Investing during slack time requires a leap of faith. Thomas Watson, CEO of IBM, ramped up R&D spending every year from 1931-35. “His board of directors thought he was nuts,” said Harvard Business School historian Nancy Koehn. But when the Social Security system was rolled out later in the decade, only IBM could handle the data-processing requirements. Also, both Southwest Airlines and Federal Express were founded in 1971 and took flight in a period when stagnant growth and soaring energy costs conspired against transportation companies.
Preparing for the future and with an exit strategy from the depression is what we should all have focus on as much as saving. Today technology available to us gives us the power to do research with limitless levels, where we could study and learn information allowing us to develop skills and assets in no time, expanding our horizon with more fronts. Knowledge is power.
There are countless moves and preparations which could be done, from finishing college again to learning new and more skills. Again it is important to keep in mind that which now feels like the worse time to start anything with risk involved, could be the best move for the future. Along making any and all decisions, it is always important to assess, and resolve or manage all the risks. True that financial status is important to making ideas with plans work, but today information is can come at no price via search engines, books and websites and blogs. You never know when you have to be ready for a change that will a chance of opportunity.
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