The weather and the economy have a few things in common:
- People blame both of them for ruining things.
- They are beyond our direct control.
- We can adapt in order to either lessen their impact or, if we are willing to apply some creative thought and hard work, we can benefit from them.
Agile or static?
The agile business owner sees the rain and decides she is going to sell umbrellas. The static business owner looks on and complains when people are not buying his sun cream.
The economy is what it is. Even the experts can’t agree on when things will improve in any meaningful way. Those hunkering down and hoping everything will go back to pre 2007 conditions could be in for a long and expensive wait.
I’m about to start a marketing session with one of my clients, who has seen her turnover increase by 240% this year already, with an even greater increase in her profits. Others in her industry are struggling right now, because they are not adapting correctly to the market. They are lowering their fees in a race to the bottom, whilst she has increased her fees. They are working hard trying to survive, whilst my client thrives because she is doing the right things, correctly.
You can’t improve the economy.
Thankfully, you don’t need to – because you can improve your strategy.
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Nice post Jim and so true. I like what Anthony Robbins teaches. CANI= Constant and Never Ending Improvement.
Hi Wade. I dislike what the guy does and his hypocrisy, but the message of investing in yourself is solid.
Hi Jim, what does he do that is bad and what is the story with his hypocrisy?
Try Google, Wade. Make up your own mind.
@Wade – Read this under law suits. http://en.wikipedia.org/wiki/Tony_Robbins
He’s also the guy that was selling his FANS courses on Super Human Relationships, whilst cheating on his wife with a married woman.
@ Jim and Jean Paul, I don’t see much wrong with him. Most celebrities encounter law suits at some point in their careers. Regarding the affair, it can happen to anyone, I am not prepared to judge him on that. His material has motivated me when I needed it. Anyway this is just my 2c worth. Have a good weekend.
Good for you, Wade.
Great rain/economy analogy
Let’s face it, the opportunities that the internet has given us all, more than compensate for a slow economy.
I’d much rather be having to innovate in an challenging internet economy than trying to build a bricks and mortar business in a boom!
That’s a fresh way of looking at it – I really like that, Andy.
Thanks for sharing, sir.
I can only think of the phrase: “Survival of the fittest”.
If you can’t evolve, prepare to disappear.
I like that, Ivan: “If you can’t evolve, prepare to disappear.”
Thanks for sharing.
you, robert kiyosaki, john maxwell, brian tracy and bishop david oyedepo gave me wisdom to become a millionaire in nigeria. THANK YOU ALL.
I agree hat success depends on the right attitude. That’s what entrepreneurship is about – leveraging your circumstances to suit you. I read some place that the slow economy is ideal for wholesale businesses as well as repair shops, because people would rather save money by buying in bulk and repairing old possessions, instead of upgrading them.
Hi Jim,
This post is simply genuine and awakening. A wise business man never passes the buck. He searches for opportunities even in the gloomiest of situations. Never lays blame on anybody or anything.
Regards,
Sanjib Saha