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While many people in the business world have grave fears about 2009, if they were to take a look at the past they would find some cause for optimism. That’s according to business guru Roger Hamilton, the creator of the Wealth Dynamics system.

History tells us that some of the most innovative and successful business ideas of the last few decades grew out of the oil shocks and recession of the 1970s. By learning a little bit about these events and circumstances, entrepreneurs can learn valuable lessons and access the kind of business help they really need.

Giving his weekly business help and advice on his regular weekly TV show on yourBusinessChannel, Hamilton explains that there are many parallels between the economic situation of today and the situation in the 1970s. In both cases, he says, “America was in a war that people didn’t think they should go to, they just had a change in president, there was terrorism going on, and of course there were huge shifts in currencies, dropping of the American dollar, plummeted with the Nixon shock, the oil prices were going crazy and of course the stock markets themselves were not doing well.”

Despite these problems, says Hamilton, this period saw the rise of some of the really successful companies and great business ideas of the 1980s, 1990s, and 2000s. He cites Microsoft and Virgin as two examples of this. Bill Gates and Richard Branson did not sit through the 1970s worrying about the crisis, says Hamilton, but they went looking for a really great business idea. In a recession, there are enormous opportunities for companies to take a long view, and build a plan to adapt to the new environment. It would be a mistake, for example, to look for business help to maintain old product lines that will not be suited to the new economic situation.

Roger Hamilton shares his latest business help and insight on weekly shows on yourBusinessChannel.

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