How do you view recession, when the country experience two consecutive negative growths in its GDP? Is it a crisis or scary event to you, or do you view this as an opportunity? Interestingly, if we translate the word “crisis” into Chinese, it means opportunity in danger OR dangerous opportunity. Do you perceive recession as an opportunity in danger OR it is simply a negative event you definitely want to avoid?
According to Adam Khoo, a young millionaire in Singapore, to be a millionaire, one need to equip themselves with certain habits. One of the habits he shared in the Secrets of Self-Made Millionaire is that to be a millionaire, you need to be a Proactive Person who can go out and find opportunities instead of waiting for things to happen. In other words, YOU NEED TO MAKE THINGS HAPPEN, EVEN DURING RECESSION.
I’m going to share with you a real story of how a millionaire builds his business empire during recession. During Asia economy crisis in 1997, many entrepreneurs just pray that the bad time to pass as soon as possible without doing much in improving their business or sales, however, (more…)
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