The government released official data that India is poised to grow at 6.5% in FY 2010. The IIM’s are happy because the hiring seems to be back on track. There are reports filing the pages of newspapers that the business outlook is looking ‘up’ once again and that the world has seen the worst. Everything is filled with hope and assurance that we would live to see better things. But the question is why do we need so much assurance from the media and our general environment to live and do business ? There is so much hope anyways. The world is filled with opportunities. There are infinite systems that need to be improved; infinite markets that need to be tapped; infinite goods that need to be created and distributed.
For once, lets throw caution to the winds and start taking decisions without the bias of external factors. It is not necessary for the outlook to be good to grow / start your business. The best businesses have weathered the worst of economic storms. Should I invest in China and India simply because they are the fastest growing economies ? What if my business culture does not tune with Chinese culture ? There are so many things apart from the macroeconomic figures and data that need to be assessed before taking decisions. Inspite of a flat growth rate, USA might be the best place to be doing business in the world. Business decisions are taken on gut and judgment rather than FDI and GDP figures.
The media is good in two things; 1. give assurances, 2. give scares (I am sure swine flu must still be spreading like wild fire). Everything else we wouldn’t care to read. So I urge people to get hold of their life’s decisions and live without the support of external factors, assurances, media and the economic recession. So what if we are out of recession ? We still need to work hard, be intense and passionate about our ideas, products and services to succeed.
