When one door closes, another door opens, but we so often look so long and so regretfully upon the closed door, we do not see the ones which open for us.
Alexander Graham Bell
1847 - 1922
What to Do when Others Say the Sky is Falling?
Pessimism: An inclination to emphasize adverse aspects, conditions, and possibilities or to expect the worst possible outcome; the doctrine that reality is essentially evil; the doctrine that evil overbalances happiness in life
There are no benefits to pessimism, especially with the number of lemmings we seem to have with us today.
Helen Keller said it best . . . No pessimist ever discovered the secrets of the stars or sailed to an uncharted land or opened a new heaven to the human spirit.
We have access to the media and communications on a 24/7 basis. Listening to the current reports of this downturn, you'd think the sky was falling. The information is so constant and pervasive that, unless we consciously choose to avoid it, it WILL influence our behavior.
Just a year ago, the same news crews were expounding on our unstoppable economic growth. The reality was that financial principles were being broken and it caught up to us. I offered details in a previous ezine. The bubble had to burst; it was not sustainable.
Some people and companies have experienced real trauma but many positives will come out of this global economic adjustment.
How are you responding to all the news? Are you sucked into the sky is falling mindset or are you in charge of your life and your business?
We must consider the current conditions but I for one will not convert my goal of winning into a goal of losing. I simply will shift my game plan.
Limit your exposure to the news and move forward. The same 'experts reports' were there in 1987 and 1990 -- and we made it through that economic time. We will do the same this time.
I am not suggesting that challenges won't be around us, but there are many opportunities, as well.
How can this downturn be positive?
- Globally and especially in the US and Canada, housing prices were inflated beyond affordability. The loan-payment ratios and people's monthly incomes were no longer sustainable. In many cases in Vancouver, over 70% of a person's monthly income went to pay the mortgage.
-- The affordability of housing will shift back in line with sustainable ratios.
-- Lower prices will allow first-time buyers into the marketplace.
- Mostly in the US and Europe, banking laws were not in place to prevent abuse. Hopefully, new regulations will be instigated to protect us all.
-- Situations like the AIG executives using taxpayers bailout money to enjoy a luxury resort should become a criminal offense.
- Many consumers were buying material goods with the increased equity the housing market produced. Those purchases weren't made on the basis of monthly cash flow and income, but on equity withdrawal. Not a sound choice.
- As a consultant to the auto industry for over 10 years, I understand the concerns about the auto sector bailout. Honda, Toyota, KIA, Hyundai, and others are not asking for money. Chrysler, Ford, and GM have been struggling for years as their competitors chipped away at their market share. Giving money to a broken company still produces a broken company.
-- Even Mercedes/Daimler could not change Chrysler's direction.
-- It's laughable that the auto unions said they'd rather lose jobs than consider concessions. Auto execs must take a serious remuneration hit, too. The me-focused mindset got them into the predicament in the first place.
-- When the US airlines went into Chapter 11, they got their cost structures in order.
-- There has been auto overproduction for decades and, more recently, a shift in the public's vehicle-buying habits. Every day, most people drive a vehicle to work. They've simply put off buying a new car until a later date; sales will rebound in the months to come.
-- New streamlined companies and vehicles could emerge.
- There hasn't been a recession since 1990 so many of our younger workers have never experienced this condition. We've noticed over the past few years -- in our younger job applicants -- an increase in the attitude of entitlement and demands that bordered on arrogance -- not qualities you want in your workforce or work culture. The current correction will impact those youngsters -- now they will have to compete for positions!
A local news station noted two areas of business are growing during this period of adjustment -- auto repair shops and bike shops.
During a recent trip, I met with one of our CRG Licensed Associates who conducts training and coaching programs. Her company is on track to double its business within the next 12 months. How? Leaders, individuals, and organizations now must be more productive and capable than they were only a few months ago. Thus, our Associate is providing additional skills and learning to help her clients achieve those outcomes.
If you recently were displaced from your profession, you might re-evaluate who you want to be when you grow up. This is a chance to turn a new leaf. Embrace this time as an opportunity for change.
After 9/11, our main training contract was put on hold -- then discontinued. Initially, it was upsetting but, after a few days, I was thankful. The training contract had me away from home 5 days a week every week -- that was a lifestyle I wanted to discontinue. The change allowed me to focus on what was important and what I really wanted to do at that time in my life. The results of that change have been excellent!
Economics operates on a cycle and it will rebound. It always does. So don't listen when they say the sky is falling. Choose not to participate. Focus on the opportunities.
To assist you or someone you know, get My Source EXPERIENCE Journal. In 88 pages, I outline the exact steps you need to take to discover what really is important to you in your life -- personally and professionally.
Remember: Motivation is a myth. The pursuit of your true interests requires no motivation because you enjoy them. Interests compel you -- compel means to be pulled or attracted. You require motivation only for things that don't interest you. If you need motivation, you must question why.
Read the Action Steps below.
This Week's Action Steps
What to Do when Others Say the Sky is Falling?
1. The same drama spread after 1987 and 1990 is on the news again. Stop or reduce listening to that information.
2. Nothing -- I mean NOTHING -- good comes from being pessimistic. That mindset freezes you and makes you unable to see the open doors and opportunities. What comment would your friends make about your attitude today?
3. Yes, acknowledge your current condition, then focus on what you can do -- not what you can't do!
4. Take smart steps to be responsible with your spending and your actions
5. The best way to move forward is to be thankful and acknowledge everything that you do have. Take a moment to list what you do have. Even those who lost everything in Katrina were thankful their family members survived.
6. Spend time around people and in environments that are encouraging and supportive. Avoid -- at all costs -- negative and pessimistic individuals. Who in your life is in that category? Limit the time you spend with those people.
7. No matter the economic conditions, many individuals and organizations continue to thrive.
8. If you have lost your job, see it as a forced fresh start. Ask what, who, and where you would like to be in your future.
9. Confirm your purpose and passions by completing My Source EXPERIENCE Journal. In this 88-page journal, I outline the exact steps to take to discover what really is important to you in your life.
10. Motivation is a myth. The pursuit of your interests requires no motivation because you enjoy doing them. Interests compel you -- compel means to be pulled or attracted. You require motivation only for things that don't interest you. If you need motivation, you must question why.
11. As part of the clarification process, we recommend four specific assessments.
o To identify your natural preferences and strengths, complete the Personal Style Indicator (PSI). If you are heading into self-employment or business, complete the Entrepreneurial Style and Success Indicator instead of the PSI
o To clarify your core values, complete the Values Preference Indicator.
o To understand how your level of self-worth is affecting your success, complete the Self-Worth Inventory.
o Finally, to determine how your lifestyle is influencing your stress and wellness levels, complete the Stress Indicator and Health Planner.
12. Remember: Focus on the doors opening around you -- not on the one that just closed.
Until next time, keep Living On Purpose!
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Ken Keis, MBA, CPC, is an internationally known author, speaker, and consultant. He is President and CEO of CRG Consulting Resource Group International, Inc., Many professionals herald CRG as the Number One global resource center for Personal and Professional Development.
For information on CRG Resources, please visit crgleader.com
For information on Kenís Training and Speaking Programs, please visit kenkeis.com
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