Market Downturns Can Be Very Good

In the past couple of years, we have been focused on housing and lending and the adjustments that have needed to occur. Unfortunately, many people weren't ready for the changes. Hold that thought, and let me talk about a different type of market change and an interesting outcome.

For those of us who are NASCAR fans, we know that today is the Daytona 500. Something very different about today's race and the week of qualifying that has gone on that may have escaped the casual observer. Oh sure, there are still our favorite drivers and teams from the past seasons. But there have been some personnel shifts. Some drivers are with different teams, and some have gone out one their own. That's what is different about this year's racing season - the number of one-team start-up companies that are attempting to compete this season. The door is open for them.

Entrepreneurship at it's best. No guarantees. Plenty of blood, sweat, tears, elbow grease, and plain ol' luck. The large teams don't have as much money to spend so they have made adjustments. Some teams don't have as much sponsorship money - or none at all. Enter the lone drivers and the new companies. Take a chance. Compete.

Ain't competition and free enterprise great?

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For more information about my consulting and coaching services visit my website stevehoffacker.com. I also maintain a blog on the real estate network Active Rain, and you can join this site and begin participating in the fun and networking opportunities by clicking here.