How To Prosper IN A Down Economy

In this article we will talk about how to prosper in a down economy. One question in mind, how do does people prosper in a bad economy ? If you know what to anticipate you can prosper and be very profitable even in a slow economy. A poll taken and the results revealed where that anywhere from 4 to 31 states have been in a recession at any given times since 1986.
 
  Still you can prosper in a downturn. Look for right the opportunities in adversity,  Many that is determined will be able to start a business in such a climate. Here are some considerations that you need to do in order to prosper. First, you must develop a positive mindset. Yes, as you are going through trials you have to keep your mind positive,so you do not get stressed out and frustrated. You need to established a innovative mind that you can come up with ideals on how to meet people’s needs and or solve people’s problems. That is the key to success in a down economy.
 
 What happens in a down economy is products and services cease to flow because of a down job market. When this process change quickly and dramatically, this produces opportunities for advancement and prosperity when the right platform is chosen.Products or sevices tha with low risk changes lives. The innovative mind seizes opportunities and capitalizes, this is what sets apart successful entrepreneurs from those that allow pressures to conquer them in a downturn.
 
The next tip is that you can’t listen to negative news that is spoken to on a day-to-day basis. You can’t listen to talk like ” situations are getting worse”. You have to determine in your mind that our economy Is getting better and improving everyday. Even when there is a average of 14 million people unemployed and statistically that totals about one in  nine people that are out of work. You have to determine that you are going to be a part of the solution and not a part of the problem.
 
This can be a great time to start a business, in fact 16 of 30 companies that make up the Dow industrial average were started doing a recession or depression. These include companies like Procter & Gamble, Disney, McDonald’s,General Electric and also Johnson & Johnson.
 
Also it is important not to listen to negative people,plenty of people are in the category of negativity. Instead of allowing this to enter your thoughts, you need to get with people that  visualize success and prosperity in their mind just like you. You need to pair up with those people who are successful are actually not feeling the effects of the recession. Really this is a key because it change the way you think.
 
 We need to keep in mind that this thinking process will make a difference in how we attract prosperity in a down economy. Learn a new skill set because the marketplace pays for value. Make conscious decisions to decide that you want to prosper during these times. The Bible speaks in Proverb 23:7 ” For as a man thinketh in his heart, so is he..” Be innovative and make life changing futuristic conscious decisions like starting your own business. You may ask, Why is it important to own your own business on your own business? This means job security.
 
 When you work for an employer, that company make the decisions on what your future decisions are. But as a business owner, you can not be fired and you have a great deal more control on your destiny than a traditional employee. Also as a business owner your earnings is virtually unlimited. As a employee you are subject to how much you get paid by your employer. You may receive bonuses or raises over the years but your yearly earnings will be limited to the company’s pay plan.
 
If you have doubt as to if you can make this a reality then your first change is to start with your mindset. Now as stated earlier, here are some more companies that were started in a down economy. Let’s take Burger King Corporation. This company began in 1954 and as it introduced its successful signature burger the whopper, it still exsists today and the company operates in more than 11,100 locations in over 65 countries.
 
IHOP Corp., started in a recession. In July 1958, this restaurant started and now nationally chains over 1300 locations across the USA.
 
 FedEx  Corp. began operations on April 17, 1973 as federal express, a branch of the Federal Reserve.  Mr. Frederick W. Smith had hoped to get a contract. He didn’t but the company that delivered under 86 packages to 25 cities on his first night of operation now manages more than 7.5 million shipments every day worldwide.
 
There are many more that got started in a slow time including MTV networks in 1981, Wikipedia foundations in 2001 and also Sports illustrated was launched on August 16, 1954. Here is a big one, Microsoft in 1975  was created by, Bill gates, a Harvard university dropout. With the determination and the desire and with skillsets that offer value in the marketplace. Also teamed with the right mentors you too can Prosper in a down economy.