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The current economic climate has left many individuals unemployed. The Street reports that many of these unemployed workers are becoming entrepreneurs, particularly through franchising."The recent economic conditions have been a game changer, redefining the term 'job security,'" says Brian Miller, president and COO of The Entrepreneur's Source, a franchise consulting firm.
"One of the things I often tell people is 'Think about what's happening in society and you will see emerging business models that follow suit,'" Miller says.
Read the full article here and learn about five industries with significant growth potential.
Check out the profile of Guidant Financial on the inc500 list.
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economy
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The Labor Department reported Friday an increase of jobs on payroll and a dip in unemployment for the month of October."Companies added 80,000 jobs in October," CNNMoney reports, ". . . American employers reported slower hiring in September -- but other signs, including a lower unemployment rate, are showing the job market may actually be stronger than previously thought."
Read the full article here.
Although by many, the numbers were not seen as much of an improvement. The Street states that the report disappointed forecasters "who expected 95,000 to be added." The jobs added were also "not significant given that many adults remain on the sidelines, too discouraged to look for work."
Read the full article here.
Check out the profile of Guidant Financial on the inc500 list.
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The Obama administration announced Thursday that unemployment rates could continue to hover around a disappointing 9%. President Obama is scheduled for a joint meeting of Congress next Thursday to outline economic growth proposals. The Wall Street Journal quotes the proposals including "a mix of tax cuts to create jobs and provide economic security to the middle class, [and] innovative infrastructure ideas to put people back to work," as well as measures aimed at the long-term unemployed." Read the full article here.
To view the unemployment rates of your state, as reported by CNNMoney click here.
Reaction to this announcement added to already unsteady feelings in the stock market. Both the report and the reaction intensified concerns that the economy is headed for a steeper downturn.
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economy
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stock market
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tax cuts
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Unemployed
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unemployment
With the announcement today that unemployment fell to 9.1 percent in July, fears may be lessening about the state of the national recovery.
Though experts agree that it will most likely get worse before it gets better, one theory indicates that small business could inject a much-needed boost that will help turn things around.
In a report by ABC News, Brian Miller of The Entrepreneur's Source commented, "The primary engine for job growth in the U.S. is the creation of small business." He believes freeing up more liquidity and capital for people to start businesses will stimulate growth.
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economy
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Recession
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Small Business
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Leading provider of self-directed IRA and small business financing services, Guidant Financial Group , has reportedly (official number coming soon!) seen a 23% increase in revenues in 2008 over 2007. That is really exciting!Wait...Wasn’t 2008 a horrible year for American small businesses?
Sort of.
It is true that for many Americans, 2008 is a year they would rather forget. Some of the challenges that the country faced include:
· Record foreclosures
· A protracted and often controversial Presidential Election
· The continuing wars in Iraq and Afghanistan
· The beginning of a global recession
· Skyrocketing fuel prices
· Unemployment rates nearly doubling
· The credit crisis
· Record foreclosures
· A protracted and often controversial Presidential Election
· The continuing wars in Iraq and Afghanistan
· The beginning of a global recession
· Skyrocketing fuel prices
· Unemployment rates nearly doubling
· The credit crisis
Guidant’s co-founder, David Nilssen, has been quoted as saying, “Guidant’s business is in some ways, recession resistant. When the economy is doing well, people love to invest. In tough times—times like we are experiencing today—smart investors see opportunity.”
We know real estate prices are depressed and fewer small businesses are being opened. The dearth of willing and able investors has created an imbalance, giving a strong advantage to buyers—it is a “buyers market.” Two years ago, negotiating down real estate prices was unheard of. Today? It’s a very different story.
Do you think there is opportunity to profit in this market?
We know real estate prices are depressed and fewer small businesses are being opened. The dearth of willing and able investors has created an imbalance, giving a strong advantage to buyers—it is a “buyers market.” Two years ago, negotiating down real estate prices was unheard of. Today? It’s a very different story.
Do you think there is opportunity to profit in this market?
Leave your comments...
Labels:
economy
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foreclosures
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Guidant Financial Group
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Small Business Financing
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stock market
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unemployment
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