Yes, The Economy Matters

trendsMotivational speakers always tell you that you are responsible for your own success. This is absolutely true. However, some go further and tell you that the economy does not matter. That you can succeed no matter what the economy does. This is only partially true. You must be aware of economic trends in order to succeed.

Want proof? Take a look at this list of previously successful industries. Do you really think you could succeed in any of them in 2016?

  • Buggy whips
  • Dial up internet service
  • Leisure suits
  • Gas lights

By the same token, could you have imagined building a company based on app development or web design in 1985? Of course not. Remember Beanie Babies? If you sold them fast, you made money. If you held on to them, they weren’t worth anything.

You have to pay attention to economic trends. They have a major effect on what you can and can’t do to succeed.