Posts Tagged ‘micro economy’

When the Economy Slows What is Your Plan?

Think about this, when the economy slows what is your plan? Throughout history the economy has had periods of growth, decline, or merely remaining stagnant. Often a company is humming along nicely when suddenly, Read the rest of this entry »

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What’s Your Mindset?

In my blog post of nearly a year ago, Forget the Macro Economy | Think Micro I made the case that there are some things we cannot control, like the macro-economy, and others we have at least some if not a lot of control, such as the micro-economy. The point I was trying to make was that we waste our time fretting obsessively about things we do not and cannot control. Note, I’m not saying to be unaware of the macro-economy. After all, we have to operate in it. But, we cannot afford to get stuck worrying about this and are better served by focusing on what we can control.

How do you do that?

The first thing I suggest is to be highly selective about Read the rest of this entry »

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Forget the Macro Economy | Think Micro

Change management is an integral part of business management and financial management that is here to stay.  You have probably heard at some point the serenity prayer.  It reads like this:

God, grant me the serenity to accept the things I cannot change,

Courage to change the things I can,

And wisdom to know the difference.

Accept What You Cannot Change (Forget the Macro)

Whether or not you accept the spiritual aspect of this prayer, there is without a doubt a reality here that needs acknowledging.  Some things we simply cannot change.  Recently the stock market has fluctuated wildly from day to day.  We cannot control the stock market, and rash decisions in an attempt to do so have long-lasting consequences.

Like the stock market, the macro economy is something we cannot control, yet it is Read the rest of this entry »

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