The fear Factor Trumps All

Today Managing Fear Is the Difference between Life and Death for Businesses

With the housing market tanking, Wall Street on a rollercoaster ride, the dollar losing value, unemployment on the rise and once untouchable companies like Starbuck’s closing stores and cutting staff, it is no wonder that most home-based business owners, Fortune 500 CEO’s and everyone in-between are afraid of today’s business environment in the United States. “That’s why this is the best time for confident businesspeople,” claims Erik Luhrs, CEO of Make Your Business BOOM! Inc. “In the past it was about managing people’s work habits. Today it’s all about managing people’s fear. If you manage it well, you’ll be able to prosper now and be positioned for massive growth when things even out. If you don’t manage fear, your business will be dead long before the economy rights itself.” Luhrs claims that there are only two factors for success in business: Confidence in yourself and Mastery of business skills. He claims that smart businesspeople are using this economic downturn as a time to gather new skills. It seems statistics agree with him. A recent study by the Chartered Management Institute shows that 23% of senior executives plan on using their vacation time to develop skills designed to make them "recession-proof.” So how can you mange ‘Economic Downturn Fear,’ prosper now and prepare for massive growth once the economy picks back up? Luhrs has three recommendations. 1) Learn how to be confident now because a fear-based mindset equals poor decisions 2) Keep learning new business skills because you will become more viable 3) Be an Opportunity Maker not just an Opportunity Taker because, according to Luhrs, “Business and success wait for no one.” Make Your Business BOOM! Inc. is a Business Optimization firm, providing Hybrid Consulting-Coaching™ and PRIME Trainings™ for business owners and executives and Transform Now Training™ for work teams and employees.

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Full service Business Optimization firm, specializing in Hybrid Consulting-Coaching and PRIME Trainings for business owners and executives, and Transform Now Training for individuals and work teams.