A lot has been talked about the current global economic crisis. Your only ever hearing about the doom and gloom and the media has done it’s best to scare the hell out of us. It’s our fault really. We are the ones who tune in to hear about which company has just collapsed, who’s going next and who might just make it through. We are the ones watching their global economic crises specials and expressing our feelings in news forums. If you want to blame the media for hyping it up then you should also blame yourself for talking about it. We are giving them ammunition because they know that deep inside your loving it. If you haven’t already read it, I have written a whole post about this a little while back which I recommend you read, just to get your head around why I’m saying this. Click here to read that post.
History tells us that times like these are usually superseded by times of great opportunity and prosperity. I’m specifically referring to the emergence from the great depression in the 30’s. Don’t worry I’m not going to do another history lesson here but rather a little bit of explaining.
The Great Depression was the major depression in the 20th century and occurred in the 20’s – early 30’s. Its a time of hyperinflation and soup kitchens. It cannot be compared to what we are experiencing now because back then, the level of globalization was no where near where it is today. Of course at the time the US economy downturn did effect other countries around the world but it was more distinguishable in isolation.
However the similarities we can take out of it is the fact that the level of opportunity that exists in now in abundance. It introduced the world to new concepts and new thoeries on wealth generation as well as allowed those with great value added ideas to make them a reality and in turn become super successful.
Today the world is a place of uncertainty and personally I think its an extremely exciting time to be alive. This is amazing. This is a time where all the corporate giants offering terrible value buckle up to either improve their offering, or die. i can’t be the only one noticing the great deals going around today. This is a time where business opportunities are in abundance because not only are new niches being created but infiltrated niches are being abandoned creating many gaps just waiting to be filled. This is an era where people will have time to think and ponder about how to create even greater value. This is a time where we will see the emergence of the new world order of business, where people who have been cooped up in an office will finally be removed (by force) from their comfort zone and told to think. Its these thoughts in times of crisis which will no doubt become the most valuable.
I have asked this question before but I will ask again: how will you deal and emerge from this? Have you lost your job or suddenly have a lot more free time through the general decrease in world demand? Will you go back to your comfort zone or will you take advantage of this time to create value and be part of this new world order?