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Strike While the Iron is Hot Using the Recession to Your Advantage

Written by: Ilya Bodner

Article Overview: These last few weeks of our economic downturn got everyone wound up. From business owners, to CEO’s and back to the consumers – everyone is at a panic about the recession, and the bailout we are in. But what is a recession, really? How is it lack of bailout impacting your life?

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Strike While the Iron is Hot Using the Recession to Your Advantage

These last few weeks of our economic downturn got everyone wound up. From business owners, to CEO’s and back to the consumers – everyone is at a panic about the recession, and the bailout we are in. But what is a recession, really? How is it lack of bailout impacting your life?

On the consumer side we are all hurt – prices on all goods and services are due to go up and we are all preparing for that D-Day invasion, presedent-elect Obama is already planning for it before getting to office. On the flip side, as small business owners we think of this as a gain or a loss?

In the world of lending, as chaotic as it turned out to be, the survivors are thinking of this as an advantage. When the competition of Citi Group, WaMu, NationalCity, are dropping out like flies, those that remain standing have already stepped up.

Small business owners – the time to expand is now, right now not next month or next year. Everything is at a fire-sale prices. As Christmas is approaching get ready to take advantage of the price cuts…we already know they are going to hike up. Business financing is at it’s lowest, the trick is getting to the places that are still financing small businesses.

Begin your research online for business loans, and business financing options. Having strong business credit is a plus, but alternative financing is not limited to just the banks that look at credit. Peer-to-Peer lending sites, merchant circles, and other social media outlets offer plenty of opportunity to find a way to get the money you need to expand.


Sincerely,


Ilya Bodner

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Home > Small-Business-Loans > Ilya Bodner > Strike While the Iron is Hot Using the Recession to Your Advantage
Article Tags: alternative financing, bailout, bodner, business credit, business financing, business loans, circles, d day invasion, economic downturn, elect, financing options, fire sale prices, flip side, media outlets, obama, peer to peer lending, small business owners, small businesses, wamu, what is a recession

About the Author: Ilya Bodner
RSS for Ilya's articles - Visit Ilya's website

Over the course of the last 10 years as an entreprenuer I have successfully launched, managed, and sold off several businesses. Each organization has added some value to my understanding of the business world today. My philosophy has been that 9 things out of 10 that I try will fail, but that golden one is always worth the battle. In my experience that has proven to be the case and my successful businesses still operate today under the management of those whom I have sold off to.


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More from Ilya Bodner
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Re: How should i promote a new website? Re: How should i promote a new website? - ignore this message IF it's already been stated. I haven't had a chance to read all the replies and i have to jet from the office... I suggest marketing where ever your Target Market congregates. If it's a forum of concerned parents - go there. Strike up a deal with the forum owner (JV) and have him promote it to the list of members (Integration Marketing). If you want to go with Forums then i would partner with a parent who is a frequent poster/moderator on a particular Target Market Forum and have him/her add your link to their signature. That was just a thought but it's not as intense once you get buy in from the Forum owner or high ranked poster/moderator. Hope that sparks some new ideas.


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