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Jun 6
Rebound from Financial Failure in Lean Times

 

In times of financial failure or lean markets - the locus of growth is really with you. How so?

Carry critical lessons from mistakes and you’ll soon become master of your own fiscal destiny. The opposite is also true. 
Financial%2520Growth02.jpg
People sink like torpedoes with drooping markets in lean times – because they fail to draw from rich pools of mental resources they already possess. It doesn't have to be that way.

Research affirms how the human brain equips people with economic strategies for coping. It also yields innovative tools for productivity daily. Monetary keys that excavate neuron pathways beyond tensions that arise from fiscal failure.

Draw on a few brain based tactics in the crucible of hard times … and watch financial failure propel you back from setbacks.

When the bank account droops or bills pile on … some tend to lament that wealthier colleagues were simply lucky or better connected. Not so. When it comes to money and resources … luck comes most to those who make brain based decisions to embrace new possibilities. How so?

Your brain comes equipped with five forces to help you rebound financially:

First, start where you now stand – but take the next step. Ask what exactly dumps failure into what could become your winner’s circle … and then consider how your own brain’s capabilities can help to beat back money battles.  

Second, target for financial success. Look at American leaders like Martha Stewart, Xerox CEO Ann Mulcahy, or Home Depot founders Bernie Marcus and Arthur Blank, who build empires at the peaks after others gave up hope of doing things differently.

Third, trust your unique plan. While it’s a great idea to familiarize yourself with guru financial thinkers and planners – it’s preferable to problem solve with your own brain in mind – before enlisting an expert’s alternatives. If nothing else you will have a sense of what you want to accomplish before you get confused with all the geek speak that financial experts tend to toss into the ring.

Fourth, avoid associates who vent about  hard times yesterday … far more than they create wealth for a prosperous tomorrow. You likely also have a few people in mind – who slip so far down they have to look up to see bottom.

Finally, spot lunch for a financial guru – and expect your bottom line to bounce back and to begin a trajectory upwards. Take someone you respect for lunch – and ask how they built their fortune or approach financial management.

Suggest a few plans you’ve been brewing to increase profitability and you’ll trigger chemical hormones for success along with any monetary wisdom to the mix. Due to the nature of interpersonal intelligence … your brain moves far faster in the direction of solutions whenever you start where you are …  expect a winning outcome … and leap for a mutual exchange with like minded leaders.

Ready to ratchet up your bottom line? If so, you already possess all thet you'll need to rebound in spite of lean times or past mistakes.
  


5 Comments/Trackbacks




As I take a walk along a busy business street, I can feel in the air economic depression. Many store stay on but few customers enter inside to do business. Our City is surrounded by agricultural lands. If farming loses the harvest, stores in the city are likely to suffer. The market place is busy only on Saturdays. Many stores are closing shop. Most businessmen are not aware the need to re-educate themselves. On a daily basis it's in making profit that people are reminds to be hopeful. But the whole scene within our economic flow is getting worse.

Thanks for stopping by, Lucy. I was curious to know where the store owners are going - when they close shop in the city you described so well. Also, are nay of the stores making it? What's their secret for doing well in lean times?

It helps to have a mantra. Mine is my mother's favorite question when she confronted difficult times or when we brought her what we thought were awful injustices. "What good can we make of this?" she would ask.

When she got cancer, the late 60s, she made good of it by keep a diary of her days and what she ate and drank and her reactions to the early and awful chemo of that time. When she died, she willed that diary to her physician.

That's the question for all bad things: What good can we make of this?

As a local attorney says in his ads, "We can't change what happened, but we can change what happens next."

Wally, your stories say it all! Wow -- what an amazing mom -- her wisdom speaks to all of us! wish I could have shared tea with her!

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