Stanny’s Law of a Lousy Economy
Have the headlines got you spooked?
Let me introduce you to Stanny’s Law of a Lousy Economy. It goes like this: no matter how tough times are, there’ll always be people who are prospering. Why not you?
I discovered this law after I wrote Secrets of Six-Figure Women...at the height of the dot com boom. But when the bubble finally burst, I called each woman back to see how they were faring.
Even as the economy was tanking, many of their careers were thriving. They were finding new jobs, negotiating raises, winning promotions, doubling (even tripling) their client base, making more money than ever before.
“Just because it’s a down time,” said a woman whose coaching business was up 40 percent, “You don’t have to go down with it. There’s lots of opportunity. You’ve just got to find it.”
That’s not to say there weren’t those who suffered a job loss or saw lower profits. Yet even they were amazingly upbeat about their future.
I asked one woman how she felt when the hedge fund she managed collapsed. Her reply: “I regard it as a godsend. As long as the money was so good, it was tough to leave and look for something more challenging.”
These women viewed the slumping economy as the perfect chance to pin down new strategies, explore something different or position themselves for the inevitable recovery.
They never used bad times as an excuse not to stretch. Rather than buying into bad news, they concentrated on their value.
One high earner had just negotiated a very lucrative compensation package for a new job. When her boss balked at her terms, she refused to budge.
“I have a lot to contribute and the company needs to compensate me appropriately or I’ll go elsewhere,” she told him.
I see exactly the same thing happening today. While many (read: underearners) are focused on doors closing, high earners are finding windows of opportunity.
Here’s just one example. A woman who came to my Sacred Success® Retreat last May just sent me this email:
“I’ve increased my business income 3 ½ times since the retreat, compared to all of 2010. Most importantly, I am happy, peaceful and content. I feel calm, more comfortable in my own skin.”
Why not you too? While most of the world is focused on hard times, I invite all of you reading this blog to look for potential opportunities. They’re there. I promise!