168: Making Money in a Crisis – Turning Lemons into Lemonade [Podcast]

Company of One with Dale Callahan

Making money in a crisis might sound counter-intuitive - but be clear that there is always an opportunity to serve. A crisis is no exception. So if you are willing to serve others and looking for ways to start making money in a crisis - you are in the right place. But I know what you are thinking. Making money in a crisis is just plain greedy. Others need FREE help. Maybe - but before you judge too quickly, listen in. Making Money in a Crisis (Podcast Outline) Money is NOT always the issue. It is OK to charge people during a crisis. Many have the means and want your help. There are unique opportunities while people working from home: Babysitting Pet care Tutoring (any subject, any grade) Helping those with health care needs - Diabetic or other issues Food delivery Errand running Showing them how to use tools such as Zoom etc. - Art teacher could not use virtual tools, so had to cancel classes. Setting up in house workstations - computers, desks, etc. (VPN is a term some are hearing for the first time) Assembling things they bought to work from home Home gym setup Fitness coaching at home or over the web Someone to talk to Elderly care new high when people cannot getaway Working for Amazon / UPS / etc Think Long Term - What May Change for Good Colleges will have more online courses and get more creative Online tutoring will grow Homeschooling with grow Work from home will grow Personal finance and EF will be a hotter topic Home ordering of supplies - Now we know People will move away from JIT and minimalist to preppers Buy American (or where you are) Things formally made in China will be able to make and sell at home Drive through medicine! This may change the medical community more than any legislation ever could Faster FDA approval of drugs Freedom for doctors to practice without so many regulations Growth in teledocs Perspectives In 1929 investor Irvin Khan doubled his money. "The 107-Year Old Stock Picker." Look at stocks 1 and 2 years out. Look 5 years and a different story. 10 years even more Entrepreneur mindset thrives regardless of circumstances. They are ALWAYS looking for trouble. Episode 119: Developing an Entrepreneurial Mindset Where there is trouble - frustration, fear, or pain - there is a way to serve. Where there is a way to serve, there is a way to make money. Episode 132: How Being a Christian has Made Me Wealthy Episode 158: Quit Believing Stupid Lies about Money and Wealth Click here to listen now. Subscribe & Review in iTunes Are you subscribed to my Company of One? If you’re not, I encourage you to do that today so you don’t miss an episode. Click here to subscribe in iTunes! If you like what you hear, I would be really grateful if you left me a review over on iTunes, too. Those reviews help other people find my podcast. I also love reading them and connecting with you. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you! Links mentioned in this episode: "The 107-Year Old Stock Picker." Episode 119: Developing an Entrepreneurial Mindset Episode 132: How Being a Christian has Made Me Wealthy Episode 158: Quit Believing Stupid Lies about Money and Wealth Contact Dale Callahan Master of Engineering Management in Information Engineering and Management