Don't Sweat the Bad News June has been kind of a rough month for the economy. Small business confidence is down, hiring is weak, lending remains stagnant, the stock market is wobbling, the debt ceiling looms, gas prices are still sky-high, and pundits are once again discussing the possibility of a double-dip recession. Ugh. But all that bad news doesn't have to mean doom and gloom for your small business. It's important to remember that the U.S. economy is incredibly large and diverse, and even as some areas and industries struggle, others rebound and expand. In fact, there are plenty of businesses growing rapidly -- planning to double sales in just three years. Meanwhile, scrappy entrepreneurs are finding ways to start new businesses with almost no capital at all (check out this amazing restaurant success story, started with just $416!). Sure, every business has to prepare for the fallout from macroeconomic events. But in most cases, the future of your small business depends primarily on you: Your drive. Your ideas. Your savvy. Your passion. So don't get discouraged. Get busy. Fredric Paul Editorial Director |
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