I really hate how long its been since my last post. It seems like this perception of a recession is really affecting people in a number of ways that I find just plain weird.
I am not an economic analyst but I think like most of you like me can identify certain trends. From what I have seen so far, it appears as if most companies (and individuals included) spent more than they should have and perhaps expanded more than they should have. This obviously has to come to a screeching halt at some point.
Most of you that know me well, know that I run an Aerial Photography business and that is probably one of the most basic of basic businesses because it has to do with real-estate transactions and litigation issues. I have looked at the transactions and although some may have dropped a little bit its not the problem with the lack of construction or even the lack of litigation. Rather its the people’s fear and perception of what REALLY is happening. As a result people are afraid to spend any money until things are clarified. My job is to work 3 or 4 times harder to get the same cash flow and to generate revenue in new ways that may work better. Its a constant cycle of perfecting and more perfection.
The reason why I’m writing this article is because I started to realize through association, I was doing the same thing myself! It was almost as if my subconscious was saying “DON’T DO IT”. Then I remembered what Ken Hughes once told me in a cab on the way to lunch. He said that people called him crazy and stupid when he invested in a piece of property then to be considered a wasteland. Now its a bustling masterpiece. I have my hands in a couple of things, Earlier this year some people who I once considered friends decided to make some of the similar comments that I’m sure Ken Hughes had heard before. In fact, I bet Ken still hears it when he talks about his new developments. I had to learn just like him not to listen to broke people.
Sometimes you have to be weird to be extraordinary. It’s so easy to do what everyone else is doing and just get comfortable. What happens after 10 years of being comfortable? Or 20? What do you look back on and think to yourself? Chances are you won’t look at any of this day to day stuff and think WOW! For most this harsh reality will come to them at the end of their life when they have realized they squandered what could have been.
My parents often said that the youth was wasted on the young. In most cases this is true. The best thing you can do is find a couple of really good mentors who you respect and ask them to tear you apart every now and then. Even our best efforts lead us to disaster if left to our own devices. So give yourself a once over. I’m sure you will find something.
——-
NEXT EVENT ALERT:
Are you interested in meeting other young professionals in Dallas? Come meet with us at the Tower Club July 7th 2009 6:30pm. We have specifically invited those who have connections within our community. This is a private club and is invitation only. If you are interested in attending please email jeremy.mckane@gmail.com and request an invite.
Special Guest: To Be Announced