These are definitely not times to start a new business in
Still I'm sorry to hear that you were in the right place at the wrong time but what can you do?
Thanks Ken. We've known each other a long time now, and I obviously respect you quite a bit, so that means a lot coming from you.just wanted to say that I admire your drive and desire to improve yourself.
I respect you a little less now I think! ha haRieferman wrote:
Mind is swirling big time lately.
That's understandable; these are not symple problems you are dealing with
One of my undergrad degrees is in economics. Our advisor used to do an exercise with us that he called "The Ripple Effect" and we would hypothesize downstream impacts of various issues. In the current climate, this exercise is really scary actually. For example, at first, new home builders were affected, but renovation companies were booming, since people opted to fix their homes instead of buy a new home. Now, loans are increasingly difficult for home owners to get, because housing market is down and equity is therefore lower, so less renovations are happening. Therefore, renovation companies are hurting. This same phenom is happening anywhere that borrowing money is in play. Example, car industry. Zoom back 10,000 feet, and it follows that more people will be out of work (and are already flooding unemployment statistics in record/near-record numbers). More people out of work means more people applying to less jobs, which in turn drives down salaries (e.g. 10 people all desperate for work apply to same job.. if 5 of 10 are close, company will not be willing to negotiate higher salary). Lower salaries means less to spend etc. etc. etc. Pretty rough cycle of events that could possibly unfold (and you see some of it unfolding already).With the economy being what it is right now
Definitely not. But not a bad time at all to gain training/education so that you're ready for future. Regardless of what career choice I make, it will be a 10 year plan basically. A plan for a second career in my 40's. By then, I'll have better financial stability from years of high earning power, and my wife will be back in the work force as kids grow into their school years. Those factors allow me to take a risk on learning a new industry (and presumably taking a pay cut while I do that learning).These are definitely not times to start a new business in



