ForumsShop Talk

Hi BRMcHenry,

I hope that everything is going great with your business. I know that we have communicated before via this forum.

This economy is a tough one. I just got back from a job fair that I was a part of and you would not believe how many people are with out a job. Through small talk, I learned about stories of people that were laid off due to business being down.

I am surviving by supplementing my income, being competitive, and spending my dollars smart.

HumanArrow.com
Directing Traffic To Your Business!

Surviving this Economy?

Today's New York Times (Sept 25)

"one of the chief concerns about the Treas. Dept. $700 billion bailout plan is that the
same Wall St. firms that helped create the crisis could make a killing cleaning it up"

WHAT A COUNTRY, LUCKIEST

My thoughts on Surviving this economy are dont give up and never surrender .

<table class="jive-wiki-table">
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<td>1. You have a Sizzling Idea

There are lots of red-hot ideas, but finding one that can make you money in hard economic times is a different story. Think about how your spending habits have changed when times are tough. Do you shop online more so you can easily comparison-shop and save on gas money? Are you a parent who sees the need for eco-friendly baby products and clothing? Are you sending more e-cards than paper cards? Do you have an idea that answers the needs that arise during tough economic times?

2. You have an Excellent Credit Rating

If you have an excellent credit rating and low balances on your credit cards, banks will be knocking down your door to get your business. Take advantage of that to negotiate 0% financing on a loan or credit cards to use for start-up capital.

3. You have Out-of-This-World Negotiating Skills

Negotiating deals at the bank is somewhat dependent on a good credit score, but even if you have less-than-stellar credit, you can get a loan with favorable terms. If you're skilled at negotiating deals, and have the chutzpa (and a marketing plan to back up your business idea), then there's a good chance you'll walk away with exactly what you want.

4. You are a Money Manager Par Excellence

Are you able to make ends meet despite being on a shoestring budget? Are you the one your friends come to for financial advice even though they make way more money than you do? Then you're probably pretty good at managing your money, a must-have skill when starting any busines, but especially one during a recession.

5. You are Disciplined and Detailed

If you're the type of person who's disciplined, thorough with details, and not prone to making impulsive decisions (money-related or otherwise), then starting a business during a recession will probably be a successful endeavor for you.

The bottom line is that if you're ready to start a business, don't let a recession decide whether it's a good time or not. If you've got what it takes and the right mindset, the time is now. After all, good ideas are always in demand.</td>
</tr>
</table>

LUCKIEST, all I have to say is, thank goodness for Jon Stewart. There is some real genius in his reporting