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That bad economy


By jeglasgow - Posted on 05 August 2008

Truth is there is opportunity everywhere and in all economic conditions. There are 300 million people in the USA all needing food, and shelter, and recreation everyday. That's opportunity. I just came back from Las Vegas and I can attest that the money is still flowing. You just have to figure out how to get it flowing from their pocket to your pocket. That won't happen until you do something, so do something. Participating on this web site is a great starting place.

Yes it is bad out there for some folks, but good for others. My business is up 40% in sales this year so far and I expect to end this year up 33%. All in all I expect to have a spectacular year and a better one next year. What with a change in the rulers in Washington fixing to come about, everyone will start the year with great optimism.

My sales are up because we anticipated a shift was coming in the fundamentals of the economy eighteen months ago. It was not hard to figure out. Gas prices have been increasing for three years, housing prices were at record highs, basic goods like steel, and aluminum, are at record high prices and money and credit seemed to be everywhere. Then last January, the banks started tightening lending requirements on commercial loans, credit card interest rates sky-rocketed even to very good customers.

There where other signs that there was a problem in banking, but technical stuff is boring. Lets just say there was a shift in the way we all were doing business a coming. It is still in progress now. You will see it at the election box, you see it with the for sale signs accumulating in your neighbor hood. People are taking day vacations, shopping closer to home, looking for jobs based on mileage, repairing the home-stead instead of moving, and so on.

Last spring (2007) I simply said to myself how can I position my company to take advantage of the changes that are a coming. We sell home improvements (homeimprovementkits.com) and game room stuff, (patiostore.com) and patio furniture, all good for staying at home rather then vacationing away or good for fixing up the home instead of buying a new home. I simply hired more people and updated and expanded our relevant web sites in anticipation of the changes that where coming.

In January the news of the banking mess hit the news, then gas prices jumped and the rest is history in the making. Over the next two years people will be constricting and adjusting and I want them to adjust a little bit my way, thats all, just a little.

Tomorrow I will write about real estate and my next springs to do list.

You know! buy low, sell high, thats coming next.



 

 

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