With Every Crisis, Comes Opportunity

Dear PDC Community,

It is time to change the narrative that has been imposed on us. Yes, we are just returning to work after months of being caged in. Yes, unfortunately, some persons were not so fortunate to have a place to return to work or have been laid off. It is time to take the losses and move on! We have all experienced the wrath of Covid-19, which affected us financially, emotionally, and even spiritually. BUT WE MUST GET OUT OF THIS TOGETHER!

Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family is credited with saying that “the time to buy is when there’s blood in the streets.” This saying seems to be paramount during the present circumstances. I’ve personally seen property being sold in New Providence for peanuts, in very good areas. Now is the time to be as financially prudent as possible, but make wise and calculated investments which will pay good returns in the future. Now is the time to begin investing in a business so you can be responsible for your very own financial freedom. Now is the time to begin an aggressive savings plan, as Covid-19 literally exposed our inept ability as a people to retain cash in our bank account!

As always, I would like to leave you with a few takeaways on how I can factually back up today’s blog topic ‘With every crisis, comes opportunity’.

  1. I am a product of creating an opportunity during a crisis, as PDC Startup (Formerly StartUp Bahamas) was birthed on July 1, 2015. During this time I had just been laid off from an organization due to circumstances beyond the Organization’s control. Fast forward 5 years later, we have employed over 15 persons during this 5 year period, and successfully started over 700 businesses to help fuel small & medium-sized businesses (the driving force behind every economy).

  2. Some of the worlds largest and most successful companies that we see today were created during the 2008 recession, such as Uber, WhatsApp, Groupon, Instagram, Pinterest, Square, and my personal favorite Stripe. See link for reference https://www.foxbusiness.com/markets/startups-great-recession

  3. More than one stream of income is MANDATORY, not optional.

  4. Please be creative. Stop copying. There are tons of untapped markets out there to explore and are pregnant with opportunities. Stop taking the lazy way out and “copying what you see.” What works for one may not work for others.

  5. Get into a good routine and remain consistent. This routine may entail jogging, meditation, reading 1 new book per month, whatever it is get into a routine that will shape the path for your own success.

    Please continue to tune-in to our weekly Tuesday blogs, tell a friend to tell a friend about us, and send us their email address to be added to our mailing list!

    Sincerely,
    Peter D. Cartwright

Peter Cartwright