Forums: Discussions for entrepreneurs and small business.

Thanks Janie  - Everything that happens in this world is for the best. We need to look at every war and struggle that happens in this world - as one step closer to a world that is becoming a better place to live in. As if this machine thats called the world is getting cleaned out so it can operate better.

When there is a war - we fight the evil, evil must be fought because there is just no other way. It may take some time but the good will come.

The problems with the economy now - this is all happening for a reason. Maybe God is trying to tell us that we need to lead out lives in more simple matter then we were until now.I believe that this current crash is coming to `clean out the system` and everything will be much better afterwords.

In life there are dreams and then there is reality. Many times we dream about something, maybe a vacation or a business etc.. but when the dream hits reality....Its not usually what we expected.
 I hope and pray that as we dream about `the day after` this economic crash - when we will hit   that reality - it will be even much better then our dreams! 



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IsraelExporter.com - Marketing and Lead Generation for Israel's Leading Export Companies PiTag Media - PiTag Media uses online tools to provide increased value for start ups and large companies. Connect with me on LinkedIN

It is time to evaluate you and your business in light of the current economic.

• How resistant is your product or service to the impact of a recession or constrained financial environment?
• How will you manage with a reduction in sales (if any) a potential increase in taxes or costs?

It`s also a time to think about what you can do to improve your environment. The payback may be an increase in your sales.

• What can you do to help others? Pricing alternatives?
• Improving your financial condition will put less strain on the economy.

• Are there additional products or services you can offer that fit the needs of people/businesses in this economy?
• Can you diversify and limit the effect of an economic downturn?

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This is the economy rule...we cannot avoid it.

The economy Rule?? What do you mean?

Yes, this country is in a cost cutting period, just like many businesses go through.  Companies in the US altogether have not grown according to previous growth estimates due to the strength of the intricate global economy and greedy CEO`s.  This being the case, investments made in small business, large business, and debt of any kind will retain a value based on nothing but speculation of future cash flows (which sets the basis for P/E and NPV based valuations of all businesses) being positive and moving in a growth trend.  This can take anywhere from 3-5 years from the beginning of the recession for us to see happen.  Nobody knows the future here, but I would say that increased trending in free cash flows will lead us towards a stronger economy.  In the meantime, the only real opportunity is for small businesses to swoop in and take business previously generated by large public companies running according to the national supply chain model.  Smaller businesses should understand local trends better than large chain companies because of the locality of management.  Many national retail chains only see the big picture, so they decide to close down stores in comparably more poorly performing areas.  The business that is generated, however, is being given to you and all the other entrepreneurs in this country.  This is truly a time of opportunity for the little guy.  But of course, for the next three years, the goal should be to just keep the doors open and establish brand loyalty.  The real money will be realized for the first six months that we recover from the recession.  Then you will see the national chains move in again, and you better hope that you have established true brand loyalty...

Aaron

It may seem that price is the key to survival at the moment. Just as it may seem that God would like humanity to live a simpler life. I don`t think so.

We`re actually living a simple life. It`s not complexity that caused all this, it`s lack of morality and ego. It`s the lust for power. Remember that the old quote isn`t that power corrupts and absolute power corrupts absolutely. It`s that the *lust* for power corrupts, and so forth.

We`re not seeing a failure in free markets, nor a failure in capitalism. We`re seeing the results of nearly a century of economic theory that mandates government`s hand on the throttle. When times are good, induce a recession with interest rates. When times are bad, lower interest rates to boost the economy.

The whole theory is foolish, but nobody knew that when it was developed. A hundred years later, we`re facing the result.

One thing for sure, this definitely is the start of a great "cleaning out." We began another brilliant idea about 60 years ago, when the economists told us that debt spending was fine for corporations, even though any individual knows you can`t live on debt. Sadly, individuals bought into the idea, and now we have a debt-based economy.

The two fundamentals of money apply today as they did hundreds of years ago. Live within your means (revenues), and don`t borrow money you can`t pay back. It`s true that borrowing is a great tool for development, but only when the overall economy can support a proportionate number of loans. When EVERYbody is borrowing, then where`s the new money coming from?

Another key is to have a real product. That means something with intrinsic value---something that would be valuable in a barter economy or on an enclosed island. That means a service as well, but it has to be a real service.

Then another thing to consider is that big retail franchises aren`t really stores. They`re distribution channels. You can remove the large-scale distribution systems, but still have a flowing economy. It`ll just mean searching out smaller distribution methods, and perhaps being satisfied with less in sales.

What recession?


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Get Out of Debt

Once we get here. Who cares what the economy is doing. We are is a place where we can survive anything tossed our way.

Caricc, that`s exactly on the button. The micro-business IS the future, particularly our own, individual future.