According to an article posted on the American Metal Market website, “five steel mills in Changshu city, in China’s Jiangsu province, have declared bankruptcy as a result of the current market downturn.” Just another sign that the current economic crisis in the US is being felt all over the world. The recession is real but it is up to each of us to decide if we are going to just accept it and let it roll over us or if we are going to find opportunity in it.

There will be many who choose to cut every possible cost so as to preserve cash and shore up profits. Those who do, will make the depth of the recession become a self-fulfilling prophecy for their firms. Those companies look to long-term results and work creatively and smart will find hidden opportunities to increase their market share.