The Merriam Webster’s Dictionary defines the term opportunity as a favorable juncture of circumstances and a good chance for advancement or progress. Life is full of opportunities, of which some people take advantage of them while others let opportunity pass by.

What makes a person allow opportunity to pass them by while others take advantage of it? I believe there are at least four elements that play a part in being able to take advantage of an opportunity.

The first element is mindset. We must be prepared mentally to recognize an opportunity.

The second element is location. We must be in the right place to be introduced to the opportunity.

The third element is association. Soil is the most conducive place for a plant to grow. In like manner, our associations are potential breeding grounds for introduction to an opportunity.

The fourth element is equity. Almost every business opportunity I have ever seen required some sort of equity – cash, skill or some other asset. We must be in a position to have some available funds or access to an asset that can be leveraged.

The fifth element is vision. Where do you see this opportunity taking you? What can you imagine? Whatever that is, then that is achievable.

Remember every challenge presented in life offers an opportunity. We must be prepared to identify the opportunity and take advantage of it.

The Best Opportunity Is Now

It has been said that, “character is developed through the trails of life.” This is a true statement. In like manner, I would like to submit to you that, “business opportunities are sweetest when the financial climate is at its worse.”

Let’s take a look at what is happening in today’s financial climate:

(1) Banks are attempting to bail out many homeowners who are overextended.
(2) Economists are predicting their will soon be a tsunami of home foreclosures.
(3) The government is spending a great deal of cash to get the economy to turn around.
(4) Eighty one banks have failed so far this year.
(5) There are 150 – 200 more banks expected to fail during this banking crisis.
(6) Banks may have to set aside 25% of their profits in 2010 to pay for these failed banks.

With these conditions affecting the market, it is the best time, in my opinion, to launch your business. When we look back in history, financially depressed environments have always created new business opportunities and the next generation of millionaires. Some companies and individuals prosper during recessions. You might have to re-think or re-create yourself but prospering during these tough times is possible.

Could the next generation of millionaires include you? Of course it can, but you have to be in a position for this to happen.

Allow me to assist you with discovering the best opportunity for you. Send me an email at info@frederickotowles.com.