Thousands are getting fired; What are people doing in tough times?

The nation is being hit with unemployment.  We all know someone who has been affected.  What are those people doing about it?  What is everyone really searching for right now?

According to Alexa.com, the leader in online traffic statistics, 2009 looks like the year of dreams and hopes.  The most searched keywords were horoscopes, and the most visited sites have been related to diets.

http://shine.yahoo.com/page/2009-chinese-horoscope/ has been the hottest search so far.  Is a link between the financially strapped and horoscopes?

At the time of such uncertainty, the segment of our population who are hurt the most is the small business owners.  Not only are banks closing, but consumers are no longer spending.  Being hit from both sides, small business owners are shutting down and adding to the problems in our service driven economy.

If you are a small business owner, there are small things that you can do.  First, cut down on all the “cushion” expenses.  You don’t have to close the doors, just be very conscious about your spending.  Keep in mind that there are still alternatives when it comes to financing.  Deal with your vendors, negotiate with the lenders, and build business credit for the brighter future.

Do whatever it takes to keep your doors open!

Sincerely,

Ilya Bodner

Small Business Owner

Initial Underwriting Group