How to Thrive in This Economy
by Allison Babb

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One real estate agent is calling it quits while another is having their best year ever in 2008. One retailer is closing her doors, while another retailer in the same industry is growing like gangbusters. Over and over again, I see a bunch of entrepreneurs struggling while others are thriving. So what's up with that? How can you thrive is this so-called "down economy."

Well, here's what I'm seeing as the difference between the thriving business owners and those who share they are struggling because of the current economy:

Resist the Media Frenzy:

My 7-figure mentors don't pay attention to the "recession" news nor do I. I refuse to be told that I'm supposed to be struggling and that things are getting bad, that they're going to get worse, that I'm going to have a hard time, bla bla bla. I shut the TV off - haven't watched the news in months because it's all bad anyway. Instead I choose to focus on opportunity, growth and success and that's what comes my way. Simply put, you create more of what you focus on and that's one big difference I see between the thrivers and the strugglers.
Here's some news we missed that my mentor Dan Kennedy shared: There are more people with more discretionary income, buying power and affluence here in the US than at any time in our history and many many more worldwide than at any time in history. Unfortunately, with the media hype, pessimism is at an all time high.

Evaluate Pre-Existing Conditions:

As I read stories on blogs and in the news of suffering small business owners, it seems I always get to a part of the story where they confess that the suffering started long before "recession" was in the air. They share that it's been an uphill battle for a long time. But then the media says it's "recession" and they're sure that's the source of the problem. Here's the difference between the thrivers and those struggling--the thrivers have long since found a system and strategy for enormous success and that strategy works no matter what the economy brings. Those struggling have never really found a consistent way to create enormous success so they feel the weight of any economic change. Your goal may be to discover the business strategy that works consistently!

Step Into Resilience:

Similar to what I shared earlier, thriving small business owners have a reliable strategy for success. They know how to tweak their business model to match economic changes if needed. You tweak your products and services by listening to what your target audience is complaining about. It doesn't necessarily mean you change what you do, but you take a "problem resolution" approach (vs a victim approach) to your business. If you have to reduce business spending, for example, then increase your collaboration and joint venturing with others to continue marketing your business - this is a no-cost way to continue bringing in customers.

Choose Action vs Worry:

Last I checked, worry didn't pay the bills nor did it improve my business. So I figure I have a choice - action or worry. There's a great saying that "Action Stops Fear." The small business owners who tell me they are thriving aren't in "worry mode." They are into significant ACTION in their businesses. They're not holding back while waiting for "bad stuff" to happen. They are engaged in ACTION that improves their businesses. Don't just wait and hope for new business to come to you. To thrive, you may need to focus on what actions you need to take to create continued success in your business.

Author's Bio
Allison Babb is recognized as a leading expert on entrepreneurial success. As an author, speaker and Small Business Coach, she is committed to revealing easy yet lucrative strategies that small business owners can put to use immediately.

Allison’s proven 7-step Employee to Entrepreneur Blueprint™ has helped hundreds of aspiring entrepreneurs in creating a smooth transition from the corporate world to self employment.

Allison also created the Small Business Acceleration System™ which has become invaluable to small business owners who want to create a steady stream of customers and a predictable income that increases year after year. Allison has a degree in Business Administration and is a trained Professional Business Coach.

She teaches her proven 7-step Employee to Entrepreneur Blueprint(TM) for creating a business with the Freedom AND the income YOU want. To get started, go to her web site (www.goodbyecorporatejob.com)for a free CD.