Little's Blog Things

Wednesday, June 04, 2008

Business in Good Times and Bad Times

Millions of people think that business is good only during those times when the economy is doing good. However, it is unthinkable that there are also businesses that thrive even during the worst of times.

In today's problematic economy, let us try to examine some situations where some businesses
are still making good.

The real estate problem has indeed affected many home owners. Foreclosures seem to be everywhere, and people are loosing their homes. Sales of homes have indeed dropped severely that real estate agents and other real estate related businesses are loosing their jobs and incomes.

On the other hand, because people are loosing their homes, apartment units have become in demand. People certainly have to find a place to stay, thus apartment businesses are thriving real good.

With the rising fuel prices, some automobile companies are loosing businesses. But some automobile companies have experienced higher sales. Fuel efficient cars have become very much in demand, while automobile companies that sell trucks and SUV's that consume too much
gas are loosing a lot of sales.

It cannot be denied that both in good times and bad times, there will always be both winners and losers. Therefore, there is wisdom in the axiom that says, do not put all your eggs in one basket. There is wisdom in diversifying your business.

While it is true that focusing on one type of business is good, you also run the risk of loosing your business during those times when your business is not in demand. So, if you plan to put up two different companies selling only SUV's, what happens in times like these today?

Therefore, if you have plans of building two or three different businesses, perhaps it would be wise to select two or three types of different business ventures. Or maybe involve yourself in selling two or three different types of products. Perhaps you may have a retail business while the other one is a business dealing on an affiliate program.

No wonder there are people who work for one company and at the same time join a home business opportunity instead of taking on a second job. Maybe they woudl be selling Max GXL on the side.

Simply put it this way, there will always be good times and bad times. And in whatever situation, some businesses will be able to thrive in it.
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Copyright by VMT Singuillo
VMT Singuillo is a freelance writer. Some of his subjects may include grandfather clocks, New King James Bible, and more. Visit his site at http://www.internetmarketingconsultant.biz/.
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When starting a business, it is wise to start small. Try to brainstorm what business you are interested in. How about medical scrubs, cuckoo clocks, blank business cards, or whatever you can think of that is very profitable.

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