I want to talk about these industries that I think are immediately at risk now
here again I have seen I you know what I've been appalled at what I have been
seeing on the Internet's with trainers and coaches and the scare tactics and
how they're telling you they're gonna be massive yeah there are gonna be some
layoffs I don't want you to freak out about it I want you to understand why
they're gonna occur how I think they're gonna occur what this is gonna mean for
you and what you can do but I do think it starts with recognizing am I in a
situation where it's risky okay now some of you might have been discovering this
already and some of you might it might not have hit you yet but I just want to
take a look at a couple of these industries that are gonna be hit
immediately and what this is going to mean you you recognize while we are all
in our homes or in our offices that we're not traveling we're not going to
parties we're not going to bars events are called off the NBA is called off
right spring training baseball hockey all these you know all these events
anybody who's an event planning event right sales all that good stuff concerts
any kind of large venues you know they're gonna get hurt right now that'll
come back but for the short term it's going it's going to take a hit now what
I do think is going to maybe I didn't get maybe I didn't get all all the
things in there I ice travel but the airlines the hotels all of the all of
those venues that are related to travel agents and things of that nature related
to that industry is going to take an immediate hit any longer-term hit
because as I said before as companies become more comfortable working remotely
and people don't need to travel for meetings they find out that video
conferencing in zooms and webex's and all that good stuff is good to go and
manageable business travel is going to go down so
that's gonna be much much gonna have a much longer-term effect manufacturing
well people in factories are not going to work they're not manufacturing
products whatever those products are so that's gonna be
affected for the foreseeable future that it's going to be hard to catch up and
the other companies that rely on manufactured goods to operate their
businesses like transportation commercial transportation large product
transportation is what I'm talking about here this is different than personal
distribution okay so they're gonna they're gonna take major hits commercial
real estate so what's gonna happen when when organizations now I don't need
space for 200 people I need space for 20 people or 50 people I don't need those
long leases I don't need to pay all that money and rents are gonna be suppressed
because people are not buying them so rates are gonna drop that's gonna affect
commercial real estate lending any kind of development and all that good stuff
so so these are these are important things for you to know as well as
there's gonna be a host of non-essential fallouts technology items that people do
not need it's gonna drop retail clothing and other things when people don't have
money to spend think about everybody in the hospitality think about if you're if
you're in if you run a bar or a restaurant or you're a DJ or you're in
the spa and you're the massage therapist and you're not making money it's gonna
take time to recover you're not gonna buy clothes you're not gonna buy purses
you're not gonna buy those kind of things all that stuff you don't have
money to buy a new car right financially you're not investing the markets get hit
those are all in the wake of the immediate industries that take the
biggest hit and then there's a domino effect okay but it's not all bad news
it's not because there are so many industries that are gonna be on the rise
I ran out of real estate I ran out of real estate on this slide I just want
you to start thinking about companies and company types and industries that
will actually thrive as a result of this unfortunate situation right wellness
health care of any kind right is going to boom payer provider in company
anything related to that is gonna is going to thrive pharmaceuticals are
gonna go nuts to biotech and research industries nonprofits Social Work
counseling and all that good stuff the government is going to need more people
to handle the chaos believe it or not right and everything that's related to
the support that the government is going to give us in order to get through this
personal loans you're a real estate broker for loans for personal homes
you're gonna be in business for two years well everybody's gonna want to be
refinance and these rates aren't going up for a long time right so so so now I
can go and I can go refinance my house if I want to pay off all my credit card
debt show them all my w-2s and all that good stuff right if you are in that
field you're going to have a lot of work as well as as well as grocery stores
chains other and and so I mean not just in the stores but a lot of the
bartenders and all those folks are gonna be moving into grocery style jobs and
for the stores themselves but corporate right the chains are going to have a lot
more to do related to people buying food think about I went through my house
the other day I went mentally through my head what do i do from the time I get up
to the time I go to sleep as I was putting this talk together for you what
is everything that I touched everything that you touch from the time you get up
to the time your head it's the pillow all those industries and anybody who
supplies those kind of products go for them they're gonna be in business right
people are gonna be at home work they're cooking more home entertainment and I'm
talking about anything related to home entertainment right Gaming is gonna
become more popular things of that nature I got a whole gym inside my house
right it's probably gonna get bigger and I'm probably gonna get more equipment I
need I need the equipment I need the stuff to clean it I need everything that
touches what I do what about the home office a lot of you were not equipped
for this some of you are probably at your kitchen table right now with a kid
or a cat or somebody crawling on you watching me right is that give me a
shout out in the chec if you you know if that's you actually send me a picture
to the support queue anything that's related to high-speed Internet
communications video conferencing you're gonna be having happy hours unzoom for
the you know for the next month right all that stuff is go I did a coaching
session two days ago with a woman in Boston or in the in New England area
normally what happens is we do the session via zoom it's recorded in about
a half an hour to an hour after it's over and then I sent her the nice video
of her and me talking for the coaching session it took two days for that thing
to get to get recorded because of the increased demand I said to Cara hey can
you get in the queue and see what what's what she says I'm 200 and 19th in the
queue we're never more than one or two in the queue right so think about go
after those companies that are going to support that anything online this
anything that you can think of Facebook Instagram any of that stuff any social
media any streaming Netflix anything that can be done online
Hulu whatever they are productivity tools these are gonna boom right those
rates are gonna go up more people are gonna start using slack and other
whatever tools that they use to communicate just an example but you get
an idea I would love to know I would love to know throw this in the chat and
maybe we you know we can chime in or Cara and Stacey can can slack this to me
are there okay so like I said this is just a bridged list of things that I
thought of off the top of my head are there other industries that you think
are really gonna thrive contribute to the chat let me know that right this is
today today is about support are there ideas that you you can give that we can
share that you can share with people in the chat I would love love to see it I'm
giving swag out at the end so you know get in there and make me proud and
contribute to that chin alright so let's talk about what all this means all right
so now you got the background