Why Financial Crisis is a Good Thing Or How to Thrive in the Gloom and Doom
photo credit: Arturo de Albornoz
October 7th, 2008 Dow Jones took a dive by a whopping 508 points. Over the past three months global markets were hit by an $8.1 trillion loss in value. Banks fail one after another, panic in the Wall Street… That’s what already came to be known as the biggest economy meltdown since the Great Depression.
The helter-skelter of the stock-exchange swiftly resonates everywhere. With media fuelling the buzz you need to have a steel nerve or live deep in the forest not to be concerned with the crisis thing. The home-grown economic prophets loudly predict ‘the end of the world as we know it’.
The last thing you’d want to do in times like that is start a business, right? – Not quite.
Great Depression Creates Great Opportunities
History knows a lot of cases when economic meltdowns created opportunities for new ventures and bold startups as well as remarkably profitable marketing investments. The Great Depression turned out the golden ticket for hundreds of businesses. Read more
Opportunities Within The Economic Crisis
photo credit: World Economic Forum
We’re living in a time of economic crisis–a time when the economic system, the money system itself, the markets are unraveling in a way that I haven’t seen in my lifetime and most people haven’t seen in their lifetimes. And this is a very frightening time for people. At the same time, if we can recognize that what is unraveling is that which has no viability. What is unraveling is that which is not sustainable. Practices, ways of being with money, markets that are not based in true value are starting to fall apart.
If we can see that what’s happening is a truing, a recalibration, and an expression of us being in overshoot, it helps us see how to deal with it on a personal basis. It doesn’t mean it’s not going to painful. It doesn’t mean that there’s not suffering. It doesn’t mean that we shouldn’t be paying close attention to how we use money, what to do with the investments we have, and being mindful of the job we have and the salary we earn. These considerations seem larger than life under the current circumstances. Read more
Start Your Own Landscaping Business – How to Get Started and Succeed
photo credit: Svadilfari
Starting your own landscaping business is a great way to earn money. But before you pull the trigger, there are some important things you should consider.
Obviously, you should already have some experience before starting a business in this field. This sort of activity involves your own creative ideas on what lawns should look like. Additionally, you should have some knowledge about gardening. If you don’t, you might consider working for some entrepreneur and gain some experience and ideas first, not just about landscaping and gardening, but also about running a company.
Once you start your enterprise, you will need to start finding new clients right away. Read more
Private vs Professional Investors
photo credit: king_david_uk
Proponents of pooled funds argue that there is a great uncertainty on the stock market, and that it is dangerous for the private investor to play there, as they get prone to high losses and costs. Although there is a grain of truth in this, the argument for holding an investment in a unit trust or investment trust is just as good as that for holding equities. In the long term, returns from holding equities have outstripped returns from safer investments such as corporate bonds, gilts and deposits. In spite of these gains, the fact still remains that professional investors have some advantages over private investors. The advantages enjoyed by professionals span three main areas, namely:
(i) information gap
(ii) economies of scale and
(iii) expertise, and these shall be considered in turn.
Professional investors, fund managers to be specific, have become increasingly powerful as the Read more
Credit Crunch – Not a Credit Freeze
photo credit: the_toe_stubber
First of all, it’s a credit crunch not a credit freeze!
Sure, banks are more cautious about their lending, but when were they not? The reality is that the majority of banks are lending, and to remain profitable they will continue to lend to small business owners. Those that understand the situation are acting now!
“Buy low, sell high”
With the current economic low, it is the best time to get financing at a low rate, with lower-than-ever requirements. Big banks like Citi and HSBC are making their decisions based on business credit scores, not personal fico’s.
Personal guarantee is a promise made by an entrepreneur to personally repay company debts if the business defaults. It is a way for banks to protect themselves, while reflecting the seriousness of the business owner to repay debts. Without a personal guarantee, they are thought to not believe in their business and are high risk. Small business owners don’t want to provide a personal guarantee if possible. Even if they are diligent about repaying debts, some unforeseen catastrophe may happen preventing a loan payment. Then the bank seizes personal assets. Read more
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