Friday, August 03, 2012

Forget the economy: Now is a great time to be in business

From CBS News MoneyWatch


It's a lousy time to start or grow a business, right? Wrong! Over half of America's Fortune 500 companies started during a depression or recession.

As far back as the first century BCE, Horace noted that "Adversity reveals greatness; prosperity conceals it."

Entrepreneurs are problem solvers. They see beyond the pile of poop and look for the pony. Every crisis is an opportunity for change; every problem begs for a solution...

We are all problem solvers to varying degrees. When confronted with problems, we all seek solutions. The difference is that successful entrepreneurs solve other peoples' problems, not just their own. Though their solutions may have originated from their individual situation, they are able to recognize a widespread need, replicate the remedies, and offer the solution to others.

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