Wednesday, February 25, 2009

thoughts on a bad economy


The turret is the hanging desk that i call home for the balance of the work day. On this desk sit a laptop connected to a monitor, a slew of papers, cup of coffee from Uncle Jon's and a bunch of other miscellany.

Here at the Turret for the past couple of weeks I've been having conversations that often include 'we're just going to wait it out -- get to the the other side [[of the recession]].' The last man standing type of thing.

Is it possible that this '..get to the other side..' idea is a responsible plan, ( considering it's offered almost unanimously)?

Can't be. It violates a simple rule I'd like to call the 'don't do what everyone else is doing' rule.

First of all there are a couple of broad stroke assumptions that, if wrong, screw you -- Let's not talk about 'the other side' as if we're crossing the delaware and there's a storm a brewin'.

Please.

What we're talking about is a future that may or may not resemble what we so resolutely believe it should be.

Second: i'd argue that the risk profile of 'waiting it out', likely is higher than the exact opposite, possibly defined as a situation where one does everything possible to influence the outcome.

In this case it is the people that take broad proactive steps to affect their future that may have the best possible chance of being in decent shape over the long haul.

The calls i'm taking seem to me one of the best indicators that now is the time to swing big. If you don't define the 'side' that you're struggling so hard to get to ... perhaps it doesn't exist.
charlie merrow Merrow

Merrow has manufactured sewing machines since 1838 and remains one of the most interesting companies in the textile space

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