October 7th, 2008 Dow Jones took a dive by a whopping 508 points. Over the past three months global markets were hit by an $8.1 trillion loss in value. Banks fail one after another, panic in the Wall Street… That’s what already came to be known as the biggest economy meltdown since the Great Depression.The helter-skelter of the stock-exchange swiftly resonates everywhere. With media fuelling the buzz you need to have a steel nerve or live deep in the forest not to be concerned with the crisis thing. The home-grown economic prophets loudly predict ‘the end of the world as we know it’. The last thing you’d want to do in times like that is start a business, right? – Not quite. Great Depression Creates Great OpportunitiesHistory knows a lot of cases when economic meltdowns created opportunities for new ventures and bold startups as well as remarkably profitable marketing investments. The Great Depression turned out the golden ticket for hundreds of businesses. Disney, Procter & Gamble, Camel and Chevrolet, to name a few, were among the companies that bloomed and thrived while others were desperately fighting for survival. They saw an opportunity and seized the moment. They were advertising when… Read full this story
- New mutation of the coronavirus 'may be a GOOD thing': Strain common in Europe, America and parts of Asia is more infectious but less deadly, expert claims
- Economy: Industry leaders warn of gloom ahead
- The dossier of doom: Leaked papers reveal how No-Deal Brexit combined with a winter second wave of coronavirus could lead to a food and fuel crisis
- Boris Johnson attempts to grip UK schools crisis as political disaster looms
- Shopify – the good shop to Amazon's bad shop
- Break a leg: 7 things leaders can learn from the theater
- Crisis management: Four key lessons that digital leaders need to learn
- 'The journey to financial freedom is a marathon, not a sprint'
- Exclusive – Don Jr. on RNC Message: ‘Hope, American Dream’ with Trump, ‘Doom and Gloom’ with Biden
- Fed Up with Endless Gloom, Social-Media Users Are Pulling Back
Why Financial Crisis is a Good Thing Or How to Thrive in the Gloom and Doom have 332 words, post on ezinearticles.com at November 13, 2008. This is cached page on IT Breaking News. If you want remove this page, please contact us.