The economy is obviously the driving force behind the success of any companies and individuals and families.
but the problem is people easily go broke and bankrupt when the economy is shaky.
Throughout history, economic depression has always been the major reason for the fall of small and great enterprises.
and there are basically four types of responses people give during economic depression and only one of the responses guarantees actual success during
The 4 types of behavioural responses to economic depression
1)The Optimist response
2)the old school response
3)the quitter response and
4)advance and conquer response
1)The optimist response:
people in this category have high optimism,even if the situation continues to be difficult, they are always optimistic.on a general note, it’s a good one
but it is not enough if not mixed with the a corresponding action to get results or change their situation
These people continue to believe the economic situation will change for good and that nothing negative will happen to their business, family or career.
it takes a long while for this set of people to realize often painfully that positive thinking cannot solve problem(s) and that true action is needed
2) The old school response
people in this category find it difficult to understand the economy, they believe that if things aren’t going as they should, then somethings wrong with the
actions they are taking and go back to the basics to find a solution. Thing is going back to the basic is not a wrong move to take or make but understand
that economic recession is far different from a time of surplus. returning to the basics is not enough to get you up and running, especially
when your goal is to dominate the market.you have to look forward and try new things
3) The quitter response:
People in this group do nothing during the recession. they believe nothing can be done about the economic downturn, so they simply backout and wait for the
economy to bounce back. this type of people do not have the stamina required to dig gold for themselves, instead they search for low hanging
fruit (easy business) and quickly run away when things get tough, they are cancerous to the workforce, business, family and anything that stands for going forward
4) Advance and conquer:
This is the response that guarantees survival in difficult times. you must admit that the economic situation has changed which means they have to change with
the economy. economic downturns provides a great opportunity to grow your brand and dominate your market, and people in this group understand that
achieving this requires innovative ideas and massive ACTION.
ANYONE who recognizes that they have to act differently during tough times and don’t stop there, but move themselves to take necessary actions
will no doubt experience victory and dominance.
if your in this response and you would like to take action today
book a 30minutes free consultation service and let’s find the most suitable marketing strategy for you to use to take your business forward.
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