Business Mastery

I have written recently about continuously analyzing your situations. To me the most important thing is to not believe anything without personally checking it out. Case in point is the current economic mess we are all paying for. There are two keys here. First, what is the “real situation” and second, how does it effect you.?

As for the former, realize that the economic collapse is global. The summit being held by president Bush this weekend puts a light on that. The headlines blare about congressional bailouts of Detroit, but its woes are nothing compared to Swedish Volvo for example.  Last year, 2007, Volvo sold 140,000 heavy trucks that are employed to pull semi-trailers. As of November 1 of this year, 2008, Volvo has sold less than 2,000, a sales collapse of over 98%.

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Many of us are frozen in our tracks. The financial crisis brought on by the artificial market created by congress to provide mortgages to the unqualified has effected most sectors.

I have a large number of clients, contacts, allies, and associates and use them all as indicators of how things are going. Although most have absorbed the punches thrown their way over the last several weeks, there is considerable lack of action.

Why? No one seems to know what to do. Most advisors are not providing any real help.

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I had a very interesting conversation with my breakfast waiter on Saturday. She was off to a great start for the weekend.

She asked if I had watched the presidential debates on Friday. When I said that I had, she replied it is so much fun watching an “experienced hand grappling with a wanna be” for the office of the president. She told me it “was a great time to be alive” during the “history making financial crisis”.

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