Saturday, March 26, 2011

Economic Survival Articles

http://www.usatoday.com/news/offbeat/2009-04-14-survivalistsinside14_N.htm
Did some recent searches on economic survival and found some really great articles.
USA today had one talking about the subject: Economic survivalists take root, and what I keep finding is the talk of food storage, downsizing, moving out to the boonies to live on a farm.

This article misses the boat. The key idea is to create your own economy by finding your own personal talents that you can share with others. Learning to taking what you are passionate about and turning that income an income producing occupation is the key. Why would you want to move out to the country and feed pigs and can your vegetables when you would be  better off staying where you are (your contacts, friends, and network are there) so why leave all of that?


My advice is to start right now on your plan "B". That thing you have always wanted to do, incorporate this into your daily life and over time you will be able to turn your plan B into your A plan. Over 10 years ago I took a different direction, I started something that I believed would be my passion in life. Over that time the economy has gotten good, bad and ugly. Overall my business has continued to increase double digits per year. The more I learn, the more people I meet the easier it gets. Now that I have turned my plan B into my main income producing venture. 


Finding ideas for your plan B takes trial and error. I know folks that have started several different things before they found what worked for them. (and most of them didn't have to move out to a farm and start raising chickens and pigs). Over the years, I have read and recommended folks to take a look at the book 48 Days to the Work You Love: Preparing for the New Normal. Dan Miller goes through the process to help you find your passion. 


Sometimes starting a new business venture requires that you put front money that you don't have. Honestly I don't recommend doing this. Unless you have succeeded at business in the past, taking your life savings and gambling on a new business could have a detrimental effect if you don't know what you are doing.


One thing that I have recommended for people is to find something you can do part time as you build up, you can then return more and more profits back into the business. This earn while you learn can give you the time to make mistakes without going broke. And believe me, you will make mistakes. 


Unless your passion is to sell everything you own, move out to the country and start a farm, don't do it. Start right now, by finding your passion then going out and doing it.


Your economic survivalist.

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