Tag Archive | "recession money-making tips"

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Who is Making Money These Days?


The news has been full of stories of loss:  lost houses, lost businesses, lost real estate, lost investments, lost hope, lost lives.  And without a doubt, some of my clients have experienced that too.

And many of them have already picked themselves up after the loss and are quickly moving on to bigger and better things.  I spent a couple of days this last weekend with my private clients in a special master mind session.  I was intrigued to see what was different.  What did they see as the secret of their success?

There were three main traits they thought that made the difference:  

Flexibility.  Business isn’t coming back.  It’s moving forward.  The same old thing isn’t going to work next year.  You have to be flexible and ready to adapt to the changing market.

Positive Mental Attitude.  Yep, PMA is back.  It’s the same thing that was popularized in the Great Depression.  You have to put your abundance glasses on and see the opportunities.  They’re not falling in your lap anymore.  If you react with scarcity and pull back, others will react the same.  It’s only if you’re open and ready to help others succeed, that you’re going to win as well.  That’s true with partners, relationships, clients, just life in general.  You get what you give.

Know Your Shortcut.  This one originated with Jorge, owner of LatAmConnect, an Argentinian outsourcing company.  When the recession was just hitting the states, he wrote a memorable post at the TaxLoopholes forum.  Basically he stated that when bad things hit the US, it’s 100 times worse in Latin America.  The good times never last as long and the bad times are much much worse.  There’s no time for fooling around.  You have to act with certainty when the opportunities are there.  

Good advice for all of us I think.  And the proof is certainly there.  These are the people that are making more money then ever before.  Recession?  What recession?

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