Comments on: Small Business is the Economic Bailout

By: LindaBusiness

LindaBusiness — Thu, 16 Oct 2008 18:36:52 +0000

I couldn’t agree more! Network marketing businesses – which are usually individually owned small businesses – are not hurting. I got a new customer just today. In fact, from what I’m reading, network marketing, or other types of home-based businesses, are growing as more and more people seek to bring in extra income. And, I actually haven’t been too worried because at this time on the globe, too many people in too many industries and countries have too much invested in time, money and effort to allow any kind of horrific economic crash. Will there be changes? Yes. Will there be lost jobs? There already are. But over all, just as your post points out, the small business world – which encompasses a huge dollar factor – is a good place to be.

By: kevin

kevin — Sun, 12 Oct 2008 15:59:20 +0000

Here is Obama’s small business rescure plan… i think it’s definitly worth reading!

http://obama.3cdn.net/d14eb1b3649c4d6745_0evzmv02w.pdf

P.S.

I agree that small business is the solution to the economic crisis and sustaining our economy, but one thing to remember when quoting SBA stats… they consider small businesses to be any company with less that 500 employees.

By: Ken Burgin

Ken Burgin — Wed, 08 Oct 2008 13:21:32 +0000

Small business is certainly where the creativity is coming from these days. Recent events just show how bloated the large corporations are and surprisingly, it wasnâ€™t too many years ago that many of these same companies were small businesses, with a creative idea, themselves! Luckily,when it comes to small businesses, there will always be more of us than there are of them. Millions of small businesses = millions of new ideas!

By: Tony Eyles

Tony Eyles — Mon, 06 Oct 2008 03:18:08 +0000

Nice one John – small business is also where the spark of new business concepts often ignites. How many of us have several ventures on the boil – ventures that must do or die on their own mertits because we don’t have large funds to support them. While the big guys crumble and scramble to protect their leveraged lifestyles, it will be the little guys that see the opportunities – we are the grass roots.

By: PizzaForADream

PizzaForADream — Sun, 05 Oct 2008 14:45:32 +0000

I couldn’t agree more with your post. I know for me the thing that keeps me up at night more than anything is where to put the money I’m making for retirement, etc. At this point, I guess the only thing one can do is continue to trust in traditional investments (401k, IRA, etc) and hope that over time things work out.

By: Joe Dager

Joe Dager — Sun, 05 Oct 2008 04:42:06 +0000

i asked this question the other day on LinkedIn: What is the single thing you are going to change in your business because of the past week’s economic picture?

I received several great responses such as the ones above than I received this one: “I closed.” Pretty sobering remark to find in my in box. It brings a reminder to me that sometimes all things are not what they appear to be. Small business is tough and fortunately we are an optimistic group, the ones still talking.

I encourage us, since we are mostly marketers, in tough times to be more frugal and smarter in our efforts. Let’s show some creativity in our marketing approach.

By: Mary Cullen

Mary Cullen — Sat, 04 Oct 2008 15:20:00 +0000

Michael Long posted this comment:
Unfortunately, many small businesses exist to provide either:

1) Services or materials to large businesses.
2) Services or materials to employees of large businesses.

Think of a small company town when the company goes awayâ€¦

Michael, my experience tells me small business does not need to overly worry about a decline in big business demand. Just be sure not to have full reliance on big business as a revenue source. My company, Instructional Solutions, trains and coaches business people to write better, and we’ve been at it for ten years. In the early years, 95% of our business was from large corporations and 5% from individuals or small groups. The past few years has seen a big swell in smaller groups and individuals – they’re small businesses like mine, training to keep competitive.

Small businesses need services, and there are many, many more small business than large corporations.

I so agree with this post, and the many insightful comments. I concur that small business and entrepreneurship will be the driver of our recovery. Thanks for the grounding comments in the midst of media frenzy.

By: Andrew Finkelstein

Andrew Finkelstein — Sat, 04 Oct 2008 14:04:56 +0000

Thanks the post. This “little ray sunshine” is something that more folks need to know about. I’ll be passing it onto all my e-zine subscribers…