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Posts Tagged ‘Contrarian’

I hope you had the chance to read my last post on What’s Hot 2009. At this event there was also the usual ‘doom & gloom’ scenarios being discussed by panelists and participants as that is what everyone seems to be thinking about. Yes times may be tough today, but we all know tough times never last.

Entrepreneurs should be the last people on earth to think like this. To be a successful Entrepreneur you have to be contrarian. Following the herd should be the last thing to do. Your ideas and businesses have to be different to succeed. Where people find problems, you find opportunities. Where there is gloom you should see hope.

So let me leave you with something to think about. In investing Warren Buffett has a famous saying, “When everyone is greedy, be fearful and when everyone is fearful be greedy”. That is great investment advise from THE investment Guru.

So for Entrepreneurs in tough times this is what I say,” When everyone is optimistic, be pessimistic and when everyone is pessimistic, be optimistic”.

Today, when most people are pessimistic and thinking of recessions and depressions thats when you should seize the day. Your chances for success are far better because this is the time when you should be positioning yourself for the boom that will surely come. If not the end of this year then definitely next year will see the start of the next boom. Where will you be then? Will you be at the beginning of the new bull run in business or will you just be starting out. If you start today you will have 12 to 18 months to prepare and this will give you a tremendous head start.

So be optimistic, get out there and start a new business or work hard on your existing one to position yourself for the next bull run. You won’t regret it.

Carpe Diem!

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