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Article Teaser: We live in uncertain economic times. Every time we turn on the news we hear of another company that is going under or another company that is laying off thousands of its workforce or another company that has had to respond to a lack of shareholder confidence with kneejerk reactions. People just don't want to watch the news anymore!

Keep reading below...

Embracing the Recession

Copyright (c) 2008-2017
(See This Article in its Original Format.)

We live in uncertain economic times. Every time we turn on the news we hear of another company that is going under or another company that is laying off thousands of its workforce or another company that has had to respond to a lack of shareholder confidence with kneejerk reactions. People just donít want to watch the news anymore!

Millions of people have watched their investment portfolios and job security vanish before their very eyes. Chances are, youíre among them.

The news is depressing, and it is challenging to suddenly lack confidence in your ability to retire at 65. So what is your response going to be? Most of the people who watched their portfolios and job security disappear are going to take the wrong action: they are going to do nothing and hope that they come out on the other side of this dark economic tunnel unscathed.

My advice to you? Donít join them! Donít run on autopilot for the next months or years and ďhope for the bestĒ. Instead, embrace the recession.

Yes, you read that correctly: embrace the recession. Consider the recession your opportunity to start a business and redefine your economic future. Now, some people might think that a recession is a bad time to start a business, but I think itís the perfect time. Hereís why:

1. People still buy things in a recession. The key is to offer a product or service that is still purchased in spite of the economic downturn.

2. Other businesses, which were operating before the recession, are facing the economic challenges of staying afloat because their business model is designed to profit in a strong economy. You, however, are coming in lean and mean because your business model recognizes the recession and allows for it.

3. Working from home can be cheaper than going to work. With gas prices and food prices spiking to all-time-high levels, it might actually cost less to stay home and work there. Cut back on those restaurant lunches, fill the tank much less frequently. Oh, and donít forget that some of your home ownership expenses will now become tax deductible.

4. As a self-employed business-owner, youíll have greater career confidence because you will be deciding the future of your job, not someone who is higher up in the organization. Whatís more, with every sale you make, youíll be building your own job security and hastening your retirement (rather than lining someone elseís pockets without any assurance that youíll have a job tomorrow).

There are other benefits, too: Youíll reduce the stress you might feel in commuting through rush hour traffic at the beginning and end of the day, and youíll also be doing some good for the environment!

So, that leads to the next question: How should you embrace the recession?

My first piece of advice would be to find your passion. What do you love to do? I love to work with other people and help them guide and manage their business. I do this through consulting, project management, and accounting services.

Next, see what the market needs. By performing a marketplace analysis, youíll have a clear idea of what people are buying during these tough economic times. That will allow you to shape your products or services to suit them.

When you find something that you enjoy doing and that other people need, youíve got a great match! You probably need to develop the product or service so that it is a profitable offering. You likely need to create a website and other marketing material so people can find you and transact business.

And then you start selling.

This list looks simple, but itís a lot of work. Donít feel like you need to do it all yourself. Youíll actually come out ahead if you do the work you can do well and you outsource the rest to skilled, competent service providers who are experts in these areas.

Donít wait for your portfolio to disappear. Donít wait for the pink slip to show up on your desk. Take charge today and embrace the recession!


About The Author: Shop Amazon - Top Gift Ideas
Heather Villa's professional philosophy is that her role in the success of others will ultimately bring about her own success. Whether she is working from an advanced accounting or challenging marketing angle, offering guidance in development, organization, supervision, or administration, Heather makes sure that her clients get accurate answers from a professional that they can depend on. As CEO of IAC Professionals (http://www.iacprofessionals.com), Heather instituted a company-wide philosophy of professional and personal integrity, and IAC soared. Would you like to find out how Heather Villa can help drive your business toward greater success? http://www.hireheathervilla.com

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Internal ID: #6404
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Total Views: 2346

Article Rating: 4.00 of 5
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