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Old 18th September 2008, 01:33 PM   #11
sannwood
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Stugetz,
So I see you've read, "Who Stole My Cheese?" Excellent! Chase the cheese my friend!

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Old 18th September 2008, 08:09 PM   #12
Loganet
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I was talking to a division manager of one of our divisions. He just bought a house out in the country (more peaceful) and wanted to open a branch office there there. He's in his late 50's or early 60's now and had plan on working for another ten years. Then he wanted to open up his own offices.

I was like, "wow! you must love your job and plan on working forever!"

His respone, "I don't have a choice. The stock market killed my nest egg. The values of my rental properties have dropped. I have to keep working to maintain my lifestyle"

I don't see how any of us will be able to afford to retire unless we have our own business (cashflow) coming in. And, if you don't already have a brick and mortar business, than the web is your only other option

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Old 10th October 2008, 06:31 PM   #13
Mike Saunders
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Interesting thread!
I see in my research that there's more and more people that never retire....not just because the economy is in the toilet right now...but because they develop a 2nd career in their area of expertise because it's their passion!

I think this is awesome but I'd like to add a twist....why not discover what you like now and build that side business now?! Then you add an income stream and have a side income ready for you to step into when your "day job" gets too much!!

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Old 10th December 2008, 02:49 PM   #14
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Default Focus on the Positive

I think this thread is great. It is important to get real and make the adjustments to your business to prosper during the recession. Just as in boom times you need to adapt in order to make money on the boom. However it is important to be optimistic and resourceful and adaptive rather than just let the recession run its course. There are businesses thriving despite this recession. Weather it is offering incentives or lower cost items or innovating to add value. Don't let the talk about recession make it a self fulfilling thing for your business. All the Best in Life!!

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Old 22nd December 2008, 06:03 AM   #15
Yugal Kishore
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I would like to add some more in this
Recession time investment strategies:----
1. Invest for the long-term. If you have an investment horizon of 5-10 years and are invested in the right sectors, chances are that you will gain
2. Invest money that you can afford to lose. In other words, do not put your entire life savings in the markets.
3. Study the market thoroughly before you invest
4. Avoid putting all your eggs in one basket. Hence, diversify your portfolio

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Old 14th January 2009, 02:20 AM   #16
Yugal Kishore
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If you are in stock market then you can follow these rules from preventing recession
1. Invest for the long-term. If you have an investment horizon of 5-10 years and are invested in the right sectors, chances are that you will gain
2. Invest money that you can afford to lose. In other words, do not put your entire life savings in the markets.
3. Study the market thoroughly before you invest
4. Avoid putting all your eggs in one basket. Hence, diversify your portfolio

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Old 19th January 2009, 02:40 PM   #17
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I am just hoping to get through these tough times. I think my best bet is to pray

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Old 8th June 2009, 07:40 AM   #18
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Default Recession What Recession?

I took down all my high end offerings and have no business on my site over $25. I must say I am seeing no signs of a recession. Actually I am thriving in this environment!

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Old 15th June 2009, 06:59 PM   #19
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Recession! Now, how to deal with it. Do you know who made the most money in the gold hush days of yester year? It was the people selling the picks and shovels. So how does that angle effect us in IM? Any ideas? Think! I dont't believe in the deal to sell Domains that each buyer pays you $1 a month (almost all average buyers will drop out after they realize that paying $120 a year for a domain name is crazy. I bit on that one once....... Keep on thinking and thinking, - that is always a good idea.

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