How Leaders Can Cultivate An Abundance Mentality During An Economic Downturn
Shirin Etessam is an entrepreneur (founder, OML TV) and transformational speaker. Her first book will be released in June 2023.
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As Lao Tzu is credited with saying: “When you realize there is nothing lacking, the whole world belongs to you.”
During times of economic uncertainty, consumers may begin to lose confidence in the economy and decrease their spending. We may also see interest rate changes, increases in unemployment, stocks declining, and new car sales, as well as retail sales, declining. For the experts, economic challenges and even recessions are an inevitable part of the business cycle. Recessions typically feature an economic decline in which the country experiences negative GDP (gross domestic product) growth for two consecutive quarters. When faced with this type of economic environment, individuals typically take one of two stances: a scarcity mentality aligned closely with economic conditions or an…
