The talking heads (Media) are proposing a double-dip recession and the default of the United States on its debt. And while these and other things may be true, it begs the question, must my focus be on these negative events? Mark Twain pointed out, "Ninety-eight percent of what I worried about never happened." In the darkest of nights, there is the possibility that light will come. As we move forward into the summer with fuel prices at their highest levels and inflation eating more and more into our budgets, remember to focus on the possibilities that can and will bring success to you and your business.
It is noteworthy to see that some of the major iconic companies were started in the midst of a recession:
GE (General Electric) was established in 1876 by famed American inventor Thomas Edison. In the middle of the Panic of 1873, a six-year recession, Edison created one of the best known inventions of all time--the incandescent light bulb. In terms of market capitalization, GE is now the third largest company in the world. The enterprise has evolved from a manufacturing-strong business to an enterprise earning more than 50 percent of its revenue from its financial services division.
Wikipedia Foundation, Inc. was born during the recent post-9/11 recession. Established in January 2001, the online encyclopedia had more than 100,000 entries by 2003. Today it is home to more than 2.5 million articles and continues to grow.
And there are many other companies that were started during tumultuous economic times. So my advice would be to set your sails for success and you will no doubt find it and drop anchor and prosper in this Summer of Possibilities.
"Look for the opportunities in the difficulties, not the difficulties in the opportunities."
~Victor Fiorelli~