Posts Tagged ‘recession’

Strategies for Success in this Recession – Part 1: Change how you see things

Thursday, August 20th, 2009

changelook at things The world is in global economic melt down .. right?  And yet I am sure there are many people and businesses that are doing very well in today’s marketplace.   Of course there are practical difficulties with getting credit (if you need it) or perhaps with clients who lack liquidity.  However, if we give away our power to these external factors, we inevitably cast ourselves as victims of circumstances.

It is far better to recognise these changes as the opportunity that they undoubtedly are and begin to think how we can change to take advantage of this state of flux.  In a steady state market, the big boys always win as they have the resources and the reputation.  When things become turbulent, there are opportunities for smaller, more nimble, more inventive  businesses to steal a march on them.

Martial artists train so that when they need to use their skills they don’t become paralysed by fear.  It is easy to feel scared by all that is going on, but recognising the upside of this situation helps us to move forwards, and approaching things with a positive mindset helps us be creative. 

Being the same as everyone else and conforming is no longer the safe option.  Differentiate yourself: find or build a niche.  What element of the market particularly interests you or are you particularly good at?  What hasn’t been tried before or what classic ideas and techniques could be adapted today’s circumstances?  What techniques can be ported over from another area or discipline, such as what could a boat builder teach a house builder?  What ideas could be transferred from one part of the world to another one?  What is traditional in one place is innovative in another.

So Step One is to change how you look at things….

Steps Two & Three will follow shortly.

“Perception is strong and sight weak. In strategy it is important to see distant things as if they were close and to take a distanced view of close things.”

Recession – Hit or Myth?

Monday, February 23rd, 2009
Technorati Tags: ,

I have had a number of quite contradictory conversations about the impact of the current economic downturn.  One colleague said he was noticing big customers were now impossible to talk to, on the other hand, a couple of my clients are enjoying record results and I have had a number of new enquiries. 

In times of change there will always be winners and losers.  I’m sure that many people will look fondly back on this time as the time when they made their fortunes or picked up some incredible bargains.

Obviously the press is talking up the ‘crisis’, but I’d like to try and gather some real data.  This simple little survey should take no more than 2 minutes of your time and I will publish the results on our site.

Click Here to take SURVEY

Many thanks

Recession… breathing out and breathing in

Friday, October 24th, 2008

Recession is defines as “a decline in economic activity in at least two consecutive quarters”. Clearly we all prefer it when we feel the ‘Good Times’ are rollin’ but I find it odd that we are act as if we are surprised to learn that growth isn’t an infinite and constant process. Our economy is a living breathing organism and all living things go through cycles. No one worries that the trees aren’t in leaf all year round; that the leaves drop in autumn. We recognise the rightness and value of each season and whilst we (being British) might moan about the weather, we can enjoy a bright golden autumnal day as much as a beautiful spring one.

If we stop acting scared and just adjusted our activities to those appropriate for this economic ‘season’ there is no reason why anyone should worry. Change is a constant and wears many faces, if she doesn’t smile all the time, then that is ok too because we don’t trust people who walk around with a perpetual smile do we?

May Dame Fortuna smile on your endeavours.

 

 

 

 

“And you would accept the seasons of your heart just as you have always accepted that seasons pass over your fields and you would watch with serenity through the winters of your grief.” Kahlil Gibran

“In seed time learn, in harvest teach, in winter enjoy.” William Blake