Huntsville MLS: Triving in a down market.

Huntsville MLS: Triving in a down market.

Huntsville Alabama Real Estate

Tags: Huntsville MLS

Source; Kristie Phillips WR Starkey Mortgage


Budgets are tightening. The economy is stagnating. Competition is building. Fear is spreading. And uncertainty is growing.
Staying positive doesn’t mean you ignore this reality. Rather it means you stay positive and take positive action in spite of this reality – regardless of how bleak the situation may seem.
Now is a time to get back to basics, zoom focus on the fundamentals, grow your business, gain market share and seize the opportunity. Yes, opportunity. Despite what you have been hearing now is a great opportunity for you and your organization to create lasting success.
Study history and you’ll find that a lot of people and organizations made a name for themselves and grew their businesses during recessions and downturns. These successful people and organizations all shared similar characteristics and took similar actions to thrive while others merely tried to survive. These success stories offer a blue print we can follow to thrive during tough times. They show us what is possible if we are willing to stay positive, repel fear, and take initiative.
In this spirit, here are five characteristics and actions you can take to thrive right now.
1. Refuse to Participate in the Recession – Businesses and people that thrived during past recessions continued to go about their business as usual regardless of the market conditions. They stayed positive, worked hard and focused on taking actions to grow their business. Focus on business as usual and while others allow fear to paralyze them you will charge forward and move ahead of your competition.
2. Increase Marketing and Advertising – It may seem counter intuitive to spend more money on advertising and marketing but with so many people and organizations cutting back on these expenses this is a great opportunity to build your brand, expand your presence and gain market share. People will still be buying goods and services and they will buy from those who they trust and see in the marketplace. This is a great time to win new customers and stand out.
3. Innovate – Just as the phoenix rises from the ashes, great ideas and new business ventures are born during economic hardships. GE, Disney, and Microsoft were all born during recessions. I believe when times are tough we are more open to new ideas, new products and new ways of doing things. For example, smart political and business leaders should be working on new technologies and infrastructure that will lead us into the future.
4. Become a Talent Magnet – If you are a leader or manager there is no better time to find, attract and hire the best talent. Focus on strengthening your business now and you’ll be in a great position to capitalize when the market rebounds.
5. Think Big, Take Action – Consider that both the Empire State Building and the Golden Gate Bridge were built during the Great Depression. Now is a time to think big, create your vision and take action. With more people living in fear and fewer people taking initiative the rewards and recognition will be greater for those willing to work hard and dedicate themselves to building a great business, product, service, and vision. As we know, there is no substitute for hard work and now is a time where those with a positive attitude and great work ethic will shine.

The information in this work is believed reliable but is not warranted or guaranteed, and before any reliance or use, should be independently verified. Suggestions, advice, strategies and all other like information are general in nature, are not based on knowledge of your specific circumstances, and should be used only after your own independent verification of reliability, application of independent business judgment and due consultation with your tax, technical, legal, real estate, investment, huntsville mls accounting and/or other professional advisors. As to any information reporting on the performance or results of others or indicating findings, conclusions or estimates, please be aware that normally your own individual results will vary and will reflect other factors specific to you and/or your unique circumstances