I absolutely agree – every situation presents an opportunity.

It just depends on how you look at it.

Cheers,

Martin.

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Thanks for your support! Actually I’m really fired up about it. It’s been something I’ve been planning for a while and this is a great transition path!

Cheers,

Martin.

You’re absolutely right – as I remember well from when I was running my own consultancy some years ago!

Luckily for me I tend to go the other way and think that if I’m not doing something productive I’m going to starve and get thrown out of my house. This makes me manically focused on my business, which does have downsides in other areas of my life.

So my need will be to try to achieve a balance.

Cheers,

Martin.

You can’t invest if you don’t have the cash, or haven’t made plans for it – that’s true. But investing during a recession would be advantageous, whether or not you’re an established business.

My employer, for example, could be investing in the underlying platform and systems in order to improve their business efficiency and agility. They’re still going to be here when the upturn comes and it would be easier to do it now while business volumes are lower. It would put them in a better position in relation to their competitors when the recovery comes – because their competitors are all hunkering down.

And I wish I had loads of spare cash to make investments in the the stock or property markets right now. They won’t recover for a while yet but investing now would bring you a great return in a few years!

Cheers,

Martin.

It may be just a bit too advantageous to say that a “recession” is the best time to invest, for an established business owner.

best,

Chris O.
Referral Key
“Your Trusted Referral Network”
http://www.referralkey.com/small-business-blog/

Good on you! But please be aware of the ‘pit-falls’ of all of a sudden having plenty of time.
Stay focussed on your goal, even plan your activities for those ‘own’ days. It is rather easy to think in the morning you;ve got plenty of time getting things done, so you read some more blog-post etc before you get started.

Start your ‘own’ days as if you are employed, this will get you into a pattern of getting things done quickly and focussed.
Take it from someone who had to work from home the first few years of being in business (retail from home? – that’s a whole different story) your days will get squandered rather easily without a day-week plan

Karin H (Keep It Simple Sweetheart, specially in business)

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… and I agree – your mental attitude is everything. There are a number of posts on here that talk about how your attitude will define your level of success.

You can find them in the ‘How to Succeed’ category (list next to my picture) or by clicking the ‘recession’ tag at the bottom of the article.

Cheers,

Martin.

I still don’t see any signs of recession from my view point (I’m a strong strong believer in the law of attraction and developing a abundent mentality), but I can certainly understand what alot of ppl are feeling right now.

anytime is a great time to start a business because opportunities are available to anyone who will simply give themselves the chance.

I think the recessions great b/c it’ll light fires up someones azz and get them going on archeiveing their life long dreams

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