Saturday, February 28, 2009

Future Success Stories in a Painful Economy

I have been involved in politics and business for decades and I have not seen a situation like we are in today since the late 1970s and early 1980s. It is simply a challenging time and people are having a difficult time determining what to do next.

The Stock Market is now worth less than half of its all time high and unemployment is on its way towards double digits, with the number of people filing for benefits swelling by over 500,000 in just a few months.

One of the earliest and biggest problems of such rough times is the focus of news and other business information from what works and what is positive, to some of the most negative content you can find. An excellent recent example has been the laying off of Donny Deutsch by CNBC. The reason why? The network decided that people don’t want to hear success stories (a big focus of his program) in such a dismal economy. I think they could not be more wrong. The reality is, CNBC was in financial trouble and laid off several hundred employees (including Deutsch) in a money saving effort. People don’t merely want bad news and negative information. They are demanding inspiration. I am planning on providing more such positive information on the Price of Business show in the months to come.

The reality is we are going to have some excellent things come from the currently hard times. This country is made up of entrepreneurs and many (if not most) of the 500,000 who recently loss their jobs will be providing future success stories of people who brought new products and services to the market place. They will choose entrepreneurship instead of wallowing in their difficult circumstances.

Do you have a success story? If so, I want to hear from you. Send me an email and tune into the Price of Business every weekday at 11 am on CNN 650 and on AOLRadio.com (central time).

This article originally appeared on CNN650.com, part of the CBS Radio Network.

Kevin Price is a syndicated columnist whose articles frequently appear at ChicagoSunTimes.com, Reuters.com, USAToday.com, and other national media. Kevin Price is Host of the Price of Business (M-F at 11 AM on CNN 650) and Publisher of the Houston Business Review. Hear the show live and online at PriceofBusiness.com. Visit the archive of past shows here.

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