In times of drastic change, opportunity abounds…for those who see it.
As the economy and its various commercial market places correct themselves, adjusting for the unprecedented changes currently occurring, opportunity abounds…for those that can see it.
The first principle that controls our dynamic business economy is recognizing the incredibly powerful and important force found in the capitalistic system. This force has the power to change entire industries over night, create successful products and end successful exploits at a moments notice. It fuels successful restaurants and as some win others lose, many burn out after a moment of brilliance. Old run down neighborhoods become expensive and trendy. Gas costs $4.00 per gallon and entire industries change. The sub prime market goes bust and new industry lending practices and products emerge as yesterdays business practices becomes a thing of the past, a memory…overnight.
Nothing is ever static in the business world, its all a matter of timing and cycles, and those that feel the tempo of change and respond effectively, not only survive, but can gain a competitive advantage. The market repairs itself through change. Change fuels downturns, it turns downturns around, and it speeds up accelerating economies, it does what ever is needed to correct the various markets peaks and valleys, it corrects with change.
The second principle in play is, with change there is vast opportunity. Once the change occurs and opportunity is envisioned, things happen, as the opportunity is exploited and success is achieved for those who see, take the risk and dare to lead the way.
These are two very powerful forces that support change and transition. The market place continues to constantly make adjustments for what works and what doesn’t work, embracing great marketing programs, supporting excellent new products, new fashion, new technology, advances in quality, reductions in cost, changes of style, etc. As well it rids us of ineffective practices, and products no longer in demand. Entire industries can appear or disappear over night as change can occur with barely any notice at all.
Legislation can force change as new laws and new requirements create new twists and turns and opportunities for change.
Thus we know two things. Let the competitive capitalistic market dynamics remain in control of our economic system, do not interfere with its mechanization and it will adjust for whatever works and what does not work and will solve every economic problem which occurs.
Keep the government out of business, it mucks up the natural flow.
The major players supporting this economic force are the entrepreneurs and their vision as they see such changes as an opportunity for fulfilling the supply and demand of new situations.
Thus every change creates a void which is filled by the entrepreneur who sees and understands that this is an opportunity to step ahead of competition, make a larger profit and secure an advantageous position in the market place.
This is how significant change brings significant opportunity.
Trends go up and down, various influences support change. Change happens, entrepreneurs fill the void that change creates and profits are made. It’s a wonderful process and it works. Its capitalism and the competitive spirit working together. Let it happen and economic issues will come and go but our economy will remain very strong.
In times of drastic change, opportunity abounds…for those who see. Call for help 413-549-2966.
Don,
Excellent analysis of what entrepreneurs do for us in our capitalistic system. And boy doesn’t the world seem to change and then change again 100 times all over again in an instant. I appreciate your remarks and helpful advice pertaining to my business. If it wasn’t for your help we would be at a stand still. I look forward to accelerating our program and staying ahead of the times.
Cheers,
Karl