I remember when I was growing up, my brother used to get these goofy Mad Magazines in the mail every month. Invariably, on the cover of the magazine would be the happy and sometime hapless guy named Alfred E. Neuman who always said, “What Me Worry?”
With the market dropping over 700 points today and the NASDAQ almost 10%, I find myself having to ask the same question: What Me Worry?
Most of us have to worry at least a bit. With the markets in such turmoil, and bad news usually flowing down hill, we know this will all effect us in some way. At the same time, we need to breathe out and go on with our day. Exhale!
The biggest danger, to quote President Roosevelt is “The biggest thing to fear is fear itself”. Fear from the market drop freezes us and our business. We begin to question everything.
At our businesses, we are not day traders. Our strength lies in our resiliency to stick it out in the long run. We may need to tighten the belts a bit but usually belt tightening makes for stronger businesses in the long run. Don’t panic. Adjust what you need to based on the economics of the world around, you but then take the action you think is necessary to be successful. Evaluate the results. Be calm. Breathe. Exhale and take another action. It is what we do. It is what will keep us strong. It is what will make us successful.
