“A crisis is a terrible thing to waste”
One of my cohorts from the Rollins MBA program emailed me earlier this week with a very intriguing question, and rather than just responding to him via email, I have decided to pontificate about my thoughts on the subject on this rarely viewed blog.
The following is the email I received.
“The Chinese say: crisis = opportunity.
What potential opportunities do you see in the current economic climate (in Florida and beyond) and how can you plan to take advantage of such opportunities now and when the economy rebounds?
Regards,
Allan”
First, I agree wholeheartedly with the Chinese proverb. In my opinion, based on my experiences and observations, most every situation in life is cyclical. Examples are been seen in the economic markets and the latest hot management trends. So in order to combat the urge to react to all bumps along the way, I try to keep some perspective on business and in life.
I heard once on the radio “recessions are nothing more than a half off sale for the rich.” that makes a whole bunch of sense to me. Which is why a down market (temporary) is the perfect place to acquire or start (if you don’t have the funds) something that you intend to invest in and grow over the long-term. The sage financial advice still rings true, “buy low sell high” even when starting something like a company or a small business on the side. PreceptColab.net is a vision that directly responses to the current situation of the markets and local economy, on a global and local perspective. It just so happens that at this time there are other market trends and social movements that intersect with this down market (to be discuss in subsequent posts), making the collaborative network an appealing solution to those people that may be feeling the “crisis” in a more direct way (highest unemployment rate since the great depression, 11.2% in FL).
Given the current employment situation, there are many experienced talented individuals that out of work and can’t find a job due, mostly due to the shortsightedness of many businesses and their managers. PreceptColab.net is a way for these independent individuals to join a network of similarly experienced professionals that collectively form a consulting network with knowledge resources that can rival those of the large management consulting firms. These individuals can form a small consulting business while maintain or seeking full-time employment and rely on PreceptColab.net for all the administrative matters involved with the consulting, such as billing, contracts, collections, financial reporting, etc… And similarly to an investment, if diligently invested in overtime the small consulting gig may grow to the point those individuals no longer have to rely on shortsighted business managers for their family’s financial stability.
We all need to take a look at what we can buy or invest in during this “crisis” or opportunity that can have wonderful returns for us in the long-term. Keep your perspective and remember the saying, “in time that too will pass”.
Stay tuned for more information on how you can become a member of the Precept Collaborative Network (PreceptColab.net).
