vWhen a global financial crisis happens, life doesn’t end there. Yes, we may have completely devastated people jumping off buildings because they may be unable to cope with the unbearable thought of losing everything, but that doesn’t mean you should too! In a previous post, I mentioned about Singapore going into recession and how a seemingly harmless “technical recession” can potentially bring about job less and a downward spiral for the economy in Singapore.

However, a down trend in economy does not mean that you have to go with the flow. In fact, it may be such times that opportunities arise and with properly planning, you may be able to ride through and succeed through the crisis. I am not going to talk about positive thinking and all the hocus pocus stuffs, I am going to talk about how you, or for that matter, I, can ride through the recession comfortably.

To survive the recession, you can either pray that you will not lose your job, or you can start looking around you and understanding the dynamics of this challenging duration and how you can learn to ride on it. If you are thinking of establishing a business and feel that you might be affected by the current economic turmoil, you may wish to take a look at the Challenging Times and Managing Challenges organized by Action Community for Entrepreneurship (ACE). If you are holding on to a job and looking to establish yourself, there can’t be a better time. After all, in the unforeseen event that you decide to stick to a salaried job, you are at least, still holding on to one.

Some people would wonder if they are too young to start a business – to this, they should just scrap this misnomer out of their minds. There’s no right age, or right situation. If there’s a business idea, the person should start assessing it and work towards getting it started. One of the more popular computer forums (creating various, ahem, zones of hardware) probably started off as a simply idea, but look at where it’s at now? If you think you are too young to start a business, you should seriously consider attending the MoneyTree Entrepreneurship Workshop. However, it’s limited to the first 30 registrants and it’s particularly hot as many of the younger generation are already toying with the idea of starting their own business. Here, you will not only learn about starting a business, but also understand why most businesses fail within the first few years.

If you have already established a business, you may also wish to consider attending the workshop on Recognizing the Challenge of the Times. This workshop will help you to not only recognise the hot soup that you are potentially walking into, but also to cover various aspects that you may not have considered previously. After all, no business is too small to be ignored and this workshop will help you reassess whatever that you have now to move on and brace through the trying times.

Lastly, if you are still exploring prospective areas to start on, why not explore the women consumer market? Renowned cosmetics company Shiseido will be talking on the latest topics and trends in the cosmetic industry, as well as challenges that they face. They may not be able to give you a piece of their market, but they may be able to share with you ideas that you can perhaps pick up through the workshop.

Of course, these events are happening during the Global Entrepreneurship Week 2008 which is held from the 17th to the 23rd of November 2008. The entire calendar of events can be found here and locations may various between workshops. So, go on and find out which of the many events catch your fancy. Remember, if opportunities do not seem to come to you, then you should just go out, reach out and grab them!

Global Entrepreneurship Week 2008

17th to the 23rd of November 2008



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