In all recessions there are winners and losers. These are the times that allow true entrepreneurs to gain market share and security, positioning themselves for the next growth phase. Here is a great example in the world of real estate development:
“‘You’re programmed as a real estate developer to always be looking for the next deal, the next opportunity,’ said Chris Ellis, 43, a managing principal who joined the firm in 2001, two years after it was formed. ‘And we all had to reprogram ourselves to be patient, because there have been no deals.'”
It has been widely noted that Austin and Central Texas have weathered this recession better than most, and began recovery sooner. Innovators like these are key. Hats off to our entrepreneurs!