alastantiger (OP)
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February 06, 2024, 04:33:47 PM |
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Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?
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Dr.Bitcoin_Strange
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Are there any potential benefits that can arise from inflation, recession, or economic downturns?
Yah, despite that, inflation can really be a thorn in the wind for some people because it can make the cost of living difficult due to the high price of goods and services, which makes the purchasing power of money depreciate. It can also be of good advantage to some entrepreneurs and some economists. People who are usually at an advantage during inflation are producers, investors, and share holders. If there is high inflation, it means that the price of goods will definitely go up, and producers will earn a great profit from their goods. Investors, too, usually gain more profit from any product that they invest in if there is a productive sale during inflation. Take, for instance, the fact that you bought plenty of bags of salt in 2022 for $50 per bag, and now in 2024, one bag is selling for $150. That means you will earn $100 for each bag for as many bags you buy in 2022. That is a great profit for that investor. Shareholders too are usually at a good advantage of better returns during inflation because if the company that they have bought shares from is performing actively to carry out more productivity and high sales, the share holders will enjoy more dividends and high returns. Inflation can also be beneficial to borrowers because, during inflation, our local currency loses its purchasing power and the borrowers can pay a low interest rate on the initial value of their interest. There is also one advantage of the recession, which is that it can enable an investor to purchase an asset for a lower rate compared to a high rate; they would have acquired the same asset if the economy were booming.
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Zaguru12
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February 06, 2024, 06:46:04 PM |
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The set of people that actually benefit a lot from economical downturn are the hoarders of either foreign currency or some commodities like agricultural produces. During recession this particular set of people earn more as they have hoard lots of these during its low price days and can simply sell at a higher price since the demand has increased. This are people that even pushes for recession in the countries.
Opportunities that arises during recession are to those who are in real estate as they tend to buy lands and houses at low prices this time from people who might have been hit hard by the recession.
As for business opportunities it will be the selling of groceries and pharmaceutical products, when an economy downturn occurs people tend to cut down some of their needs and this affects the companies producing this items but this two things groceries and pharmaceutical goods can never be cut off when it’s needs arises, so this is also a good business opportunity if one can find the right niche for it.
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decodx
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February 06, 2024, 07:50:35 PM |
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Yeah. Tough times can really stink. But if we look a little closer, there can be some surprisingly cool stuff happening too. Like when you throw together a killer meal from leftovers - that's your brain getting creative when things are tight!
Sure, economic downturns aren't fun for everybody. And it can be tough to start new projects or businesses. But hard times have a way of bringing people together too. Neighbors share tools, gardens spring up on empty lots and we learn to enjoy life's simple pleasures again like finally fixing that leaky faucet (or is that just me?).
So while rocky economies really suck, they can spark good things too in unexpected ways. Keep an eye out for those little rays of light, even on the messiest days.
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Fortify
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February 06, 2024, 07:53:53 PM |
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Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?
The economic cycle goes through natural booms and busts, in the good times people spend a lot and eventually they spend too much - often becoming wasteful with fanciful projects. All sorts of triggers can then flip the switch, causing creditors to call in their debts and stop lending so much. This causes good businesses to tighten their belts, optimize and become more efficient with their money, they start to look closely at all their outgoings again to trim the excess. Badly run companies or those that refuse to adapt to the new environment may often fail, but the most successful companies are never static or only survive through the good times. There is definitely a sense of renewal and removal of inefficient companies when you're at the bottom of the cycle.
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livingfree
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February 06, 2024, 09:03:11 PM |
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Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?
Yes, I do believe that there is still potential during economic downturns. You know as a normal thing for most of the human being, we're here to survive and we do whatever it takes to survive. Just take the example of people that are living in hyper inflation countries like Zimbabwe and Venezuela. If people there don't see the opportunity, they won't survive. That's why they do whatever it takes to survive but some of their family members have been leaving the country to work abroad. But locally, there are for sure opportunities that can be seen but if ever someone sees it, it may be the other people that takes it. Because many don't like executions and they just think outside the box but don't do it.
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Yogee
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February 06, 2024, 09:50:09 PM |
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[....] Despite these challenges, do you think there are still opportunities during economic downturns?
I guess another thing that's not usually discussed is that economic downturns also eliminate your competition if you decide to stick it out. It's an opportunity to expand your business buying more assets and maybe enjoy some tax breaks. You'll be in a good position once the market rebounds.
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AmoreJaz
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February 06, 2024, 10:14:18 PM |
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[....] Despite these challenges, do you think there are still opportunities during economic downturns?
I guess another thing that's not usually discussed is that economic downturns also eliminate your competition if you decide to stick it out. It's an opportunity to expand your business buying more assets and maybe enjoy some tax breaks. You'll be in a good position once the market rebounds. that is, if you have good financial back-up and other resources to tolerate the the current economic conditions. the very reason why a lot are not sticking out because they can't sustain their operations as they will go bankrupt. definitely, they will find alternative options for those who can't sustain their business during economic crisis. and not many business owners can truly keep up their operations because they can suffer negative profits if they continue to operate without much customers to serve.
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benalexis12
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February 06, 2024, 10:29:56 PM |
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Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?
Of course, the opportunity is always there for people who are strategic in life, even if we say that the country we are in is going through an inflation problem. It's been a few decades that, despite the economic crisis, there are still many people who survive these opportunities in life. Then that's where all people live, because they have to survive every day of their lives, for that matter, as long as they don't give up on life.
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Rruchi man
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February 06, 2024, 10:33:17 PM |
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While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production.
There are also other challenges that may be difficult to tackle. For instance, there is also this bias people may have towards local products thinking that it is not quality enough maybe due to the raw materials used or the production conditions. Most people in some places from observation have preference for imported goods and products. do you think there are still opportunities during economic downturns?
There are opportunities in almost every situation, there are even opportunities in time of war and crisis. Invest or start up businesses that benefit from inflation like Oil and gas, Transportation, large wholesale/retail outlet for everyday items etc. Those businesses can benefit from inflation if properly managed.
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SatoPrincess
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February 06, 2024, 11:29:11 PM |
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While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production.
There are also other challenges that may be difficult to tackle. For instance, there is also this bias people may have towards local products thinking that it is not quality enough maybe due to the raw materials used or the production conditions. Most people in some places from observation have preference for imported goods and products. It’s true people have a certain sense of trust for foreign goods than the local ones but this challenge can easily be tackled by sensitization and promotion of local products in the country. It’s a PR problem and the narrative can be changed if the government wants it to. They can also be more extreme and ban the importation of certain foreign products that they know can be manufactured locally.
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Faisal2202
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February 06, 2024, 11:37:00 PM |
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Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. -cut- Despite these challenges, do you think there are still opportunities during economic downturns?
You are right, necessity is the mother of invention, but the necessity is not only in the form of inflation, recession, or some economic downturns, it can be in the form of boycotts as well. For example, people in my country, prefer to not use Israel's products and the companies that are directly benefiting Israel, so they left going to McDonald's and stopped using many products. This makes a gap for such products and services need and this need was fulfilled by local brands. People in big cities started to find other local restaurants instead of MacDonald and started to promote them by doing food vlogging so more and more people would know. Someone here raised a question that this boycott is hurting employment as when people boycott some company the local employee have to face financial problems as the company is not generating anything, but that's for temporary time and in the long run, when new local brands will take there place these employees will be hired again and will be making good money.
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Poker Player
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February 07, 2024, 03:58:22 AM |
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As a general rule, economic downturns are fabulous opportunities to buy on the cheap. I know people who struck gold in the 2007 crisis by buying Real Estate at bargain prices. If stocks and shares are your thing, you can take advantage to buy cheap when there is a downturn. Or buy Bitcoin, the recent inflation crisis coincided with a drop in price to $17K. When there is panic in the streets and everyone is selling it is an opportunity to buy.
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slapper
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February 07, 2024, 06:45:31 AM |
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We see who's ready to roll up their sleeves in these times. High taxes, running costs, etc. are major issues. Opportunities are too. When imports become too expensive, what happens? A market gap appears. That's a dilemma and a call to action for local entrepreneurs. High taxes and costs? They're obstacles. Overcoming them is part of the game. It's about efficiency, streamlining, and policy advocacy, probably most importantly
Not that it's easy. Far from it. However, history is full of firms that thrived during hard times. Why? Because they adjusted. They innovated, simplified, and targeted local markets. Remember that economic pressures can change policies and encourage local production. Despite the hurdles, opportunities are available for those who look and strive for them
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pinggoki
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February 07, 2024, 07:05:27 AM |
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As a general rule, economic downturns are fabulous opportunities to buy on the cheap. I know people who struck gold in the 2007 crisis by buying Real Estate at bargain prices. If stocks and shares are your thing, you can take advantage to buy cheap when there is a downturn. Or buy Bitcoin, the recent inflation crisis coincided with a drop in price to $17K. When there is panic in the streets and everyone is selling it is an opportunity to buy.
The only problem with this is that you've got to have a lot of money before the economic downturn happens because you're also affected by this too which means that we all should start saving now and make sure that each and every financial decisions that we take is strict and absolute that a deviation would lead to series of problems. Another thing that is an ick to me is that when everyone's already saying that we're in an economic downturn, people aren't still buying bitcoin despite knowing that the dump in price won't last and they fear that this isn't going to be the last dump in prices and then regret not buying so low again.
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demonica
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February 07, 2024, 10:30:35 AM |
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You can find opportunities during economic downturn or recession. First thing is investment. During recession, a lot of stock price are declining so you can make use of that time to invest on promising stocks in the future. Invest in the field that provides necessities or something that is essential and doesn't go out of trend. Aside from stocks, property and Bitcoin are also a good option for investments. Also, you can start your own business that strives during recession. Just like what I've mentioned about stocks, you can either start your own business. We've seen what happened during pandemic, a lot of businesses closed but those in the essential field remains operating and they become more in demand. I've searched for some other fields that do well during economic downturn. https://www.investopedia.com/financial-edge/0811/9-businesses-that-thrive-in-recession.aspx
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Majestic-milf
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February 07, 2024, 11:16:18 AM |
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Opportunities are everywhere even during economic downturns, it just depends on how well you utilize it, because it's in the time of such difficult straits you'd understand why adversity is the mother of invention. Due to high inflation in some countries, the economy experiences a sort of crunch and relating it to the market, consumers behavior and taste shift, eliminating certain needs and making room for others. Most times it's difficult to accept change or a new product especially if one is comfortable with it but for business to not shut down due to the recession, changing the pattern will come in handy. Although there are risks to these things like the possibility that after spending money to getamd rebrand the product, the demand and supply for that product will not be much, causing losses, but remaining rigid and consistent will eventually make people get used to it. Humans are adaptable after all.
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naira
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February 07, 2024, 11:21:02 AM |
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Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?
For this reason each country usually has institutions or state owned enterprises to facilitate Micro, Small and Medium Enterprises that want to develop their local products so they can be exposed abroad. Problems and challenges exist in administration which often make it difficult for pioneers to enter distribution areas between countries. Including the costs charged to have legality are also not cheap. So many local industries have been neglected due to poor management. Apart from that we often encounter unscrupulous individuals who use it to set costs and hinder the development of local industry in the eyes of the world. Many local productions now face serious challenges and do not receive more attention. Management bodies for Micro Small and Medium Enterprises do not receive full support from the government which results in the economic cycle stalling.
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Natsuu
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February 07, 2024, 11:24:01 AM |
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I think its possible that when import duties get high, people might start local businesses, boosting domestic production. Sure there are hurdles like operating costs and startup taxes but recessions can push us to find creative ways to overcome these challenges and discover new opportunities. It's like a rough patch that can lead to some unexpected positive changes but i think we should not hope towards that?
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Die_empty
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February 07, 2024, 12:18:33 PM |
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Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. There are business opportunities at any given period in any country. Even wars, natural disasters and conflicts bring some opportunities to make profit. Countries usually increase import duties to raise revenue and also support local industries. Local industries will be profitable during this period only when production resources are sourced locally. If these local industries depend on imported raw materials to produce, they will not have a competitive advantage because the cost of production will still be high. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?
Local industries will also survive if they are given the needed support by the government because inflation destroys local businesses. Tax exemption policies and the provision of necessary infrastructure will help these businesses to survive these hard times. Despite these challenges, do you think there are still opportunities during economic downturns?
If an economy is in recession it affects everything in the country but there are still many businesses that can flourish in these hard times if they are well managed. But ensure you carry out a comprehensive business analysis before Investing in any business.
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