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Downturns breed opportunity?

It was during the Panic of 1873 that Andrew Carnegie launched his first steel mill. And he went on to become the world’s richest man.

Another example of similar courage? It was toward the end of the Great Depression that Bill Hewlett and Dave Packard launched HP.

Wharton School professor Mauro F. Guillen says “A recession creates winners and losers just like a boom.”

To be on the winning side though, you need to be innovative, quick, courageous, and ready for change.

First posted in WordPress on January 29, 2009

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