Quote:
Originally Posted by now or never  I accept I'm not as bright as many but this article was called "How to make money during a Recession"...
The answer after much discussion, seems to be "create and deliver value".
Many people seem to think this is great, helpful and insightful...
I should have been a management consultant!!! |
I'm not sure what you are looking for, but I doubt you'll find it here.
If you are looking for a quick-fix, an easy money making scheme, or that one idea that everybody didn't think about, you're not going to find it. What Steve did (for me anyway) is show that making money, in general but even more so during a recession, is based on creating and delivering social value. If you do something that society values, you will get that value back, in the form of money. This concept, this knowing, should help you understand your situation better, plus offer you the 'tools' to determine what it is you can or need to change to become more calibrated to make money.
The whole point is, that there is no quick fix, no easy way, no buy this and sell that strategy that will surely make you money. If there is such a way, many people are on it and you can be sure that margins are zero to none. So the easy ways (or should I say lazy ways) just aren't going to cut it. What you need is something you love to do, that adds value to society. And than it
will be easy!
And if you feel you are already creating value and delivering it, but you're not making the money, than hopefully Steve's showed you where to look to improve your situation. Ask yourself questions such as:
- Do I really create value? (Will I be missed - please not it's social value we're talking about, not objective value)
- Do I really deliver value? (Is my value available to others?)
- Can I improve any of these two?
If you take care of these three issues well, the money will follow. That's what you can take away from this article. And that should help you in making money during a recession. Hope this helps.