Monday, August 3, 2009

The Recession

We are living through the worst recession since the great one in the 1930’s and hopefully the last one I ever see. It’s really sad and at the same time an uplifting reality check. It’s definitely horrible to hear of everyday people, families, and companies getting laid off or fired to no fault of their own. Foreclosures are now commonplace. It’s sad to say that I have friends graduating college who can’t get jobs. I got let go last week. This is why we go to college to get a job (the other stuff is good too). On the far end you have people with graying hair who now have to work another 5 or 10 or 20 years.

I think we all want a fix. Something we can just plug in, download, or buy to make it all go away. Unfortunately, it’s not going to just go away for the next decade. Our new President is being proactive in the matter and that is good thing. In business you should always do something to stop a down cycle rather than companies that sit there and act like we are living in 1999. Those companies are the ones going bankrupt. They overbudgetted their sales, let their overhead go overboard, but most importantly companies lacked vision to see this coming or how to react.

View this recession as an opportunity. An opportunity to be better at what you do and what you want to do. I agree, what’s done is done. Stop dwelling on your dwindling 401K. Take a class at the gym, learn a new language, attend networking events, make new friends, move to a new place, go back to school, or live abroad because it’s cheaper than LA. Keep learning and at some point, we’ll again party like it’s 1999. For me I've started blogging, heading for a Mexican Spanish immersion classes, and I'll finally start putting on some pounds at the gym hopefully.

Until next time,

DES