Posted by: Patrick Barbanes | November 8, 2008

Stay Positive

I came across this post in Krystin Lawson’s blog, The Diva Of Deli. The post is titled, “Stay Positive.”

In today’s dismal economy, I strongly believe it’s important to stay focused, and to develop strategies for success that take into account the reality we are facing. For you and your business, that may mean staying on track with your current strategies, or maybe just modifying them somewhat. For others, it may mean re-thinking your go-to-market strategies and tactics, and changing direction altogether. For all of us, it should mean staying positive! Fear and negativity feed on each other, and will doom a business that may already be teetering financially. For example, one silver lining for the food industry will be a consumer retrenchment from dining out to eating in their homes again, with the expected increased spending on the retail food level. No matter which side of that cloud you see, no matter what industry you’re in, or where your food is consumed, how will you plan to succeed?

When Franklin Delano Roosevelt was inaugurated as President of the United States in March 1933, the country was experiencing the worst depression in its history.

A quarter of the workforce was unemployed. Farmers were in deep trouble as prices fell by 60%. Industrial production had fallen by more than half since 1929. Two million were homeless. By the evening of March 4, 32 of the 48 states, as well as the District of Columbia had closed their banks. The New York Federal Reserve Bank was unable to open on the 5th, as huge sums had been withdrawn by panicky customers in previous days.

Against that backdrop, on March 4, 1933, the new President gave his first inauguration speech. From that speech, we remember one phrase in particular, and we should take it to heart today: “The only thing we have to fear is fear itself.”

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