How to Spot Opportunities in Crises

As I am writing this, we are still in a lockdown in Malaysia because of the pandemic. We are all stuck at home and many people are apparently suffering especially economically. Many have lost their jobs, many get their salary cuts and the list goes on and on. The point is that after all these issues, many people are still not awake to the new reality. They are still hoping that soon everything will be back to normal. 

If you have read my other postings, you know that I am strong believer that we should have multiple sources of income. Sounds good, but how do you start? 

I am going to use a simple and practical strategy that I used myself and made me a lot of money during this period. Actually, it is so simple that some of you will be like...come on. I knew this. Then why didn't you use it? 

How to spot opportunities in crises? I used Facebook. That's right, Facebook. You have noticed that during the pandemic people starting being even more active in social media. Many gurus out there also became even more active. Many started sharing webinar links to attend for FREE. 
How many webinars did you attend? 
How many webinars did you attend? 
How many webinars did you attend?

What about other posting from your friends who managed to pivot during crises? Did you find out more about what they did and how they did it? 
When one of my friends, Dr Janson Ang, posted his photos in farms, he got my attention. Many other friends just wished him "Congratulations" to his farming ventures. I did the same, but I did not stop there. I called him on the phone to find out more about his farming projects. That phone call led to a three hours meeting at Coffee Bean, which led to us starting a community of people who believed in our vision.

The point is, the same farming photos were seen and commented by many people and friends but 99% of them did not benefit from it because they did not go the extra mile to find out more. I did and I am still benefiting from it.
So, be diligent. Maybe your next opportunity is in the next Facebook post or even advertisement. Do not ignore it. What do you have to loose if you check it out? Nothing. You learn new things. You equip yourself with new knowledge. 

Why people did not take action? One of the reason is that they make assumptions like, going into that business is costly or I do not have the money to invest in another business, etc. You assume, which means, you make and ass of you and me:) Some will get the joke.

Stop assuming and start learning. New opportunities are waiting for you. Take action. 

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