Archive for recession
Psychology of Recession
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That’s a bit of a pretentious heading – as if I’m qualified to comment on either psychology or economics…
However, as an amateur observer of the human condition, it does strike me that a significant component to our current economic quagmire is largely in our head. It seems that while we have transitioned over the years from an agricultural economy to a manufacturing economy to a service economy to an information economy – what we really are is an economy of confidence. When we lose that intangible, psychological element of our collective selves, we perceive ourselves to be in huge economic trouble. And, because we are an information-based economy, we have an amazing ability to measure, calculate, survey, report, broadcast and share our lack of confidence with the world. Read More→
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Five Essential Leadership Traits You Need When Times Are Tough I don't have to tell you how turbulent the last couple of years have been. We've seen the impact of the economic environment on entrepreneurism in a big way over the last 18 months. On the bright side, I am seeing that businesses startups today - and those existing businesses...... -
Tip-toeing Past Fear Our internal fight-or-flight response is designed for our protection in times of danger. When our brain senses fear, it suppresses our creativity and shuts down access to the thinking part of our brain - the cortex. Scientists tell us that our fear response is controlled by a small, almond-shaped......
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Protecting Your Credit in Economic Decline
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The “credit crisis” has become ubiquitous. It is being blamed for everything from home foreclosures to a plummeting stock market. Many individuals and most businesses are feeling the pinch from the credit markets today. Which is precisely why it is so important to carefully manage and protect your personal and business credit profile during these turbulent times. Those who are able to survive the current recession with their credit profile intact will have so much the advantage in the economy to come.
Similar Blog & News Articles
- An Overview of what Credit Report is :: Money Making Machines
- Credit Report and How It All Works :: Money Walks
Similar Wikipedia Articles
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Your next boss could be you! Prepare now to start your own company There is a nice article on the website called "Business Owners Idea Cafe" written by Idea Cafe CEO Francie Ward, entitled "Get Ready! Your next boss could be you: Turning the threat of downsizing into victory. Prepare now to create your own company." In this article, Ms. Ward discussed 7...... -
11 Steps to Giving Employee Negative Feedback Every successful entrepreneur eventually has the experience of giving what is perceived to be negative feedback to an employee, manager, vendor, or partner. Providing this kind of feedback is essential to leadership, and it is the most direct way to provide direct reports with information on how they are performing. ......
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10 Keys to business survival in a recession
Posted by: | CommentsIt seems to be the consensus among business and political leaders that our economy is worse than it has been in generations. Statistics, for what they are worth, prove it. In other words, most of us have never seen anything like today’s economic crisis, and there isn’t much in our own experience that gives us guidance in our business
decisions. A recession such as this requires a shift in our thinking, our planning, and our decision-making in
order for our business to see the light of day at the other end of this economic cycle.
Economic cycles, by the way, are usually long. The common chatter heard from talking heads and prognosticators is that we should see the beginnings of a recovery in 6 months – or 9 months – or 12 months – or 18 months, etc. The truth may be that we are in for a longer ride than we optimistically expect. (For example, economists generally agree that we were in a bear market cycle from 1966 to 1982 – a period lasting 16 years; and that we experienced a bull market from 1983 to 2000 – a period of 17 years.) If history is our guide, the recovery might not come quickly. Fixing the global mess will probably take years.
So, as small business owners and entrepreneurs, what do we do and how do we survive? For what it’s worth, here are my Keys to Survival in today’s economy:
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11 Ways to Protect Yourself in Business Business is riskier than ever these days. The economy is a mess, credit markets are tight, taxes are high - and likely to go higher, the courts are clogged with frivolous lawsuits, and attorneys seem to rule the world. What can you and I do about it? Fortunately, we......
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Entrepreneurs Tale of the Tape The numbers are compelling, but perhaps not surprising: entrepreneurs make our economy - period. Our economy isn't driven by social programs, or by AIG/Lehman Bros/Morgan Stanley/General Motors or any other combination of banks or big business. The concept that "What's good for GM is good for America" has been turned......
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