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Many parts of the world are in recession or at least facing a downturn in the economy. At these times, redundancies and cutbacks are announced on almost a daily basis. Like all events, the current economic challenges present the opportunity for learning for current and aspiring business leaders. So what are 5 key lessons from the current recession?

Lesson 1: Take a long term view

Businesses exist or are established with a view to growing and existing for a long time. With so much information so freely available about opportunities to make gains now or the constant focus in the media about how bad things are, it is easy to lose sight of the bigger picture. By keeping a focus on the bigger picture and recognising that the economy generally goes in cycles, you can avoid taking short term decisions which are not in the best long term.

Lesson 2: Don’t put all your eggs in one basket

In business it is important not to put all of your eggs in one basket. It is important to have a portfolio of products and/or services so that you can spread risk and reduce the impact of downturns in the economy. This is exactly what we do when it comes to investing or saving. We have a range of options to spread the risk.

Lesson 3: Continually innovate

Successful businesses don’t stand still. They are continually looking for new products or services they can offer or new and innovative ways of offering what they currently have. In large organisations it is easy to become complacent, to stop looking out for ways to address an unmet need or to believe that the good times will stay for ever. Having different products and services at different stages of the life cycle is important and this requires constant innovation.

Lesson 4: Focus on the way forward

Pick up any newspaper, listen to radio or watch TV and chances you will come across lots of negativity about how difficult things are. While without doubt things are challenging at the moment, there is little point in investing time and energy focusing on what has happened. Time and energy focusing on the way forward is much more productive and beneficial than focusing on what has happened. Make a commitment to focus on how you move forward and achieve even more success.

Lesson 5: Expect uncertainty

Uncertainty is part of parcel of being in a leadership role and it is essential to your success that you expect, accept and prepare the best you can for uncertainty. Regularly look at trends in the area which you operate. Consider what might create uncertainty. Develop your ideas on how you will address the uncertainties if they arise.

Bottom line- The economy will always go through periods when it is strong and periods when it is weak. As a leader you need to prepare yourself the best you can to prosper in both good and bad times. I invite you to take the first step by signing up for my free e-course and monthly newsletter at

http://www.goalsandachievements.co.uk

Duncan Brodie- Goals and Achievements

Asbestos related cancers are killers. For over 5 decades people worked with and were exposed to asbestos on an everyday occurrence unaware of the harmful fibres within asbestos products they were being exposed too. Nowadays, asbestos products are more regulated, however it has been reported that there is a growing trend in Mesothelioma cases as the cancer can lie dormant for over 25 years in some cases before surfacing.

If you or someone close to you has contacted Mesothelioma and wish to make a compensation Mesothelioma claim then it is always best in these circumstances to talk to a proper Mesothelioma lawyer or personal injury lawyer who will help you in your right to make a claim for compensation.

Asbestos exposure was most at risk in certain industries throughout the 50′s, 60′s and even into the late 70′s. Although workers could have carried the asbestos fibres into the family home on their clothes and hair. Here is a list of occupations that have been highlighted by organisations as being the most at risk from contacting Mesothelioma.

• Carpenters and Joiners
• Boiler, Pipe and Heating Workers
• Shipbuilding/Shipyard Workers
• Navy Seamen
• Dockworkers
• Laggers and Sprayers
• Mechanics
• Plumbers and Gasfitters
• Roofers
• Construction and Demolition Workers
• Painters and Decorators
• Electricians
• Railway Workers and Coach Construction
• Engineers
• Power Station Workers
• Laboratory and Research
• Asbestos Manufacture and Sales

Remember, trusted Injury Lawyers run all claims under a ‘No Win No Fee’ claims policy and offer their clients 100% compensation. There are no hidden fees or charges. A good injury lawyer will always, charge the losing firm for their fees, and not the client whom they are supposed to be representing.

If you would like more information about Mesothelioma claims then you should contact professional injury lawyers about getting expert legal help for your compensation claim.