Topic: Opportunities During Economic Downturns? - page 3. (Read 1125 times)

Which is why I think that taxing a new business is immoral. If I am solving a problem and helping the economy during a period of recession the government should encourage me by letting me off the tax hook for a couple of years.

Also, big businesses, I mean those who are bringing in millions every week should be taxed higher.

Exactly, an economic crisis is a great way to make money for those that are prepared, and while it is clear that those that are rich will take the majority of the opportunities available, that does not mean that a person that can save their money during the previous years cannot do the same at a smaller scale, if anything I am waiting patiently for it as the next time a massive crisis appear I think I will be able to not only endure it, as I have done on years prior, but I could also benefit from it with the right moves.

Honestly, it is not that crazy neither, usually everything goes down in price and we just need to buy it. Stocks go down? Buy them, Crypto goes down? Buy them, House prices goes down? Get them. So all in all, it is not a confusing system, the prices all crash during a crisis and that means you are free to just invest as much as you can.

Being cash rich during a big economical crisis could lead you to have so much money, and it would be great for you on the long run. You could then just wait for them to get back to what they were, or even higher which would mean you could profit from their recovery easily. It is not going to be that simple for the longest time so you should take that chance right away and not wait.

I like this advice, but I only agree with some certain points and not all. You should know that there are limited opportunities during an economic downturn, they call it downturns/meltdowns for reasons and that is because a whole lot is going wrong, which includes the ease of doing business and investor confidence. Fine, the local production idea is good, nevertheless, no country should wait for the economic problems before they produce locally, and during that bad time, it will not even be easy to achieve it as you believed because things will not be booming at that time unless the government can intervene with divers social intervention schemes, which is not all of them that even works.

Besides I see this as a way to tackle some of the issues, but it is unless the country exports more before the situation will subside. Before they can export, you know they would have had enough to go around the nations, so it is not an easy task as you think, and might take years before it would be effectively planned and realised. But I see no reason why taxes should be an issue too, if the domestic production plan is successful, a reasonable government will not kill it with tax, especially during an economic crisis. Even if they tax it because it is successful, tax is not an automatic way to kill a productive business.

Above all, in my understanding, government policies are so key to tackling economic downturns even as local production is also a plus.

A coin has two sides: one good and one bad. Similarly, during inflation, there are some disadvantages and some advantages. A little intelligence can bring the matter to an advantageous level.
In such a situation I feel that a lot of profit can be made by focusing on cottage industries. Again, if the export business improves, it will benefit a lot and play an important role in domestic socio-economic development. During inflation, many entrepreneurs are created which will boost the economy of the country.

It's part of the service and selling unhealthy products that people lose their business. In the case we are talking about, it is not that small because now the economic impact affecting consumers' purchasing power is not caused by services or products as you describe. Of course, there are businesses that go bankrupt and are rebuilt under another name, or vice versa, the business goes bankrupt and someone else tries to continue.

Complaining will never solve the problem and it is not a businessman if someone complains without looking for a way out. Businesspeople will continue to try to improve their shortcomings and they will continue to struggle until success is achieved.

Comparing Elon Musk to a small business owner is completely irrelevant and you should also know how his financial strength and influence can make a difference. Meanwhile, small business people are just starting out and there are many things that need to be perfected by them, it is not as easy as we imagine and it is irrelevant to compare Elon Musk.

When a crisis occurs or a downturn occurs, new opportunities will open up, we just have to be clever in looking for these opportunities. Therefore, if we want to survive in any situation, we need to change our fixed mindset to a growth mindset so that our creativity continues to develop even in conditions of economic crisis.

We must be able to learn from previous people, because economic downturns have occurred in the past and of course we don't want to fall into the same hole. The closest example to a pandemic was several years ago, many people experienced financial difficulties, many were laid off, many entrepreneurs also experienced a decline in their business. However, many people who wake up finally have the opportunity to start a business, namely online sales, trading, investment and many more that we can search for on the internet to increase income so they can support their families.

I doubt that. Sure they make less, but do not do anything to counteract.
I've seen many businesses go down only to raise under a different name elsewhere.
I've seen businesses destroy themselves. Butcheries selling rotten meat, not caring for customers and therefore losing to those who care.

Sure not all but many complain and do nothing..

How is Elon Musk maintaining twitter with 1/3 of its workforce?  

I've heard that crises give birth to new rich people, and vice versa, give birth to new poor people.
the crisis could be called a transfer of wealth from those who know what to do.
I see people who sell their property during a crisis and buy it back when it's over, like during Covid yesterday, I don't know him that well but we live in the same housing area, I saw him sell his house and car during Covid and buy it back after things got better, is that he already knew that it was an opportunity to get in, he was not that old, maybe 30-40 years old.

In the field of product sales many businesses have to close down because sales continue to decline, so business owners have to cut their employees because they are unable to provide salaries. Likewise, in other sectors and difficult economic processes make things worse and in the end people have to lose their jobs, which affects their lives in financial terms. The service sector is stronger to withstand collapse because this is a service that is quite needed and makes businesses in the midst of bad economic conditions in society have to look at the right opportunities.

All forms of business are basically built on a short-term basis and only after the journey can we determine the direction of development. I have a business in the field of selling clothes and indeed the bad economic conditions have slightly affected sales and I have to try to innovate with the times because if not I will have to lose the business that has been built for a long time.

As the times change so is everything changing about work and a time is coming when people will not even bother about work Again but how to establish there self because they will weigh there options very well starting from the salary that is is not even enough for people as there up keep and the world that is changing is changing with the fact that people's eyes must be opened and starting changing plans against either if they want to still continue the job hunting or look for something else to do with there time.

Since we all have accepted that the world have changed what are we doing towards it in terms of improving our selfs, and this is even a technological era, no job creat one for  your self, and that is why I always encourage people even young graduates to create SmE for them self and that way even the issue of unemployment can be reduced.

It cannot be denied that in the current era looking for work is difficult due to the general and ongoing decline in economic activity where we are really required to free ourselves by making changes in strategy and this needs to be done and attempted. I see that some people in my area are making efforts to open new businesses which are essentially always needed in everyday life and initially they focus on the short term and when they start to grow and develop they will target the long term.

Only because you don't know one does not mean there is none.
In inflation you take credits by a good which raises in value and repay the credit when ist worth 50% of the amount taken.

Straight to the answer, there is no potential benefit from that comes from inflation. If you feel because of inflation citizens of the country will start realizing that they have the resources to start leveraging on their natural resources to reduce economic hike and all that then it is a bad idea. The reason is because it will be difficult to run those operations because of the cost of the material for operation. Especially if the production process requires a lot of basic amenities and other little imported resources. There will be no different from the price of imported goods and the local goods. Which it is not supposed to be that way. Literally the local goods were supposed to be cheaper but imagine spending so much on electricity, laborers, secondary resources etc. You as a manufacturer will increase the price of your good, without caring about what others will feel.

I think opportunities always exist during a crisis and when the economy is advancing, and what might happen without opportunities is stagnant conditions. That's why there is always bad news, good news which results in opportunities always being formed from that.

Not exactly because few people can afford to pay for a house in cash no matter how much they save. Those who were able to take advantage of the 2008 crisis were the billionaires, either by buying cheap houses directly or through investment funds. And in this it makes little difference whether they were people who had a lot of money in the bank or were heavily indebted like Kiyosaki, who despite operating with a large debt took advantage of his debt capacity to buy even more.

Tax costs always create obstacles for new business people and at that time the country was under pressure so it would be difficult for us to find a solution so that we could create a good policy for the whole of society, even though at that time we were able to create the latest innovations and to find space, I think it was very It is difficult when the economic crisis is ongoing, when this happens we continue to sell assets that are valuable to us in order to survive.

Of course but you need to have cash around in order to take advantage of them, think of the real estate crisis that happened on the US during 2008, at the time those that got a mortgage had to pay a huge amount of money for a house that was going down in value, but those that were smart enough to stay out of it and saved their money could buy the same house for half the price, so if you had the money you could have taken the opportunity to buy the best real estate for a fraction of its actual cost, and opportunities like that abound when there is an economic crisis, but you need to prepare yourself beforehand in order to take advantage of those opportunities.

Opportunities remain open for anyone who is willing and able to accept risks. The problem is, many people are reluctant to start because they are afraid of the risk of failure. There are many business ideas that thrive in times of inflation - but not many people are willing to do it because they don't want to lose money while trying.

Of course, there are many challenges that must be overcome by anyone starting a new business - but this business will develop well as long as the manager knows how to develop the business. Anyone who fails to understand risk or is afraid of risk will ultimately have difficulty growing - while others become famous because they are not afraid of failure.

When the economy gets tough and the problems, too much , that's when innovation is born. The challenges won't disappear immediately, of course not, it'll linger for a while before the economy becomes better, then stable, then run on automatic.

As for the new businesses, and local manufacturing companies, the same thing applies. They are pioneer and solutions to most of the economic problems. Of course they are going to face alot of challenges but ensuring wouldn't make it worth it not just for them but for the country at large.

So, yes, downturns are even where more opportunities lies