The 5 Traits You Need To Succeed In A Poor Economy

It’s hard NOT to wonder what the future holds. The news is filled with gloom and doom: riots, debt crisis, failing businesses, and unemployment at all time highs. And depending on whom you believe, a quick fix isn’t around the corner. This may take months, even years to fix, not just a few weeks.

If a poor economy is likely over the coming years, do you have what it takes to create a business that is strong and thriving? Just as many successful businesses are created during hard times as they are the good ones. So it is possible. But there are telltale signs that pave the path to success. Do you have the traits necessary to move forward in a positive way?

Hard Working and Smart Working

While a lot of business advice focuses around the “4 hour work week” concept, the truth is it does take more than 4 hours to establish a new, successful business. It takes a lot of hard work to build a concept to the point of it becoming profitable, and give you the wealth you need to sustain your lifestyle.

While hard work is necessary, you also have to find ways to work hard on the concepts that matter the most – and that’s where you really can learn from the “4 hour work week” concept. The idea is to work smarter with the hours you are given. Instead of spending hour after hour working on things you don’t like or aren’t good at, give that to people that can do it, freeing your time up to do what you love.

When you combine the two concepts together, you can quickly know which concepts will earn you money, and which ones will waste your time. You’ll see which ones will move you forward, and which ones will hold you back. [Read more…]