“When written in Chinese, the word ‘crisis’ is composed of two characters – one represents danger, and the other represents opportunity.”
Now I’m not fluent in written or spoken Chinese so I have no idea if this is correct or not but it makes a very good point. Throughout Michigan in the past couple of years, even more so in Southeast Michigan, I have heard newspapers, workers, and everyone else state that our economy is in some form of a crisis or another. I’m not arguing the fact that we have significant challenges with our economy and the real estate market right now. What I’m arguing is where our focus should be.
Whether we have an auto industry “crisis”, housing “crisis” or any other sort of “crisis” there are two ways to look at it. While keeping the challenges with any situation in mind, I always choose to focus on the opportunity. We don’t face “problems” throughout our day, during the week or even with our economy, we face “challenges”. When we have challenges, we will analyze and overcome them to see an opportunity or more importantly, create an opportunity. When we see problems, our brain stops working and we all get in a slump.
There is tremendous opportunity for all of us if we just open our eyes and see it. If you can’t see an opportunity, create one for yourself! We’ll get nowhere if we just sit around and wait for something to happen, wait for an opportunity to come around or wait for a deal to fall in our laps. Don’t be the person that looks back 5 years from now and tells all their friends about the opportunities they missed and how they could have bought that business for pennies or they could have bought that house for a tenth of what it’s currently selling for.
There are more opportunities in Metro-Detroit right now for entrepreneurs and real estate investors then there has ever been. You just have to know that there are opportunities and there are challenges to overcome in seizing those opportunities. We can act scared and timid in real estate and business right now or we can be bold, realize our challenges for what they are (something to overcome), and take advantage of all of the opportunities before us.
Entrepreneurs don’t focus on the danger, they focus on the opportunity.
Identifying Opportunity in Times of “Crisis”
“When written in Chinese, the word ‘crisis’ is composed of two characters – one represents danger, and the other represents opportunity.”
Now I’m not fluent in written or spoken Chinese so I have no idea if this is correct or not but it makes a very good point. Throughout Michigan in the past couple of years, even more so in Southeast Michigan, I have heard newspapers, workers, and everyone else state that our economy is in some form of a crisis or another. I’m not arguing the fact that we have significant challenges with our economy and the real estate market right now. What I’m arguing is where our focus should be.
Whether we have an auto industry “crisis”, housing “crisis” or any other sort of “crisis” there are two ways to look at it. While keeping the challenges with any situation in mind, I always choose to focus on the opportunity. We don’t face “problems” throughout our day, during the week or even with our economy, we face “challenges”. When we have challenges, we will analyze and overcome them to see an opportunity or more importantly, create an opportunity. When we see problems, our brain stops working and we all get in a slump.
There is tremendous opportunity for all of us if we just open our eyes and see it. If you can’t see an opportunity, create one for yourself! We’ll get nowhere if we just sit around and wait for something to happen, wait for an opportunity to come around or wait for a deal to fall in our laps. Don’t be the person that looks back 5 years from now and tells all their friends about the opportunities they missed and how they could have bought that business for pennies or they could have bought that house for a tenth of what it’s currently selling for.
There are more opportunities in Metro-Detroit right now for entrepreneurs and real estate investors then there has ever been. You just have to know that there are opportunities and there are challenges to overcome in seizing those opportunities. We can act scared and timid in real estate and business right now or we can be bold, realize our challenges for what they are (something to overcome), and take advantage of all of the opportunities before us.
Entrepreneurs don’t focus on the danger, they focus on the opportunity.
Be a Renegade,
Jared Pomranky
Renegade Detroit Investors
Metro-Detroit Real Estate Group – Renegade Detroit Investors main site
Metro-Detroit Real Estate Blog – Renegade Detroit Investors Blog
Detroit Real Estate Deals – Deals and market info
Free report on Detroit Real Estate Investing – Investment Secrets
[tags]michigan,economy,market,opportunity,mindset,crisis[/tags]
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