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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?

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

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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



Related Forum Posts
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? - 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 . . . - [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 - 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 - 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


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