The Opportunity Show by PerformXcellence

The Opportunity Show Newsletter        
Issue 2

 May 2009

  Greetings!

Welcome to the second issue of the Opportunity Show newsletter.  Spring has arrived and with it the slightest optimism has crept into the national consciousness.  In this issue Mark Monchek, TOS Publisher, takes a look at how a crisis can propel us to make changes for the better. When we let go of our fear of change, even a worldwide recession can be viewed in a positive light. What can you do to use the current recession as an opportunity? We offer ten direct actions that will help entrepreneurs and companies succeed in these challenging times. And because opportunity is always around us, we present a look at businesses that actually thrive when the economy turns south. Enjoy, learn, and don't forget to prove that you're smarter than a fourth grader!
A fork in the roadCrisis, or Opportunity?
By Mark Monchek

This Memorial Day didn't seem that different than most. The traffic on the way home was lighter, but the outlet mall off Route 80 was bustling with shoppers and the supermarket was as full as I've seen it on a Sunday afternoon at 5PM. It's not easy to detect that there's a major league recession going on; the worst economy since the Great Depression most say. 
  
Something profound has happened to us as a nation. Our challenge now is whether we make a healthy adaptation or an unhealthy one.  We can wait for the crisis to pass and go back to business as usual or we can seize the opportunity to change the fundamental way our system works.  
 
The Beneficiaries of the DownturnThe Beneficiaries of the Downturn
By ROB COX and ALIZA ROSENBAUM
www.breakingviews.com

There's money to be made from poverty. That may sound uncharitable, especially at this time of year. But the fact is, when people lose their jobs, buy cheaper goods and default on their loans, someone has to do the dirty work - and those companies can get well paid for doing it.

So breakingviews.com developed the Poor Getting Poorer Index - a basket of 22 equal-weighted stocks that includes the retailers, white-label manufacturers, repossession agencies, dollar stores, pawnshops and other public companies poised to capitalize on rising poverty. This year the index would have generated a positive return of about 9 percent, easily outperforming the 40 percent decline of the Standard & Poor's 500-stock index.


Read full article here
Surviving the 2009 Recession10 Steps to Survive a Recession

www.workplacemagazine.com

Businesses that take 10 important steps have a better chance of emerging from the current recession in a position to succeed, according to The Forum Corp., a Boston-based consulting firm that helps organizations execute strategy through people.

"By looking at past recessions, we've identified 10 steps that can make the difference between success and failure in managing through our current downturn, and they all come back to leadership," said Ed Boswell, CEO of The Forum Corp. "Following these steps will be particularly valuable in organizations that are undergoing cost-cutting and layoffs, which challenge managers to do more with less."


Read full review here
Malcolm GladwellDon't Blink: Really Listen
by Andrew Levine
 
Malcolm Gladwell is on a roll.  All three of his books have been New York Times number one best sellers, and his latest, Outliers:The Story of Success (Little, Brown & Company, 2008) may be his most ambitious and thought provoking effort to date. Like The Tipping Point (2000) and Blink (2005), Gladwell has that rare ability to make us see the world a little differently.
 
While Outliers is getting most of the attention these days, I went back to re-read Blink and found it particularly resonant for the way we think about opportunity in business. Blink is largely about a concept called thin-slicing. Gladwell defines it as "the ability of our unconscious to find patterns in situations and behavior based on very narrow slices of experience."  
 
 Edumacate Me
 
The cost to US taxpayers of the Savings and Loan bailout of the 1980's (approximately $176 Billion) would have bought a $50,000 home for every homeless person in America ("As many as 3.5 million people experience homelessness in a given year" according to the Substance Abuse and Mental Health Services Administration-U.S. Department of Health and Human Services). 

 Whopping Mega Deal :  Killer Phone Apps 

Take your iPhone or your Blackberry to the next level. FastCompany provides a comprehensive listing of over 20 apps that can transform the way you use your favorite pda. Downloadable applications let you upgrade your ability to handle attachments, stay out of a speed trap, maximize your battery life, get your RSS feeds, have automatic language translation, and more. Click on one of the links below and get supersized.
 

Thank you for taking the time to read our second issue of The Opportunity Show newsletter. Look for our upcoming June issue, and please forward a copy of this newsletter to your friends and colleagues by clicking on the link below.

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Sincerely,
Mark Monchek and the staff at PerformXcellence


In This Issue
Crisis, or Opportunity?
Beneficiaries of the Recession
10 Steps to Survive a Recession
Don't Blink: Really Listen
Opportunity Show
 
The Opportunity Show is
a newsletter meant to help you think differently about opportunity.

We will show you how opportunities show up everywhere, even in these tough times, and how you can become a master at finding opportunity and making it work for you and your business. And, in turn, make for a better world.

To learn more about the Opportunity Show, PerformXcellence, or Mark Monchek,
please visit www.performx.net

PerformXcellence
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New York, NY 10018
ph: 212-420-0570
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The Opportunity Show
is brought to you by:
Mark Monchek, Publisher · Andrew Levine, Editor in Chief · Donnie Pugliese and Jenn Bardong, Interns/Staff writers · Pablo Trinidad,  Technical Consultant and Company Geek, and is designed and built by Richard Berman and Jake More of VerbFactory

Are You Smarter Than  a Fourth Grader?
trivia Question


Lets see how many readers of The Opportunity Show can get this right

Who was the first man to circumnavigate the globe?

Send your answers to info@performx.net

Answer to our last issue's question:

Abraham Lincoln and Charles Darwin are the two world famous men born on the same day, February 12th, 1809.