalanceguide.blogspot.com
Cheryl Matthynssens is a Platinum author on EvanCarmichael.com
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