I have made several remarks, in previous blog entries, as to the value of collaboration and the creation of new businesses (both for profit and not for profit) for those Boomers who do not want to retire but to RE-FIRE.
Having been involved in the creation of 501{c}3 ventures (non-profits organized for religious purposes) for the last 25 years, I recognize that many may be a little hesitant to enter this arena for any one of many “reasons”.
But Ron, “We are entering into a recession !!!!”
To quote Gabriel Heatter, a well known newsman, who, during WWII, began each radio broadcast with “There is good news tonight."
Now, I am not an advocate for recessions but, if you think about it, a recession, real or imagined, is the best time for entrepreneurial creativity.
What do companies do when there is a recession?
They retrench, cut back on advertising and services, fire people, close divisions, withdraw products, and so on.
What does this add up to?
They abandon “niches”. And those “niches” are fertile seedbeds for entrepreneurs, who listen carefully to the sad and mournful stories of the Fortune 500 companies. Maybe even shed a tear or two and then engage their creative entrepreneurial skills and get up and clobber them.
Just remember, for the last 20 years, entrepreneurs have been the subset of the economy that has prevented our country from sinking into another depression like infamous one in the 30’s
The Boomer Blogger
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