Have you ever heard somebody say that good usually comes out of something bad? Well it’s true if you sit back and think of the situation with an open mind, eventually you will see that something positive will come out of every bad situation.
Just this weekend I was thinking about the Current Recession we are in. We do not need to turn on the nightly news to be reminded of this; all we need to do is look at our own bank accounts or the changes we have all had to make in our business lives and personal lives. Where is the Good in this situation, well unless you are Warren Buffet, Donald Trump or Bill Gates you just got a crash course in Economics at an Ivy League level. Just imagine when things turn around and the money is rolling in again, will you make the same mistakes again, will you still advertise in the same spots, will you still keep inventory you do not use? By now everyone in doing T&M “Test & Measuring” on everything in our business life to personal life. Consequently no money is spent that does not need to be spent. And when you spend it, you make sure you get the most for your buck. Our grandparents for the most part went through the Great Depression and knew how to save, I guaranty our generation will be well versed in this concept as well.
“There is only one boss; The Customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”
– Sam Walton