Strategies: Year of the Rat brings opportunities

ByABC News
February 22, 2008, 2:39 AM

— -- "Gung hay fat choy." That's happy New Year in Chinese or at least a close proximity. If you own a business (and believe in any kind of astrology), this is a New Year you'll want to observe.

In case you missed it, the Chinese lunar New Year began on Feb. 7, but celebrations continue throughout the month in Asia and in many communities in the United States. In the Chinese calendar, each year is identified by an animal there are 12 animals in the Chinese zodiac. Predictions for the trends for that year (as well as attributes of the people born during that year) are associated with the characteristics of that animal.

This year is the Year of the Rat, and it's closely associated with entrepreneurs. That's meant as a compliment, not an insult.

Rats! "Ick" you might say. But don't turn your noses or toes up so quickly. The rat is the first sign of the Chinese zodiac because, according to legend, the rat was the first animal to show up when Buddha summoned all the animals to come him. Thus, the rat and the years associated with the little rodent are given pre-eminence in the lunar calendar, representing the beginning of a new 12-year cycle.

The rat is also respected for its many attributes smart, clever, resourceful, quick-witted, and courageous. Rats are cunning problem solvers, energetic. They are also responsible, protective and careful planners. Being first, they're also considered leaders. You can see why it's a sign associated with entrepreneurs.

As the first year of the lunar cycle, the Year of the Rat represents the beginning of a new phase. So let's talk about how you too can use the energy associated with the Year of the Rat to create a new phase in your own business life.

As a businessperson, what does the Year of the Rat supposedly augur for you?

New beginnings

Because it's the start of a new lunar cycle, rat years are thought to be particularly lucky years for new undertakings.

Starting a new business. If you've been wavering about whether to start a business, this just might be the year to go for it. While you must weigh your options carefully, rat years are believed to be especially promising times to launch a company.