Be a Fox!

There are many different reactions to today’s economy. Three of the most common are listed below (see if you can categorize yourself):

• The ostrich: preserve the status quo and hope for the best
• The bull in the china shop: blindly cut expenses across the board
• The fox: use the downturn to make your business more effective, so you are in better position to move quickly when the economy rebounds.
  
  Ideally, who should you be? The fox! If, instead of resisting the economy and hoping the recession ends soon or panicking and slashing expenses, we all tried to use the recession to make us better business owners and businesspeople, we would all come out of this downturn positioned to get ahead of our competitors.
  
  It is important not to fight the change. Instead, trust the change. Financial markets move in cycles, just like the earth, the moon and the seasons. This is the truth. If you resist truth, you’ll never feel prosperity. Pain fuels change, and truthfully both we and our country have needed to change for some time now. Given this recession, we can look at our past behaviors, see what may have lead to the current state of the economy, and learn to avoid these types of behavior in the future.