Skip to comments.Entrepreneurs Can Lead Us Out of the Crisis
Posted on 02/24/2009 9:45:37 AM PST by giant sable
The passage of the $787 billion stimulus bill has so far failed to stimulate anything but greater market pessimism. This suggests to us that the strategy behind the American Reinvestment and Recovery Act is wrong -- and worse, that the weapons it is using to fight the recession are obsolete.
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I have been racking my brain at business opportunities as a result of the current economic situation and subsequent stimulus. I am an educated guy in his early 30’s with a great job and a decent amount of disposable income. My wife is also a young professional and we are DINKs but hope to change that later this year. I’m okay with hard work and would love nothing better than to own my own business.
Suggestions and recommendations are welcome.
...if Obama lets them.
What are your skills in?
Depending on what your skills are, you may find some enormous opportunities in foreclosed properties . . . either to buy them and own them as rental properties, or buy them and redevelop them for another type of use (I think this is going to become very common in retail stores).
13+ Years in IT, Infrastructure, Enterprise Architecture, Project Management, Large Capital/Global Projects etc. but I would be happy to leave the field to manage real-estate. I’m very much so a do-it yourselfer and remodeled my entire home. In other words, I can work at either end of the spectrum from executive proposals and deal making to fixing a busted toilet. I just want something I can call my own.
So, let me get this straight — you’re a young guy with a good job in a bad economy who expects a kid next year, and want to roll the dice with a start-up business?
My advice: Keep working for someone else.
Republicans should stress that it is our industrial capacity and associated jobs that must be bailed out before recovery can commence. Obama is no different that Bush-Clinton-Bush in thinking trade and money stimulus is the answer when private job stimulus is the answer.
Making instead of buying is the solution for families as it is for Government.
Economics / Global Economy
Feb 23, 2009 - 06:04 PM
Dr. Abbas Bakhtiar writes: It is said that today is pregnant with tomorrow. What and how we have done things in the past has shaped out today and what and how we do things today determine the shape of our future. To see into the future of our economies, with some small degree of certainty, we have to pay attention to what is happening around us and what we do.
But to get an idea of how the future will be, one has to have a real picture of the present. This is important since a false picture will present us with false alternatives, on which we act which in turn will result in unexpected outcomes (i.e., future that we are not prepared for).
It is not always easy to see through all the false pictures and data that we are constantly presented with. For example, in Norway on February 18 th , the real-estate association came out with the statement that the housing crisis was almost over and the bottom was reached. This was plastered all over the place. Next day on February 19 th , the Norwegian Centre for Statistics came out with its own forecast; stating that house prices will continue to fall for the next year and that situation will deteriorate further.
It was clear to some of us that the real-estate association was putting out false information to drum-up business for its members. But if banks, industrialists, and even politicians also send out false and misleading information, then the average person will make decisions that may be contrary to his or her best interests.
Most of us do not have the time, energy, or even the necessary knowledge to gather and sift through large amount of data. We rely on news media, and the experts to make most of our decisions. Until last year, very few people were talking about the tremendous crisis that was well under way; even though as early as 2006, there were clear signs that the economy was under tremendous pressure.
In this article I will try to provide you with a picture of the present situation and then try to extrapolate based on the current policies adopted by various governments, what the near future will look like.
The current economic situation
Let me tell you in no uncertain terms that we are facing a synchronised global economic depression and I am not the only one that is saying this. In early February, the International Monetary Fund's chief Dominique Strauss-Kahn said the world's advanced economies -- the U.S., Western Europe and Japan -- are "already in depression. Gordon Brown, the UK's Prime Minister also used the word "depression" to describe the global economy, although his aides quickly said it was a slip of the tongue.
“Entrepreneurs Can Lead Us Out of the Crisis”
Those “Dagny’s” are what keeps gov’t running at all. Stop the engine.
My wife and I are both professionals and have been conservative in our finances, i.e. we aren’t in a bunch of debt. A child isn’t going to dent our finances. Besides, risk takers build this country and they had offspring along the way. I don’t see how this is relevant to the current discussion.
I would encourage a cash business that does not require a license.
I have a buddy that runs 5 crews of “mobile wash” guys. Basically picups with power washers and a crew of Mexicans.
All cash to employees.
All cash payments.
Oddly enough, he’s never made a profit (on paper).
Nonsense! Just the opposite.
NOTHING significantly good can ever happen in your life until you're self-employed. Don't forget it.
Great opportunities out there right now.
For example, a fourteen day survival pack for 2 people can be sold on Ebay...containing, tent, plastic sheeting, waterproof matches, batteries, dried snacks/food/ flashlight, flares, etc..
Also, training center for weapons and survival during a national emergency, etc..
There are virtually thousands of scenarios that I could give you.....
Your whole broad brush statement is just nuts....: )
DCPatriot is correct.
You must have never read Rich Dad Poor Dad.
I don’t want to be a slave to a company for the rest of my life. I want to use my brain to make myself wealthy not someone else.
It’s relevant in this way:
A)Most small start-ups fail. In fact, the percentage is huge. During difficult economic times, that percentage increases significantly.
B)Among the people I know currently involved in start-ups, the vast majority have a pre-existing passion for the industry they’re about to enter as well as pre-existing skill set that makes them well-suited for it. A reputation and contacts within those industries also helps.
What you seem to bring to the table is a willingness to work hard, an education and a sense of optimism. Congratulations, you’ve just defined yourself as competing against 10 million young men in Mumbai and another 20 million in China.
What I tell my kids is to start working for yourself when you reach 40. But that means start preparing for that the day you graduate from college. Your whole career working for someone else should be about networking, learning, making clients that will be there from Day One that you do go independent. It won’t happen overnight, it will take years of preparation while you are working for someone else.
Amen, FRiend! AMEN!