 How to make money at any time
I have a way to find a great business, but it takes the possession of a skill first. I will explain both.
The method is to read the yellow pages phone book and find what is NOT there.
What have you seen in the yellow pages in one country that is not listed in your country.
As for in times of recession, there is no difference than in times of growth. It is just that you must let go of what you are doing in times of growth if they do not work in times of recession. a change is needed.
Now, the method of success is to see what is missing, to fill that hidden gap. in a recession, many gaps have been created, which brings many more opportunities. the trick is to find that gap and have the courage to fill it.
How to find the gap is to look for what is going very bad, pick an industry that is shrinking and then find the market that served, what type of business was their client.
Next, you find an alternative way to serve that client, to make their business use a replacement. Look for the 'dirty' jobs that people do not want to do, that is usually a very good place to start a service business.
One of the reasons that a company goes down is that its products have not kept up with the times, they have not evolved. This is best presented in the case of the american auto makers. Their technology was so far behind the Japanese for example, that they have lost their market share because they kept to big vehicles with high fuel consumption.
Nothing is so easy as just a 5 minute exercise and you get rich, if it was, everyone would be rich. It takes a bit of effort and a lot of courage.
There are many companies growing in times of recession, and the world keeps on going. It is when you lose hope that your emotions and dreams fall into an emotional recession, and that is bad.
if you want to succeed in a time of economic recession, and help it end, then keep your thoughts, emotions, and hopes in a growth attitude.
Look for the death and see the life that will rise from it, the pheonix will rise out of the ashes, but you must be there before it flies away or you will miss the opportunity for the largest growth.
Pick what you like or what you know about, serve individuals and most of all, give the best possible service at the best price and you can succeed at almost anything.
|