Thank you to all of you who called in to my teleseminar last week entitled, “Decline to Participate in the Recession!” We had a great call with a lively discussion of price erosion and how you can maintain your profit margin even while facing stiff price competition. If you missed it, or if you just want to take another listen, you can find the seminar here.
Got an idea for a future teleseminar? Let me know!
Have you seen the news? It must be KILLING the media-moguls to be reporting something positive. I’ll bet they’re getting physically ill just hearing about it themselves. Instead of seeing our first quarter of negative growth which would be sign of an impending recession, what do we see? POSITIVE GROWTH!! That’s right, the Commerce Department today (Wednesday April 30, 2008) reported that gross domestic product or GDP expanded at a 0.6 percent annual rate in the first quarter, matching the fourth quarter’s advance and handily topping a forecast for 0.2 percent growth in an advance poll of economists by Reuters. Not only that but personal consumption expenditures rose at a 2.2 percent rate after increasing 2.5 percent in the fourth quarter. This indicates that people are still buying stuff and are confident about the economy. Awe too bad predictors of doom, the economy isn’t collapsing. My plea to entrepreneurs, who literally DRIVE this economy – STOP watching the news, STOP reading the paper, STOP exposing yourself to all the negative propaganda. START educating yourself, START believing in a promising outcome, and CONTINUE taking constructive action. This will have a positive impact on your personal economy and the entire economic structure.