Stephen Martin brings up a great point in his recent TechCruch article titled The Enterprise of One.
Martin states that during every economic downturn, individuals and businesses are forced to ‘reset’. It is during this process (Martin compared to cleaning out a closet), NEW INNOVATION is born. He then goes on to point out that each of our personal spheres of influence is worth something. Our connections, experience, influence, authority – and even our personalities – help drive US out of OUR OWN economic situation.
The governments and corporations of the world surely will always play a role in the world’s markets. This will likely always affect each person. What is changing however, is an individual’s ability to leverage THEMSELVES as form of currency.
I am not sure there is a particular name for this current economic turmoil (Call it OH Ten?), it seems that individuals and entrepreneurs today have the chance to help drive the ‘reset’ of our age in a way that past generations did not.
We have the Internet.
This gives us the unprecedented ability to reach out and take control of our own incomes, our own networks and our own destiny.
Welcome to 2011!