Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









Thousands are getting fired What are people doing in tough times

Written by: Ilya Bodner

Article Overview: Thousands are getting fired; What are people doing in tough times? The nation is being hit with unemployment. We all know someone who has been affected. What are those people doing about it? What is everyone really searching for right now?

Free Download - Getting things going in a New Business By Ilya Bodner
Name: Email:

Thousands are getting fired What are people doing in tough times

The nation is being hit with unemployment. We all know someone who has been affected. What are those people doing about it? What is everyone really searching for right now?

According to Alexa.com, the leader in online traffic statistics, 2009 looks like the year of dreams and hopes. The most searched keywords were horoscopes, and the most visited sites have been related to diets.

At the time of such uncertainty, the segment of our population who are hurt the most is the small business owners. Not only are banks closing, but consumers are no longer spending. Being hit from both sides, small business owners are shutting down and adding to the problems in our service driven economy.

If you are a small business owner, there are small things that you can do. First, cut down on all the “cushion” expenses. You don’t have to close the doors, just be very conscious about your spending. Keep in mind that there are still alternatives when it comes to financing. Deal with your vendors, negotiate with the lenders, and build business credit for the brighter future.

Do whatever it takes to keep your doors open!



Sincerely,



Ilya Bodner

Related Articles
  Lost Your Job? Don’t Be Afraid To Share
  Hiring is tough!
  A Positive Mindset is Critical for the Success of Your Home Business
  No One Appreciates Me
  Work From Home Internet Business Tips For New Entrepreneurs

Home > Small-Business-Loans > Ilya Bodner > Thousands are getting fired What are people doing in tough times
Article Tags: banks, bodner, brighter future, business credit, consumers, diets, doors, dreams, driven economy, horoscopes, lenders, population, segment, small business owner, small business owners, traffic statistics, uncertainty, unemployment

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.


Click here to visit Ilya's website
Dashed Line

More from Ilya Bodner
Start Now Dont Wait
Get your finances in order for 2009
Seeing the Big Picture
Avoiding Scams when looking for business funding
Winning the Ohio Lottery or Obtaining a Business Loan What is harder


Related Forum Posts
Re: What Businesses to Bail Out? Re: What Businesses to Bail Out? - Shri, I agree. Just within my own little circle of family and friends there have been at least 4 people who have filed for bankruptsy. Who do they think gets stuck paying off their debts? Do they think they just go up in smoke never to be heard about again? I know times are tough, but people don't want and /or aren't willing to change their lifestyles to reflect the tough times. And I'm not just pointing fingers at others......I can't get my own husband to understand the depth of the problems our economy has only begun to feel. When you see ONE bank being rescued by the feds for a cool 85 billion dollars, you better believe there's a problem. We, as a nation, are not being responsible and I think our founders would flip in their graves if they knew the mess we were in.
Re: Kevin. What happened to all others moderators? Re: Kevin. What happened to all others moderators? - Thanks Kevin for your reply, I will be fulfilling my obligation of a moderator from now on. I was going through some rough times in the past months, that was why I was not consistent. Thank God the rough times is gone and i am back. Tough times never last but tough people last.
Re: Fed rate cuts . . . Re: Fed rate cuts . . . - [quote="BizLoanz4u":1hw6furk]These are truely tough lending times and i don't really think the lower rate helps the avarage person.[/quote:1hw6furk] Well..but is tough lending good or bad? Most of the problem today has been caused by lenders being too soft on their "due diligence," haven't they? I used to think that banks only lent money to people who didnt' need it. Now, thatmay come true for real!
Getting *back* to the next step Getting *back* to the next step - The last year has been tough on a lot of people, as the economy slides, investment slides, people stop spending, ya da ya da ya da. In these bad times, we have to work twice as hard just to make the same amount of money we were making last year! So how do we recover?
Too Much Too Easy Too Much Too Easy - There are many people I know that were extended far too much credit and it was very easy. That seemed especially true when people wanted to buy houses over the last 5+ years. Now we have the fallout that times are getting tough, mortgages have been radically mismanaged and a lot of people are facing possible foreclosure. I saw a higher rate of possible foreclosures on the horizon because people were way overextended - and the problems are happening all over. I've been wondering if now is the time to make some strategic purchases, but it seems that it might be better not to acquire any additional debt with the economy in the precarious situation it is right now. Hard to know for sure. Chris


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.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

E Mail Marketing Campaigns

Marketing & Sales tools – going back to basics

How Many Buckets Do You Need for Retirement?

Suggestions

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.