One of my favourite TV shows is The Big Idea with Donny Deutsch, an entrepreneurial programme broadcast on CNBC. In the light of the severe financial crisis bedeviling American businesses, Deutsch recently explained that he had to temporarily change the format of his show from showcasing entrepreneurship to discussing the economy.

There definitely are tremendous challenges now facing large and small enterprises. However, I wonder if Deutsch was completely correct in his declaration that the entrepreneurial spirit was forced to become dormant due to consumers’ lack of confidence and their consequent refusal to spend as customary.

It has been said that big opportunities are born in times when there are great challenges. The test of a true entrepreneur comes when he or she can ignore the prevailing darkness of despair, and focus on the light of possibility.

This is easier said than done, as it takes tremendous strength of mind to keep a positive outlook in the face of overwhelming negativity. Continue reading Profit From Problems →