How I'm Dealing with this Economic Downturn

During periods of contraction, your attitude is going to determine how much action you take and how effective it is.

It’s always a challenge to remain positive—even more so during economic setbacks.

This is the case for you, your customers, and all those with whom you compete. The person who can maintain an optimistic outlook when things are tough will have a significant advantage and a better chance at advancing and conquering.

The most dangerous component of a slowdown isn’t usually the reality of the economic factors; it’s the amount of damaging thinking that can infiltrate the marketplace as well as affect the individuals who support and spread such thinking. While bad attitudes never show up on a profit-and-loss statement, they always have something to do with the bottom line.

It’s best during these times to avoid negativity—and the hopelessness, lack of confidence and direction, and depression it causes—at all costs.

All of these factors will start to manifest themselves in your actions and results. Prospects and clients will sense any pessimism on your part and will interpret your actions as those done out of desperation or worry. This will most likely prompt them to respond to your proposals out of fear, which is never good for you.

At this point, the more cynical reader will ask, “Grant, are you saying I should just believe things are good when they really are not—and then everything is going to turn out good?”

The answer is yes, I would suggest that you have a better chance at success if you fool yourself into thinking that things will improve—and that you can have a hand in improving them.

At some time or another over the course of your career, you will experience business cycles during which things slow down. Your clients hear the same negative news you do, and bad news never fuels positive outcomes.

They don’t want more negativity; they can get that free at home from their TV or the internet in seemingly unending amounts.

They don’t want to see it on your face or in your actions, responses, or attitude. Instead, act competent, exude success, and be positive and optimistic regardless of what is happening around you.

Potential customers will be much more attracted to—or at least intrigued by—positive people.

I have endured several serious recessions as an active member of the business world, and sooner or later, they all end. None of them will last forever, and the way you handle yourself during that time has more to do with your current and future situation than the economy itself.

Your attitude affects everyone around you—those at home, at work, and everywhere in between. I want my wife, daughter, employees, colleagues, clients, and friends to see me as someone who instills hope and a positive attitude, especially when things are challenging.

If you are really committed to advancing and conquering, then I suggest that you replace your TV and internet time with programs designed to shift your attention to the positive and solution oriented.

However, it’s not as simple as instructing someone to “just be positive”. Fill your day with a disciplined schedule—and start each morning with 10-15 minutes of Cardone University.

It's FREE below for 30 days, give it a try!

Access Cardone U for FREE by clicking HERE.

Be great,

Grant

About Grant Cardone

CEO of CardoneCapital, international speaker, entrepreneur and author of The 10X Rule & creator of 21 best-selling business programs, Grant Cardone owns & operates seven privately held companies and a $1.4B portfolio of multifamily properties. Named the #1 marketer to watch by Forbes Magazine, Cardone is also the founder of The 10X Movement & The 10X Growth Conference, the world’s largest business & entrepreneur conference.