Prosperity/Money

The Recession’s Over, Now What?

The leading indicators and many top economists are now telling us the recession is over—or at least that it’s bottomed out.

If that’s the case, what remains to be seen is how quickly the economy rebounds—especially unemployment, which always lags behind the economic numbers.

They say this was/is the worst recession since the great depression. If that’s true, it didn’t seem all that bad to me. The planes I flew on were almost always full—and here in Vermont, there were no cutbacks in flights. Restaurants seem pretty busy to me, too.

However, on a recent trip to Florida, I did see quite a few closed businesses and LOTS of houses for sale—many of them empty. Makes me wonder where all those people are living now.

So what about you? How did you fare in the last 20 months or so?

I hope you weren’t hit too badly.

But regardless of how it affected you, the bottom line is how you handled it. And more importantly, what you will do now.

As in anything, it’s not what happens to us, it’s how we RESPOND to what happens to us that makes the difference.

I believe there are many good things that will come out of this recession.

You see, a recession causes people and companies to become more efficient and effective. Excesses are reduced or eliminated. New and better priorities are usually established. We emerge stronger, leaner, more focused and more clear.

I predict that, like the last two recessions, this one will make companies more competitive in the global economy.

I also hope that some of the strategies that created the recession will be monitored more closely. New and more protective laws will likely be established. And I hope this will be done without too much of a swing to over-controlling our free enterprise economy.

As individuals, we must look to sharpen our skills and educate ourselves in ways that make US more competitive.

We should always look to improve our value in the marketplace. We can’t expect a company, the government or anyone else to take care of us just because we’re good people. You are valuable as a person, but you must also be valuable in a rapidly changing marketplace as well.

I also think it’s important to stay inspired, maintain a good attitude and not lose faith.

Many people got discouraged, disheartened and pessimistic during these challenging times.

But economies wax and wane like the moon. It’s just a longer and more unpredictable cycle.

All the more reason to learn what we can from the last couple of years, prepare for better times and also fortify ourselves from some challenging times to come—because they will.

I’m confident that members of SuccessNet have been better able to weather these tough times and are better prepared to grow themselves out of this recession than most people.

And as you may know, the theme for this year’s SuccessNet Summit in Dallas is “Back to Prosperity”.

It’s two-and-a-half days dedicated to giving you the tools, information, support and belief to create the life and the business you want.

I hope you’ll join me and the other experts we’re assembling for this event. We even made it super inexpensive for you to attend.

Go to this site to find out all about it and take advantage of the early bird discounts that are in effect now but will be going away soon.

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