Are you “freaked out” by the current recession? Do you let that constantly put you in a state of stress and anxiety, or do you use it to find new opportunities?
Taking a look at recession history, we learn that: according to economists, since 1854, the US has encountered 32 cycles of expansions and contractions, with an average of 17 months of contraction and 38 months of expansion. However, since 1980 there have been only eight periods of negative economic growth over one fiscal quarter or more, and three periods considered recessions.
A critical component to personal effectiveness is to constantly look at the situation you are in from a historical context. Once you have that context, you open your mind to new opportunities you previously would not have thought of.
Companies Started in a Recession
Check out this list of companies from recession history. Let this list inspire you to find opportunities to do something today that you are proud of!
(Source: Fast Company)
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