A recession is the perfect time to start new venture or to expand the old one. You may excel your career quickly in this time. I know this sounds strange, so let me explain.
Firstly, most of the people are easily driven by media .if you just broaden your thoughts and look around; you will find lots of amazing opportunities waiting for you. During Hard times people get scared and try to cut down expenses instead of increasing income. In this situation, those businesses don’t provide quality or stuff which is required they definitely have to go down. In fact, when you spend money, you really want to have fair deal and you are more sensitive to get genuine value.
As a result, genuine value providers grow rapidly during recession. A lot of people will stick with these businesses and take them to new heights. Let me explain, providing fair value in any business:
A fast food restaurant is providing tasty and quality food keeping all international hygiene standards in view and trying to value their customers in every aspect. So, for sure more people will come to them. Whether, there are many fast food restaurants in town but this genuine value adds more and more customers every time and they will be on the top sooner. In simple words, your uniqueness is your genuine value.
There are many people they use very stupid approach to make money by executing those businesses which are not providing real value to people, in fact, they just want to extract more money from people in shorter time. Such as, MLM schemes, in the beginning, everybody feels winning and refer more people but at the end it is the total loss and no genuine value is provided.
On the other hand, there are some people; they choose smarter approach to make money. Instead of trying to extract money from people they put their entire strength into building and providing fair value to society.
Building value means showing uniqueness of your talent and skills that should be beneficial for others.
Providing value means believing that people are receiving fair value practically which you have built for them.
You are not going to generate sustainable income in hard times if you do not focus on building and providing value. For instance, if you have built up any value and you are unable to deliver it.so how someone will receive? If someone does not receive any value, so you will also not receive any value in return such as money, fame and respect.
I see, so many creative professionals in this situation, such as, Artist, Poets, Musicians, Writers, they do spend lots of time in building values in their fields but do not spend much time in providing it into the hands of people who actually want this. That is why they have to strive to be financially strong.
Supposedly, if you are good at providing the value to others but bad at building your own value so, for sure, you will provide someone else`s value.it is very common to provide others` value. There is nothing special in it.it could be good for short term but for long term this approach is really very bad.
If you are perfect in building and providing real value to society you will never go to decline financially. Instead, your income will always grow.
When people look their finances going down, it may lead them to panic and abruptly they find ways to make money quickly without taking care of giving a real value to society.
You can turn your value into multiple income opportunities. If you are expert in building value, you can collaborate with people who are expert in providing value. They will provide your value by selling it nicely and pay you commission.
For example ,you are manufacturing a plastic wardrobe.it is unique and available in reasonable price but you are not good at selling it in large quantity so you had better find people who will sell it in the market and fix commission from you per piece . In this way, your product will be sold quickly and you can earn more profits in shorter time.
Similarly, if you are expert in providing better and fair value to society, you can connect with people who are expert in building values.
For example, I have a blogging site. It has several articles which are beneficial for people and every month some new articles are updated as well. And lots of people visit my site daily and there are no of people they have good stuff but they do not have audience so I can post their stuff on my site and they can give me commission. In this way, I can improve my income by providing others` value to the society.
One suggestion that always write complete words for instance MLM (multi level marketing)
Good idea