Economy

Business leaders are the reason why businesses fail. Here is my example.

But, the question you might ask is, “Why?”

I’m glad you asked.

I meet with business leaders on a regular basis that have been very successful in the past, but with the down turn in the economy, their businesses are really struggling. Sales are down. Revenues are down. Profits are down. Productivity is down.

I am amazed at how many businesses are really having a hard time right now. Especially when my business is up. Business is so great that we just brought on a new employee and are looking for another.

So, how does a business leader ensure the success of the business in any market… whether the market is up or down? continue reading...

View the full .DJIA chart at Wikinvest

People complain about the economy. People say that, “because of the economy businesses will fail.”

The evidence used to back this up are the high numbers of layoffs that companies make or lower of stock prices. In some cases, hundreds of people are laid off at a time. In some cases thousands at a time. Sometimes stocks plummet.

I argue that the economy isn’t the problem.

I argue that the real problem is business decisions. Business leaders make poor business decisions because they don’t understand their customers, don’t understand their vendors or just plain don’t understand their own business.

Let me give you an example that supports this. continue reading...

Congress told us that if they didn’t do something to buy up the bad debt that Wall Street has taken on, that the markets will fail. It was a bailout that the politicians tried to frame now as a “rescue package.” No matter what you call it, it includes the spending of money that the government (you know, the government that is great about spending our hard earned money) doesn’t have.   

View the full .DJIA chart at Wikinvest

The bill passed just over 1 week ago and since then, the Dow Jones Industrial Average has dropped 2,000 points. That is not far from 20%.

Now, the same politicians that promised a failure if they didn’t do anything are saying that the market will take time to adjust.

Duh… it would have taken time to adjust if they didn’t do anything.

Every where you turn you will hear people talking about how bad everything is. People just can’t cope because, after all, the world is in a credit freeze (yet I received 5 pre-approved credit offers this week.) Energy is a problem because the cost of oil is so high (yet, prices there have dropped as well… wonder if we’ll ever really see that reflected at the pump.)

We have people defaulting on their mortgage (most likely because they should never have qualified in the first place.) We have home values dropping (I know, I have two homes). We have retirement plans going away (I know, mine lost 16%… but it is a long term investment, so… so what?). continue reading...

I know that it is rough out there for a lot of people. I am fortunate to be in a profession that is growing very fast. Our business is increasing and I am happy to say that we are able to employ more people… it only seems to be growing for the foreseeable future… unless congress does something stupid (which is bound to happen in one form or another).

To be honest, I am not really concerned about the economy. I, like many entrepreneurs, make my own rain and I want to bring as many people along for the ride.

I received an email today on barstool economics. This is attributed to David R. Kamerschen, Ph.D. Profession of Economics at University of Georgia. I have seen in in various formats around the web, so I don’t know if the author is attributed properly, but I like it. It is the primary reason why I want to bring a lot of people to wealth with me… so I don’t have to pay all the taxes. continue reading...