Rules of High Productivity in a recession

 



In a recession its a challenge to be productive, especially if you are in the line of products or services that are deemed not necessary or not to be basic needs. There are three main rules to productivity in a recession that you need to know. They include
1 Change your standards: you can look at standards in everything you do. You need to urgently review your investments and sources of income, relations and time management.  You may  be required to look at other sources of income apart from the salaries or stipends that you earn from a job or a business. What can you earn from bonds that are backed by government? What is the government of the day talking about and how can you invest money in those areas of interest and reap benefits. You may have to work on your relationships by purposely seeking out people who know how to help you start on your fresh phase and approaches. If you look hard enough there are bound to be things that you can do to argument your income. Sometimes the answer to making ends meet would simply mean making a few adjustments in your business based on demands of customers and trends in your sector.
2. Review your strategies. Cut down on waste. What visits are you making that are totally unnecessary? Would a phone call suffice for a visit? Can you send money instead? Many people are selling off the third and second car, depending on what they can afford. A friend of mine sold one car to pay a pending educational bill and decided that his wife needed a car for her business, so he shopped for a cheaper option which would not burn too much fuel. Those who are using meters for their electricity would have to watch what they leave on. Unnecessary lights would have to be put off at night and especially in the day time. At the office choose when to put on the generator. Don't do it till its absolutely necessary. Cutting down on the browsing, facebooking and twitting. Choose primetime or peak periods to browse when you can do all your searches and readings when most information is renewed.
3. Change your limiting beliefs: Those who feel nothing good can come out of a government in a recession are just fooling themselves. That is a limiting belief. If you say nothing good can come during a four year tenure of a government then that could possibly mean nothing good will come your way. Apart from believing that some good things can emerge, we also ought to commit ourselves to finding good things.  Limiting beliefs limit our movement towards good things. They are a hindrance to progress and an obstacle to success. You will only really find what you are looking for. So start looking for deals and cuts and people who are selling off things that you need. If you have money to invest in companies, real estate or car you need  for business, smack in the middle of a recession might be the right time for it. Don't give up!

Terms you need to understand

Recession: The old adage "what goes up must come down" applies perfectly in a recession . After experiencing a great deal of growth and success, income and employment begin to decline. As our wages and the prices of goods in the economy are inflexible to change, they will most likely remain near the same level as in the peak period unless the recession is prolonged. The result of these factors is negative growth in the economy. 
Trough: a level lower than recession.( Yes there is a place worst than that. Also sometimes referred to as a depression, depending upon the duration of the trough, this is the section of the business cycle when output and employment bottom out and remain in waiting for the next phase of the cycle to begin. I believe that we wont reach that level before recovery. 

Expansion/Recovery - In a recovery, the economy is growing once again and moving away from the bottoms experienced at the trough. Employment, production and income all undergo a period of growth and the overall economic climate is good. This is what the government of the country needs to work on as a matter of urgency so that we do not get into a trough. Expansion and recovery can be attained without necessarily reaching the trough.
There is currently a liquidity squeeze in the economy. Many businesses do not have finances or cash flow to continue the cycle of production. This is a dangerous development. Government has to find a way to get cash into the pockets of business men and buyers of products too. So that the cycle of production and consumption can continue.
How does a recession affect the average individual?

Goods staying on the shelves

•Layoffs and under employment

•Shrinking salaries/inflation

•Manufacturing slow down

•More people in the informal sector

•Reduction in monies sent from abroad 

Which businesses are likely to survive more than others?

All businesses have the ability to survive as long as those who are managing such businesses are able to do it appropriately. But the following are given prominence: 

Food

Educational

Entertainment 

Communication  

Petroleum Product marketing 

Real Estate. 

Take time today and think about your future.