|
|
Like this article? PLEASE +1 it! |  |
|
A "Weak" Consumer With Confidence!
Written by: Sean HymanArticle Overview: When the strong Consumer Confidence numbers came out today, it begged the question: Do we really want consumers too confident?
 |
Free Download - Euro Dead Zone! By Sean Hyman |
A "Weak" Consumer With Confidence!
When the strong Consumer Confidence numbers came out today,it begged me to ask the question: Do we really want consumers too confident? The numbers were good, but I really think it depends on from which perspective you are coming from.Was it good news when Real Estate was up 12% or so again in 2005, and homeownership reached all time highs?Turns out it was not!
I am really glad that people are feeling a little better about themselves and the economy.I give the Obama Administration and Ben Bernanke a lot of credit for this. People are really breathing a little better again, but old spending habits die hard.
We have been tracking US consumer confidence for over 40 years, and I think when it started in 1968 it had some real value, but now it seems like one of those indexes (like many of our regulations) that has become outdated over time.
Over the last 15-20 years, we should have been checking for America's "over-confidence in over consuming"!The fact that 70% of the economic activity comes from consumer spending is the problem!
The US Consumer is still very weak, regardless if he/she is spending.
This economic crisis stemmed from too much confidence, and not enough rational thinking. In addition to horrible risk management, money management and irrational exuberance for things like Stocks and Real Estate.
America really changed last year, and people are starting to save more money. This trend will continue for a couple of generations to come and an economy where its people are capable of striking a balance between spending and saving should be seen as the good thing!Not just spending!
The US may well become the first balanced economy, in which we save, spend and invest like rational human beings.
A lot of people out there are confused right now as well they should be. They have been told that recessions happen because people do not spend enough.On the other hand, the reason that we got into this economic mess is because they spent and borrowed too much.
My advice to them is to save, because money is the new political weapon of the 21st century! In addition educate yourself about investing and personal finance.
Once you have learned to save and invest, then learn to spend and enjoy your money like a rational person!
If the global economy is going to work, other nations are going to need to consume more and not necessarily the United States.Consumer Confidence in China, India and other BRIC nations are far more important to the US growth (SPY) thanour own consumption and confidence.
With all the debt piling up in the US the last thing we need is need is a lot of confidence about borrowing and spending again.
Consumer confidence increases
Are You Ready to Improve Your Self Confidence Level?
What Is A Credit Score?
What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 1)
Inspirational Leaders Communicate With Confidence
Article Tags: all time highs, ben bernanke, confidence numbers, consumer confidence, consumer spending, die hard, economic activity, economic crisis, generations, homeownership, indexes, irrational exuberance, management money, money management, nbsp, obama, perspective, risk management, spending habits, stocks
|
About the Author: Sean Hyman RSS for Sean's articles - Visit Sean's website  Click here to visit Sean's website   Everything You Need to Know About the $800000 Housing Credit Gold Will Shine Once Again in 2009 Part 2 Money is Tip Toeing Back into the Emerging Markets Commodity ETF Updates Obama Stock Analyst Turned Currency Analyst |
Related Forum Posts
6 Simple Ways to Be Taken More Seriously
- 1. Eye Contact
2. Be Assertive
3. Speak Clearly - Don't beat around the bush
4. Better to be the king the the court jester - only make jokes when apropriate. If your not serious then don't expect people to take you seriously
5. Confidence
6. Confidence (yes, confidence again!)
Boosting Confidence
- Confidence is something all of us women could stand to have infused in our blood 24/7! It’s one of those areas that many struggle with the most.
Through my coaching practice, I’ve discovered an underlying thread that seems to undermine confidence in some women. It has to do with confusing true confidence with pride or arrogance.
Confidence is being sure of who you are and what you are able to do in a way that does not compare yourself to others. It is not dependent on value because every one of us women is valuable.
Pride or arrogance is when someone lifts him or herself above others as if they are more valuable than others. It also seems to be related to "approval addiction" where the self esteem must continually be fed by others or they don't feel good about themselves. Thus, some arrogant people put others down so they can see themselves as above.
Confidence is simply being all of the great woman you already are. You want to create a great business and you want to do your job well. It is not prideful to be confident in what you are doing.
I invite you to give yourself permission to really let your abilities come forward and see what happens to you and your business as a result.
I’d also love to hear what methods you have for boosting your own confidence.
Re: Avon/ Amway
- Consumer spending behaviour dictates that during down times, consumers will be MORE apt to spending on personal hygeine and personal therapeutic items. This is why you see companies like Avon, Mary Kay, etc advertising more and finding new sales associates. Not everyone will have a job, but most people have friends to sell things too!
Books for Women Entrepreneurs
- There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here.
It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
1. The Old Girl's Network
2. Mother's Work
3. The 7 Greatest Truths About Successful Women
4. Pitch Like A Girl
5. Workplace Warrior
6. Treasure Hunt: Inside the Mind of the Modern Consumer
7. Contingency Planning & Disaster Recovery
8. She Wins, You Win
9. Napoleon On Project Management
10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do
11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years
12. The One Minute Millionaire
13. Talking From 9 to 5
14. Soloing: Realizing Your Life's Ambitions
15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success
16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded
17. Fail-Proof Your Business: Beat the Odds and be Successful
18. Confidence: How Winning Streaks and Losing Streaks Begin and End
19. Women Don't Ask: Negotiation and the Gender Divide
20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business
22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker
23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business
24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises
25. Net Ready: Strategies for Success in the E-conomy
26. The Promotable Woman
27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it
28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home
29. Secrets of Six-Figure Women
Re: HOw to market a B2B consulting company
- [quote="zohahunt77":428owzbi]Hi, I was wondering if anyone can tell me the difference between B2B and B2C. I don’t know about b2b marketing but I have done marketing so know things about it. I will suggest you to take online services which will spread your business all over web network. Online marketing is the best way to market any business.[/quote:428owzbi]
B2B = Business to Business - You are marketing to other businesses.
B2C = Business to Consumer - You are marketing to consumers.
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
by: 
February 2012 Top 100 Leadership Experts to Follow on Twitter
Please Stop Calling it Coaching!
Measuring the Quality of Your Hires
The fine line 
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
What is an Adaptive Organization
Sales Flubs
Ten Reasons to take Notes during Sales Meetings
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.