The Economic Crash and the Rebirth

August 18, 2010 | Comments 1

It was only 2 years ago when the economy crashed. Until then everything (seemed) good, people had money, kollelim were well funded (sort of), and married children were being supported without (apparent) difficulty.

But then everything came crashing down. First it was just Bear Stearns & Lehman Brothers, then it was the stock market, then it was investment housing market, then it was the price of the home you live in. Pretty soon people were being laid off, and everyone began to feel its effects.

It took time to for the average person to start feeling the crash. First the big businesses stopped spending, that affected the little businesses, some people lost jobs, then others began to fear losing their jobs, they stopped spending, businesses started to suffer, they too began to lay people off, and so on and so forth.

But just like it took time for the average person to begin feeling the pain, so too it will take time for the average person to start seeing the recovery. The economy will recover, once the fear is gone. Slowly people will revert back to their normal spending patterns. Businesses will once again start to hire, increasing demand for goods and services, which will eventually lead to more jobs being created. However, all this takes time. Until then, most people will not consider the economy to be improving.

If you want to be just an average person, continue waiting for the economy to recover. But if you want to capitalize on an opportunity, there is no time like now. New ideas are being sprung into successful businesses, and old businesses are being injected with new life. As the economy gets reborn, there is a need for some good, quality business people.

Don’t settle for being average. Take advantage of the unique opportunity, which is now.

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