Thoughts: Navigating the Psychology of a Slowing Economy

There is no doubt that we are presently experiencing a slowing of the economy.

This fact, as we know, is negatively affecting many businesses. At the same time, it is creating an abundance in others. Abundance in a particular business, can also generate a very challenging competition field. Therefore, elevating our services, skills, and especially our impact, is key.

No two economic downturns are identical. We must watch closely how this one will affect us now and in the future.

It is also crucial to be clear of who we service so we can make effective decisions. Are they struggling? Are they fine but cautious? Are they seemingly unaffected by the present situation?

I believe that although all downturns affect us emotionally, this one has particularly taken a toll on all of us personally, and in our occupations and businesses. Therefore, taking care of the "person" is of utmost importance right now. 

Working through our emotional connections, sending thoughtful messages, and being empathetic have always been great strategies for our business and personal lives, but they are now almost the only way to navigate these waters and come out better than before. Giving value has become our biggest asset.

In trying to do exactly that, I have created a youtube channel. I will be sending messages that will hopefully be inspirational and thought-provoking for the audience. I invite you to subscribe and give me your feedback. I published one short video this week and I plan to upload a new one every week.  Click here to watch and subscribe. Thank you!

Stay healthy, joyful and connected,

BJ