Opportunities are created every minute that news report a further deterioration of the economy. All sort of assets can now be bought at discounted prices.
Shares of excellent companies are on sale and
pay a high dividend. Rental properties are on sale and it is still
possible to get a mortgage at a reasonable rate. A two-week holiday to
Greece has not been cheaper for a long time. Hundreds of small
businesses are now also for sale.
Looking for a job? It is the
ideal time to accept a package of shares (or other incentives) instead
of a cash salary. Want to buy something and do not have money? Try
bartering other items or services. There are plenty of opportunities
around. Don't be afraid of the economic crisis. Relentless initiative,
good sense, and a thick skin against pessimism will get you through bad
times with flying colours.
Passion requires resilience
Starting a new business? The passion
to turn a product or service into a commercial success is the essential
factor that determines the future of a new enterprise. Mistakes are
inevitable, no matter how old and experienced the entrepreneur. This is
why passion requires flexibility and resilience.
Is the selling
price too high or too low? Are the distribution channels adequate for
the product? Should the packaging be improved? What happens if we run
out of money? To all these and other questions, the relentless passion
of the entrepreneur is already weighing alternative answers.
are precious and constitute the basis of civilization. Without the
concepts of free trade, freedom of speech, and human rights, our
standard of living would rapidly collapse to medieval levels. Product
development, production, distribution, and marketing are based on ideas.
Entrepreneurship is nothing but a sustained vision driving the
transformation of existing resources into more valuable products of
Lack of capital won't stop the dream
It is only new ideas that will take you forward,
personally or professionally. Closed doors reflect fear of change. Keep
you door open to new concepts and ideas. Some of them will be wrong and
others will be annoying, but a few will bring about breakthrough
Lack of capital won't stop the dream, nor lack of
contacts, nor massive ridicule. History shows the same story again and
again. Scepticism does not need to turn to discouragement. Resistance
and difficulties do not need to hit the ship under the waterline.
Determination is the essential factor. Let it carry the day.
For more information about rational living and personal development, I refer you to my book The 10 Principles of Rational Living
[Image by L. Marie under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]