“Charles, what would you do if you had to start all over again? I don’t have any money to invest in a business, and I don’t have any skills that I can make money from! All I have is my time and work ethic. Please help.”
I’ve been getting emails like these ever since COVID-19 happened.
Whenever someone’s in a difficult financial situation, my advice is to find a job. And I don’t mean that in a condescending way.
A job is the fastest way to get stability. It’s hard to launch your business if your lizard brain is worried about making rent.
The Japanese carmakers were fighting for their survival after World War 2.
Everything was stacked against them.
1. The demand for cars declined.
2. The costs of production soared.
3. The war devastated the Japanese economy. The carmakers couldn’t get access to capital to finance large batch orders.