2. RECESSION An economic downturn suggest that the economy is entering into recession. A recession is a period of negative economic growth with falling output and rising Unemployment.
3. FEATURES OF ECONOMIC DOWNTURN Negative or very low economic growth. Rising unemployment Falling asset prices - shares and house prices Low confidence and falling investment Rising spare capacity Increasing government borrowing.
4. SUPPLY DEMAND The reason for the downturn in property price is - Supply exceeded demand. When the supply far exceeded the demand, only the best property had buyers. Others had to cut down on price to sell them. Example, Gold price is always high because it’s demand is high!
5. IS THERE ANY GOOD??? Merits: 1.Interest rates are low. 2. Banks consider a franchise purchase a "safe" investment. 3. Property values are down. 4. Highly qualified workers can be recruited.
6. ECONOMIC UPLIFTMENT .Working hard doesn't matters… Need to be smart…. .Let’s see few people who got a brand recogonisation even in this downturn !!!
7. GREAT LOSERS VS GAINERS The great loser during the current downturn was Ambani and their family…But within a span of 2 months they doubled their wealth and topped the list!!! . Could anyone believe that a boy who sold pahora could make his family “The second richest family in the World” next to Walmart???...
8. BRIDGE “KNOW – DO” GAP Recession can never bring one’s passion down. Yesterday’s Business hero was Ratan Tata, today Ambani and for tomorrow we have Sanjan Zindol.
9. GOOD “START – UP” Rajesh Razdan quit his cushy well paying job to launch a small start up : m carbon soon Airtel signed as a client: “Do not Disturb”. . My parents’ generation sees risk as a Gamble. My generation sees it as an Opportunity….Launched Zibika.com.
10. WHAT IF…..???? Mark Elliot Zuckerberg, is an American computer programmer and entrepreneur: Harvard dropout. .“What if ‘s ” are never idle fantasies. These are our hopes, dreams and desires. .“Stay hungry stay foolish” – Steve Jobs.
12. BANKRUPTCY “The Lehman thing… I still didn’t understand, even to this day, exactly what the transaction was” -Warren Buffet, CEO, Berkshire hathway to CNBC….
14. TELECOM An interesting fact is that though all other industries met with recession the only industry that boomed even during downturn is our “Telecom industry”.
15. OUR INDIAN’S IN MISSION Narendramoddy: Politician Indranooyi:Pepsico chairman Y.V.Reddy: Former RBI chief K.P.Singh:DLF Subhash Chandra Goel :Zee chairman . India’s leading IT-Firm “Infosys” is a very good example.
16. SUCCESS FORMULA If you don’t have the guts then don’t do it !!! We need to move from saying “No, No” to “Yes, but”. Challenge conventions, Challenge yourself.
