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The recession sets in
For some reason, in the last 2 weeks, I started to panic about the recession.
Claire informed me that I should be panicking because the world is a changing and since we are soon to run out of petrol and we should all start biking.
Lance took over my whiteboard for 2 minutes to show me graphs of how it would/wouldn’t affect me.
Jack and I listened to how hard it is for restaurants and found out how many are closing down.
Someone else said to get more government work.
I jumped up and down and told everyone I was worried because I have no strategy if things slow down and become sad that I would never own my little cottage which I now NEED because I have the perfect rug to put in it.
So I came up with a strategy:
- DON’T Panic!!!!! Currently I see no signs of this business slowing down, and the only thing that will slow it down is if I start to cut down on everything (like new Macs which we seem to buy like all the time) and we go into hibernation mode
- Get variety Things hit worse if you have only one source of income. If you have nicely spread out international customers and a nice mix of governemnt and business customers, you have not put your eggs in one basket.
- Be necessary If your job is to help people get more business, they will probably still need you if they hit hard times. Maybe they will need you even more.
Not the most complicated of strategies, but I am sleeping at night again.
I also just wanted to say to all the mothers out there: Thanks you do a great job.
And to those whose mums aren’t here anymore: I thought about you too yesterday.
And for those whose mums are: Don’t take your mum for granted. She is your greatest ally in life.
May 15th, 2008 at 12:29 pm
Point three is how more people need to think. Flash-in-the-pan businesses bent on making a speedy buck are dime-a-dozen. Be necessary!
May 15th, 2008 at 7:04 pm
Bear in mind that the so-called wisdom of the experts has come from overseas. While there is some real basis for using that intelligence because we’re tied in to the global technocracy, there are also a few things in our favour. One is that the General Election, which may boost spending briefly if a centre-right government is voted in, a typical historical pattern. Secondly, if there is a downturn in North America and Europe then it stands to reason that hot money and wealthier families or individuals will invest in the eastern hemisphere, and they may find Australasia more familiar to them than Asia (this may be applicable, too, to Decisive Flow’s US clients as your competitive advantage). So there’s still some reason to doubt the economic experts, notwithstanding that they aren’t always alert to human nature; but there’s nothing wrong with being forewarned and forearmed, and looking further to countries which are being affected first (e.g. US, UK), which I think is a good lesson for business owners like us right now (a big, round-about way of saying, ‘I agree with Adam’).