You're watching...
Peter Bregman shares tips on how you can prepare to be in the right place for when things pickup.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
And joining us once again CEO it but is there and expert and a -- foxbusiness.com.
So.
You know we're kind of rather sessions -- feels like we are in the reception but I'd now you say is the time to make investments in new -- company.
In your life right.
Yup that's right you -- in fact the there was a survey that is came out where they asked 44 forecasters economists what's gonna happen with the economy and made slow down.
There predictions.
For growth they said it's gonna go from two point -- next year to 2.4.
Percent growth.
Don't they also said -- unemployment rate they raised from 8% to eight point 1% right.
-- -- this a week before the October numbers for unemployment came out.
That's -- it had already gone down seven point 8%.
So we're gonna hear a lot of noise right over the next year and that's precise believe the right attitude that's exactly right.
So so the goal is take all of that information throw it out at a second.
Recognize it has been three years and I'm not a forecaster I don't predict things I don't predict things because I don't believe that you can predict things.
I will say though.
That after three years of this we're beginning to see a little bit of sunshine.
The -- at hand the light at the end of the tunnel and this is if you haven't already done this this is the absolute right time to start investing.
We should be putting all of our resources into investing in our skills investing in customer facing roles if your business -- invest -- -- -- -- to answer more people to answer the phones.
What you do you don't know as people begin to get more disposable income and you don't wanna create a situation in which people are knowing that you.
Right right London to spend that money -- that's exactly right and as people begin to higher steel and that's not.
Right and as people begin to yeah.
I hear you you want them feeling like they already have a relationship with -- hey there's this guy have been in contact within you know there's a woman I've been in contact with her let's bring her -- for this job because those preparing to interview for -- -- So you're basically saying can -- a little -- -- especially in the next couple weeks maybe even throughout that.
The year right -- next year just jumping and it's gotta get better it already is starting to get better.
And by the bottom any -- -- -- also with I can't for sure predict that right in my get worse threat China's the big issue eventually gets better.
-- -- that's gonna get better and you can't ever hurt yourself by investing.
Yeah you can't by investing in your own skills by investing in your relationships and other people think you think it can't can't possibly hurt.
Even if everything gets worse for another two years what you will have done would be create some a foundation.
-- of strength in your relationships and your capabilities.
To then be able to move forward and this is a mistake to some people make because -- -- -- alert does a lot of mountain biking.
If you're mountain biking were skiing or any kind of fast moving sport -- If what you do is look down at exactly where -- going outside exactly where you are you're gonna end up falling.
-- biking I kept flipping over my handlebars at the same place -- and outs right.
I kept going down the -- and I kept looking over my head over the couldn't figure out why he's a half after that that's exactly right.
And what I was actually do is putting on my own breaks.
I'd -- hit this big rock I got scared and I slammed on -- -- and I flipped over my handlebars.
-- -- -- -- -- I solved it by looking -- -- down 1020 feet ahead of me ignoring the obstacle that was right in front of me.
And focused on the thing that was ten point get ahead of me and I rolled right over because that wasn't afraid of right sizing down that's exactly right and this is -- in my -- in my view.
This is a great time to -- -- -- -- -- the direction not make sense to jump in -- direction that bolsters your skills that both bolsters your relationships with other people.
It's.
It's it's going to be scary we're having an election and we don't know what's gonna happen economy short answer is gonna go over the -- like that.
All anybody ever says it is all they have been saying for months and months now salmon -- a timeline who announces.
Cutting back and sitting on their hands to actually start unwinding some of your resources and -- -- Could be -- really -- and that's exactly right what you wanted to start to create the runway.
Right and if you haven't been laying the ground work for the -- it all these other planes are going to be taking off and you're still -- -- yet because your answer and that's exactly right.
So then let go of the uncertainty or accepted the uncertainty and act.
Have to anyway and move forward laying the runway so that you can really take off.
I got it two -- Peter Bregman thank you for coming on your website is obviously here right now.
And we thank everybody for joining us today and we have Friday and couple hours from now see cats early and I will see that can't -- I think everybody.
