Profit From The Panic - Bulletproof Against The Global Economic Recession

"Today's chaos is the opportunity of a lifetime for the prepared entrepreneur". -Donald Trump 

Where do you go when you want to work but there are no jobs?

Where do you go when the ones you used to go to for help are also in need of help?

What do you say to your family when you face the reality that you may no longer be able to fulfil their expectations for security support and protection? 

When companies are downsizing, countries are in desperate need of financial bailouts to sustain their economies from collapse, record time global economic recession is looming, where do you turn to?  

All over the world today billions of people are battling with the same questions which can simply be summarized as economic crises.

The point blank truth is that  the crises is not as problematic as your response to it.

The purpose of this article is to beef up your crises preparedness so that positive energy can flow from within to rebrand the chaos into a great opportunity.

To profit from the chaos you must step out of the reactive state of complains and blames to a proactive state of taking personal responsibility. 

Let's face this, all the above questions are answerable to money. Money is a reward by the systems for finding solutions to current problems.

The heartbeat of entrepreneurship is to see  the situation as a ware house of opportunities.

This does comes by changing the angle from which you view the crisis in your mind.

The existence of problems is the incubator for entrepreneurs.

These group of people have developed a special ability to see the other side of situations from the eyes of their mind. 

 "Eyes that look are common but eyes that see are rare "- Dr. Myles Munroe.

Sight is a function of the eye. Vision is the function of the mind.

The perception of crises is an expression of the crises of thinking. 

Entrepreneurs overcome situations by their strong thinking capacity.

They see problems as disguised opportunities. 

The big shot is that opportunities hide themselves behind doors and those who  force the door open will be greatly rewarded.

There is no mystery to solving problems. 

The sea of wisdom is that obstacles and challenges keep competitors out. If it weren't for the obstacles the potential opportunity would have already been snapped out.

"The obstacles you face, says Donald Trump keeps out your competitors" 

To succeed you must exercise a synergistical blend of will, skill,  knowledge and personal power. 

You must develop the relevant type of relationships required to launch and successfully manage your venture.

 In the face of that, deliberately become unstoppable in your relationships and negotiations for  business deals.

All the above skills can be learned at will. 

Lets settle this once and for all. Entrepreneurship spirit  (attitude ) is not genetic. It can be learned. 

Learning helps a great deal to sharpen the skills required for the game. 

You cannot solve a problem, says Albert Einstein at the same level where it was created. 

When we upgrade our imaginations we move from viewing things in 2D to 3D and ultimately 4D which puts us in charge. 

This comes by acquiring insight concerning the problem you are motivated to address from reliable sources of information. 

"We must be willing, says Michael Simmons to work in the dark now so we can shine in the light later "

Learning involves;

•  Reading great books daily without exceptions.
• Deliberating reflecting on your learning. 
• Experimenting your ideas and habits with new businesses. 

Success is not by accident but by deliberate and consistent planning into the long term.

The sailing point is that vision receives much clarity from a larger time frame.

The longer your view the brighter the image. 

"If everything we do says Jeff Bezoz needs to work on three year time horizon then you're competing against a lot of people"

Long term vision as an entrepreneur gives you an advantage because majority of people who start out are moved by instant gratification. 

As a result they have much preoccupation for current events to an extent that the future takes them by surprise. 

"But if you are willing to invest in a seven year time horizon, says Jeff Bezoz (founder-Amazon) you're now competing against a fraction of those people because very few companies are willing to do that"

I picture this as a marathon. When the athletes start out they appear very crowded and choppy on the track.

 As time passes the strong athletes begin to open up gradually. Close to the finish line there is just a handful of the athletes. The rest are trailing behind. 

By lengthening your horizon you are giving yourself a higher chance  of profiting from limited competition.

Focusing on a higher time frame you can engage in endeavors that you could never otherwise pursue.

Such perspective equally gives you a higher compounding effect for your learning, relationships and money.

For example two friends A and B starts out with the same skill and money for business which i assume to be X. If their initial investment compounds by doubling annually, this is the outlook; 

A who has a 4 year horizon will end up with 32X. 

B who has a seven year horizon will end up with 256X.

Develop a long term horizon of thinking so that eg. from your "5th" year you will no longer be in competition with those you started out with.

Is that not relieving enough? 

"Compound interest, says Albert Einstein is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it.”

Business is a game with a considerable amount risk, but mostly the victims are those who are poor in risk assessment. 

Risk is associated with knowledge. The more you know about the investment decision the lesser the risk. The lesser you know about the decision the greater the risk. 

Let's look at it this way. Bicycle riding was considered risky until you mastered your craft. The thought of riding with both hands off the steer almost looked impossible from your perception at the beginning. 

 Everything fell in place when you finally learned to ride.

 Much of your perception about risk associated with riding shifted permanently. Thats the power of knowledge.

Knowledge eliminates risk to a bearest level. 

Be willing to take managed risks in business so that if you loose ultimately you won't get snipped out of the game.

Most great opportunities need a matching team for execussion to perfection. The team must be like minded individuals who are committed to face the obstacles that will arise at each stage of the project. 

"Talent wins games, but teamwork and intelligence win championships." --Michael Jordan.

The joy that lies ahead in wait for your success is worth the sacrifice of your time, effort and money. Put your best foot forward and may the enterprise be with you.