We are in an economic flux. That is a fancy way of saying change. It is driving people to worry too much about money instead of taking a second to step back, look around and determine what to do next. We hope our leaders in the United States, Europe, Asia, Africa, etc are doing the same. The other day there was a massive effort to lower interest rates around the world. How will our financial leaders know if it works or not? That is easy, they will do what we should be doing.
We’ll watch the economy. We will watch what is happening with businesses in our city, our state. After observaton comes review and analysis. It shouldn’t be slow or it will hobble our recovery. Maybe the best course will be to do nothing and continue forward. At this point everybody is writing about possible scenarios but we all won’t know what will happen until we live through it.
I’ve talked about what things you might want to consider doing in previous posts, and I suggest you write the members of Congress and the candidates to tell them your thoughts.
Today, a store clerk who was bagging groceries and I were talking. He saw that I had a twenty in my hand ready to pay for my groceries. He said to me, “You know I can always tell who is a prepared and a good driver by the way that they pay for their groceries. You must be a good driver.”
“I guess I am okay,” I said.
“I look to see if they are fumbling with their wallets or purses. If they haven’t got their money ready and are waiting to the last minute that tells me that they aren’t going to make a decision till the last minute. That isn’t good driving.”
He was right. Driving courses teach you to plan your trip, we have all sorts of devices to help us. Ultimately, the devices, like the market though aren’t what is planning the trip or reacting if a car comes out of lanes too close to us or the checker in the store says “Next, please” and starts scanning your groceries.
I asked him if he could write a book. He said he has some ideas and I told him to he should write them down! Letting good observations slip away is like leaving the autopilot on in an airplane and not watching if we are coming up too close to a mountain.
We’ve had a lot of things on autopilot and because we were making money, the observation for most people was “If it isn’t broken, don’t fix it.” Hopefully, the takeaway observation these days is, “Change happens and it pays to have money saved for a rainy day.”
It also means we need to watch the economic packages as the unroll and be ready to react to them and change your actions if things don’t get better for us.
Otherwise, like my friend said, we are just potentially bad drivers.
Kim Isaac Greenblatt
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Kim Isaac Greenblatt talks about profitable business answers coming from observation.
Tags: Business, business answers, Kim Isaac Greenblatt, money, profitable