4 Critical Lessons For Difficult Times

Most of the world is under threat.

In the industry, I operate my company, aerospace; there’s daily news of the sector contracting.

We’re seeing airlines all over the world “park” their aircraft and reduce flights up to 98%.

It’s contraction on a massive scale.

Everything has halted.

The entire supply chain is closing up, reducing its support, and when you could once buy items on credit terms (i.e., net 30, 45, or 60), vendors now require prepayment.

Boeing is asking for a bailout, yet over the years, Boeing, a major aircraft OEM as squeezed margins from its tiered suppliers, which during difficult times, the excess cash would have allowed them to survive, and support Boeings future.

As I drive down the streets, shops closed, and small towns have become ghostly quiet.

We see a world who can’t get beyond First-order thinking

According to Farnam Street, first-order thinking is:

First-order thinking is fast and easy. It happens when we look for something that only solves the immediate problem without considering the…