InvestYoung

Recession Still Here!

Do you thing we’re in a typical recession? If you answered yes, you would be wrong. According to data there is nothing typical about what going on. The world markets are very showing volatility never seen before. In a typical recession, stocks will go up about six months before the economy. But it looks like the economy might need to recover first. Every time a few bad reports come out the markets drop like a bad habit, then go back up the next day. We need good results from the economy to turn the markets around. We need good reports from just about every industry out there. Right now the Insurance Industry is getting hit pretty hard. People are losing their jobs, which means there losing their health care, life insurance and even car insurance. These are only a few insurance products I have listed; there are a lot more out there. Sooner or later people will start to seek out a new life insurance rates, healthcare and auto insurance, but only when they find work. So let’s hope for some go reports on the economy this week.

Business Marketing!

Are you still marketing your small business during these hard times? If you are you have made the right choice, if your not marketing your loosing. All small businesses need to be doing as much marketing as you can right now. Consumers are being very wise with their money more than ever before. Their looking for the best products at the best possible price. And if your not getting your name out their your going to fail.

Now I do have a few ideas to help, and there very cheap. One is take a look at Business Card Designs, they have some useful information on business cards, as well as a few other things. Business cards are very important, people will always ask for your business card. Plus you can just leave one laying around at places you visit. Another idea would be networking with others. If your not out meeting other business owners you need to get involved with a network group as soon as you can. And last, come up with a good marketing strategy, and stick to it. Marketing will get your business through these hard times, not skipping on it. So get involved, get some great business cards and start marketing today.

Kosar Files Bankruptcy!

Today ex-NFL superstar Bernie Kosar filed for bankruptcy. In the filing he has stated that he’s $19.5 million in debt. He has a list of people he owes money to, including his ex NFL team, the Brown and ex-wife. From what I read he even lost a restaurant he owned in Miami. Times are hard for a lot of people, even past superstars. Lately nothing seems to surprise me, I just wonder whose next to file. Hopefully other superstars playing right now will look at Kosar and think about managing their money better. Because once your out of the league you better have saved, or you will sink with the best of them.

Eddie Bauer Fails!

Today was Eddie Bauer Holdings Inc. turn to file for Chapter 11 bankruptcy protection. They have been in trouble since the recession has started, the same goes for other mall stores. The fact is, people are not going to the malls anymore. People are only buying things they need, and Eddie Bauer is not needed. There is however good news with this bankruptcy, they already have a bid on the company. The bid amount is around $202 millions for their assets. And there’s a chance the new owners will leave all the stores open, which means job loss will be low. Hopefully things will turn around soon, or we’re going to see more closings with in the malls.