Saturday, January 10, 2009

Bad Economic? Good Money?

Bad economic, and yet good money? Is there any relation between them? What the heck am I talking about?!

Well, maybe I should put it this way. What you perceive as a "bad" economic, might just be what you're seeing on the surface. Yeah, it's true, there are news about retrenchments everywhere. and many fresh grads can't even find a damn job! 

I've even overheard the conversations myself in the LRT, one dude was telling his friend about his uncle and the family is coming down to Malaysia for vacation, because his boss in Singapore just issued a non-paid "holiday" for the uncle! Wow, why am I not surprised about this...

However, I've got a whole different perspective about this issue. If you're thinking carefully, what makes a market? I'm not majoring in Econs but I do know it's a simple supply and demand issue. No matter how good or bad the economy is, you can make good, or extremely good money, if you KNOW what people want, and GIVE them what they want - or, say, you have a SOLUTION to a problem, that people want it SOLVED! 

Simple?

These guys, that are retrenched, they are not anymore "demanded", supply is excess. Same thing, if you look at the market now, this bad economy, what is the "most demanded thing" among these people, especially the retrenched, or those afraid of being retrenched? Think hard, I mean really hard... And imagine, if one guy comes in, telling you that he's able GIVE you what you want, and provide you the SOLUTION to it.. I can be definitely sure that he's among the ones that are cashing in the lion's share when you're not earning any!

Simply said, bad economic is just another can-opener for another opprtunities. STOP blaming on the economy down turn, and better still, open your eyes wide for these opportunities. You'll be shock on what you'll see when you're looking from a different view.

What say you?

2 comments:

  1. Mortgage holders need money. People who lost their jobs need money. Charities who are helping people in Gaza Afghanistan Zimbabwe need money. Therefore the UK government is printing money and what is coming later is almost no doubt a hyperinflation. Ek.

    Collaboration must come into play at some point. No one person/company is going to change the whole world or give the people what they want. Things come in a whole package. One is quite lucky if everything just falls into place following one party's effort. Or it just reflects how healthy the system is. At least that's my take from a dance/arts industry view.

    I heard the UK and USA government wants to encourage their children to be able to think creatively in tough situations like this (echoing your thoughts of "seeing from a different perspective"). So they are looking into incorporating more arts/creative classes into education. Makes sense, but I personally think it's full of bollocks. How uncreative this solution is.

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  2. Well said!

    "No one person/company is going to change the whole world or give the people what they want."

    The UK government issue is definitely NOT helping. But it's out of our control.

    I personally am not so much into the "Changing the world" stand point, instead, I'm one of those that worship the "every men for themselves" theory. Ha!

    What I'm seeing here is that by IDENTIFYING those who has a certain PROBLEM, and by providing them the SOLUTION to it, you are definitely winning the Economy game.

    It's like, selling a bottle of water to a desperate person in the dessert. How much does the bottle of water cost you? Too insignificant, but if you can identify the right market, even the cheapest thing could make you millions.

    Oh yea, Arts means creativity, but creativity definitely doesn't mean ONLY Arts. If they're going to incorporate Arts into the lessons because of this, I'll second you thought for this - full of bollocks.

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