In today’s New York Times, I found a teeny tiny piece of positive business news. The article, entitled “Data Hints at Slowing of Economic Decline,” claims that several key minor indexes are pointing in the direction of a more positive first quarter of 2009.
Since this is one of the first positive articles I’ve seen a major news outlet run, I wanted to make sure to distribute it far and wide post haste. Here’s a link:
http://www.nytimes.com/2009/02/17/business/economy/17econ.html?_r=2&ref=business
Want your business to start looking up? Call POSITUS!
What does this information likely mean for small business owners? Nothing, for now. However, a rise in overseas shipping rates and positive manufacturing outlooks will likely impact small business owners sometime this year. Are you ready for a growth spurt? As a small business owner, do you know how to evaluate business alternatives as they are presented to you and choose the best ones for your business? Do you know which key partnerships and relationships you should be fostering right now to be on the front end of an economic recovery?
If you’ve been holding off on making concrete plans for your business or potential business because of fear, don’t wait until the train has left the station. Businesses that start preparing for recovery now are the ones that will see the greatest return on their investment in that preparation. If you don’t know the answers to some, or even any, of the key questions I’ve posed above, call POSITUS. We thrive on helping small business owners succeed.
The Contraian view of economics is that when everybody thinks there’s nowhere to go but up, you’ve run out of buyers and you’re about to go down. Of course the opposite holds true, when everybody thinks it’s terrible, you’ve run out of sellers.
I think we’re bottoming out. I agree with you Andra, if you’re a small business waiting for confirmation before you start thinking of growth again, you’re missing a chance.
Downturns are both challenges and opportunities.
Apple is thinking growth: http://www.gurufocus.com/news.php?id=46389
Intel is thinking growth:
http://news.cnet.com/8301-13578_3-10160368-38.html
Here’s an interesting article about innovating during a recession:
http://www.businessweek.com/innovate/NussbaumOnDesign/archives/2008/01/how_to_innovate.html