Economic downturn may not be a bad thing...

If my memory serves me right, John Savage, one of the legends in the insurance industry said, "When the times are good, just wait, it will turn bad; when the times are bad, just wait, it will turn good." All these economic ups and downs come and go in circles. So, the current economic downturn should not come as a surprise. It comes, and it will go away, the only logical question is how soon?

During economic downturn, retrenchment and unemployment are inevitable. But, someone who is optimistic would see opportunity in the midst of crisis or calamity. It is perhaps a blessing in disguise and it usually forces people who otherwise would not think of doing something else to really take time to reflect and replan their future career direction. It is usually during crisis that people would do something they have never done. And in this process, some heroes and champions would emerge especially in the field of entrepreneurship. This is the result of people willing to take the courage to move out of their comfort zones.

Come to think of it, economic downturn may not necessarily be a bad thing after all. The question is whether we know how to take advantage of the crisis to make the most out of our life experience.