The Rollicking Economy

The media is doing heavy damage in their attempt to define the state of the economy. Most entrepreneurs, especially those in the small to mid-sized business sector, just wish that they would back off and let the story unfold. Right now, the flames don’t need to be stoked with additional fire starters. The media seems to think they are actors in this movie, when really, they should be observers and commentators. Tune out the TV. Heck, I don’t even own one. As for print journalism. Read it with a grain of salt. The radio, same deal.

Dave Maney, a YPO colleague has his pulse on this situation. His recent blog post assesses the media’s role and presents a positive perspective on the state of enterpreneurialism. Dave is very much pro-business and I personally know how committed he is to helping business leaders learn. He is a teacher because he is a learner. As a member of a peer organization like YPO-WPO, I also value the concept of life-long learning. Like Maney, I have been able to help a lot of business friends in good times and bad.

Horst Engineering is 63 years old and we aren’t going anywhere. We may face short term challenges, but we always have. My father and business mentor, Stanley, constantly reminds me that as the steward of our family’s business; I have never really seen bad times. I worked at the company during college in the early 1990’s. After the end of the Cold War, the defense industry decline hit us hard, but we didn’t suffer as bad as others. After the bursting of the tech bubble and 9/11, we were impacted by the woes of the commercial aerospace market. Of course, we persevered and grew again over the past four years. 

My experience has been different from Stanley and my uncle, Steven, joined Horst Engineering in the early 1960’s, in the depths of a very difficult time in our history. They have seen many more business cycles, and their father, Harry, taught them a few lessons about dealing with crisis in business. Our perspective isn’t unique. Family firms are uniquely positioned to withstand market declines because of their built in defense mechanisms. Legitamately long term objectives are much more common amongst business owning families, than the typical enterpreneurial owner.

Our management team is clearly focused on the future and we see the current business climate as an exciting one. We are positioning ourselves to take advantage of every new business opportunity that we come across. We aren’t sitting back and waiting. We are searching for the opportunities, and they are out there. Dave Maney believes this, and so do I.

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