The recession or depression or economic downturn is a funny thing to me. It’s honestly funny, you can call it what you’d like but whatever you call it is not what you really think it is! today I am going to explain what happens during a “bad economic time” and where the money goes.
When you think of the economy being in a bad spot where do you think all the money goes that is “disappearing”?
When you think of a “bad economy” you think that money literally disappears don’t you! It’s hard not too…
I mean… where does all the money go? it’s not like people are burning it in the streets! people aren’t throwing money away!
So why are people losing their jobs and why does it seem like there is a “lack of money” in a down economy?
In this blog post today I’m going to attempt to uncover what I believe and what I think is happening, I have no idea! and I could be completely wrong but it make’s sense to me and might to you as well!
Why does a company have to lay people off? that’s what seems to start these economic downturns doesn’t it?
When companies start laying people off and there are more people getting laid off it seems to be a bad economy.
Companies lay people off because their profits or business are decreasing (in most cases) and they need to cut back in order to keep their business running and profitable.
So why are the sales bad? why are sales down? why are they dying instead of growing?
It is my belief that you are either growing or dying. One of the two, no other choices. You are either growing or dying in life, in your business, in your relationships and in everything else.
In my opinion the reason companies are dying and laying people off is because of this BIG reason.
They aren’t Innovating fast enough.
Now let me help you understand what I am saying because it is very profound and as an entrepreneur if you grasp this concept you will make BOATLOADS of cash in this “bad economy” while everyone else is crying and bitching!
THEY are not innovating fast enough.
Ever wonder why the newest/greatest/fastest/coolest/nicest/smallest/biggest/uniquest companies make the most money?
They are the MOST innovative companies on the planet, they create things that make people say “WOW” I gotta have that!
Companies like apple, google, facebook and thousands more are doing this everyday and are thriving and continuing to grow.
Emulate them and make more money in a recession than you ever thought possible.
So how do you innovate and become the company everyone runs to instead of runs away from?
You think, then you think some more. Once your done thinking pick up your pen and notebook and write some stuff down… brainstorm.
Then think some more… brainstorm…. mastermind… run the idea by some people and then think some more.
The only way that innovation happens is thinking “How could this be better, faster, smoother, easier to use?”
Ask yourself that question in your business/market and you will make a fortune and move into a leadership position in your industry.
That’s it for today! I got a lot to do so please share this post and comment until next time!
David King
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
{ 6 comments… read them below or add one }
A funny, but profound, analogy Tony Robbins once used for a down economy is, “The economy is just breathing in, it's been breathing out so long it's out of air.”
I agree with your post. The money doesn't get burnt or lost or dropped down a well, it's moving from one person's hand to another. From one old outdated idea to a new, better one. And for the government to dump money into the old outdated is just a waste, because the death of these old ideas are inevitable.
The money's still out there, it's just hidden from our old framework and we assume that it dissapeared.
Most definitely! it just goes to the people who have the better and more innovative ideas!
Thanks for the comment bro!
Yes, innovation is definitely key in creating new success.
One of best business advice I've heard is, “the secret to continued success is to make yourself obsolete!” With that frame of mindset, you're continually forced to think of new ways to market your products and/or services.
Very true! love that mindset david! thanks so much for sharing!
I'm going to keep working on making myself as obsolete as possible!
Yes, innovation is definitely key in creating new success.
One of best business advice I've heard is, “the secret to continued success is to make yourself obsolete!” With that frame of mindset, you're continually forced to think of new ways to market your products and/or services.
Very true! love that mindset david! thanks so much for sharing!
I'm going to keep working on making myself as obsolete as possible!