I am fairly new - only in my second year - so my view is limited. However, I have been in business for over 20 years and this is not the first "slump" I have had to endure. In my younger days, I do not really think I noticed. It was head down and full speed ahead!
Well...is that not the same winning mentality we will need for the near future? None of us can control the economy. We can control our attitude and work ethic - both of which will need to be raised to meet the challenge.
From my point of view, whilst the previously mentioned attitude and ethics are important. I am, and will be focussing on being able to quantify (in dollar terms) the value add, tangible business benefit or ROI (call it what you will) on everything either I or my team will be working on.