A Business Lesson from COVID- Is This The Most Important Lesson?

This is possibly the most important message that I would like to pass onto as many people as possible.

Ever heard about having a strong "why" to do something?

Well this message is my "why" for everything...

First of all I want to start with this...

I do not intend to preach or try to come across as someone who knows exactly what's about to happen and...

DO NOT TAKE ONE PERSON'S WORD FOR ANYTHING THAT YOU LEARN OR HEAR.

That includes mine! Back it up with your own research and take others opinions/ views on board.

OK now that is out the way...

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Exponential Growth

So yesterday I asked my email list this question:

How long do you think you would have to live if there was a magic dropper (that doubles the drops every minute) to fill a watertight stadium with you handcuffed to the top bleachers.

• 1 drop of water after 1 minute2 drops after 2 minutes
• 4 drops after 3
• 8 after 4
• 16 after 5 etc..

The time is 12:00 midday.

Seriously STOP here and have a guess...

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So what did you think?

Months?

Days?

Hours?

The answer is...

12:50.

50 minutes later the whole stadium would be full and you would be holding your breath for your life.

But this isn't the important part of the message...

At what time would you first realise anything was happening?

At what time do you think the stadium would have a couple of puddles on the pitch that filled just 3% of the stadium?

12:45!!!

At 12:44 you would have been sitting at the top of Old Trafford (or whatever stadium you decided) wondering why on earth I had handcuffed you there for 44 minutes.

At 12:45 you could have spotted a couple of puddles on the pitch if you had good eyesight.

But then...

BAM!

5 minutes later the whole stadium is under water.

Now, I know what you're thinking...

But what if your stadium was bigger? What if your stadium had 130,000 seats instead of Old Trafford's 76,000 capacity?

It doesn't matter!

Because the dropper DOUBLES every minute. So you'd be under water at 12:51 instead!

This is exponential growth.

This is actually very similar to what happens with an online business if you set it up with strong foundations. Just check out Kyles article:

Website Traffic is Like a Moutnain, Stream and River

But this is pretty much what is happening with COVID-19. Look at any news article and you can see that it has been doubling in pretty much every country that has been testing for it (if any of the reports are even remotely accurate!)

But yet some people still aren't taking it seriously!

COVID-19

Now, I don't want to be a "doom and gloom" guy by any means. If anything I think it's bringing out the best in humanity (so far).

This is a joke meme FYI...

• People are helping those in need.
• Taking food to the elderly.
• Being kind, understanding, spending more quality time with their loved ones.
• Supporting those that are temporarily homeless (the staff in our tower can't go back home due to their area being sectioned off, so many people are bringing them blankets, food, water and they have been given accomodation in a few empty apartments).

However, everyone seems to be aware this isn't going to disappear tomorrow.

Things will not just "go back to normal" any time soon.

Small businesses are disappearing due to their overheads. More and more people are finding out that their "safe secure job" isn't so safe and secure. Pensions are being crippled overnight due to global stock market crashes. And nobody knows when it will "reach the bottom".

So what can we do?

(Man this sounds pretty gloom and doom doesn't it! Eurgh... sorry!)

Well there is one thing anyone can do right now.

It's something I've personally been doing for the last 5 years (I only ever share things that I personally do as I believe you should only ever take advice from people that actually do what they share/ teach... unlike most of the education system)

The one thing you can do with this potential extra time that has been handed to you is...

Improve your financial education!

(This is my BIG why- the education system NEEDS this and I feel like it is letting people down- I don't want my children to go to high school without this being part of the curriculum and I will do everything I can to make sure they get educated on this)

I don't mean start reading about businesses or looking at boring stock charts or reading the Financial Times... unless that floats your boat!

I mean find some genuinely good YouTube videos that also entertain.

Read some books that may actually teach you some stuff AND are entertaining (YES THEY EXIST)

• Swap out some of your time dedicated to "completing Netflix" and learn what's actually happening to the global economy right now.
• Learn why things are happening like they are.
• Figure out some potential things you could be doing with any money that you have.
• Learn some new skills that could make you new income streams rather than relying on ONLY one.

This is not meant to "fear monger" or scare people. I just want to help as many people as possible learn that one of the biggest opportunities that will ever exist in our lifetime is happening right now.

Look this s*** is going to happen whether we are prepared for it or not.

• Wouldn't it be better to come out of it understanding more about what you want from your own life?
• Figuring out what you can add to society?
• Understanding how you can benefit from a horrendous situation rather than being financially and emotionally crippled from it?

And I want to leave you with this...

DO NOT TAKE ONE PERSON'S WORD FOR ANYTHING THAT YOU LEARN OR HEAR.

That includes mine! Back it up with your own research and take others opinions/ views on board.

Mike "keep changing for the better" Beatty,

P.S. Here is a YouTube series that explains the whole financial system in a VERY entertaining way. No complicated words are used. There are animations throughout. And it is one of the biggest eye openers I've ever had. There are 10 episodes in total at around 30 minutes long (episode 7 is unfolding in front of our eyes, episode 4 explains how the monetary system currently works and all of them are little clues for what to do), so if you do have the time I highly recommend checking this out #swapnetflixforlearning #inafunway

P.P.S. If you agree with this or found it useful, please do share it with someone else in some way.

P.P.P.S Just remember... Tough times do not last. Tough people do.
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answering a question below...

How does this relate to online business?...