Archive for the recession

Name an industry that can produce 1 million new, high-paying jobs over the next three years. You can’t, because there isn’t one. And that’s the problem.  see more of this post by clicking on the following link

Where Have You Gone, Bell Labs? - BusinessWeek.

courtesy of

Will Corrente - “Helping People Get Where They Want To Go”

CEO Corrente consulting International Inc and Operation Entrepreneur

Specializing in small business consulting, entrepreneur coaching, and entrepreneur development. 

Entrepreneur, Consultant, Speaker and, Author

Download your free special report at http://www.operationentrepreneur.com/7secrets/

During the entire economic downturn over the past 2 years, I have maintained the mental attitude that the end was near and prosperity was just ahead.  Unfortunately, my single thoughts and those of the few like minded individuals like me is not enough to turn the tide of negativity and raise our universal expectations.  Napoleon Hill refers in his book “Think & Grow Rich”  to the mastermind principle, he discusses how the thoughts of the group influence the success and prosperity of all.  

Because of the power of universal intention and universal intelligence, when we collectively expect things will be getting better, then the power of the mastermind is tapped and dramatic changes and results will occur.

Many of you, like me are prosperity thinkers.  But unfortunately, we need the rest of society, in particular the media to start spreading the message that good times are ahead.  Good times don’t always last, but on the other hand, neither do bad times, so today I wish you to think prosperous and positive thoughts.

I have commented frequently to friends and colleagues that the recession will be over when the media starts telling us it is over.  Hopefully today’s article will begin to shed light to the millions of people out there who need to start thinking thoughts of hope, prosperity, abundance and brighter future.  Starting today, I hope they start seeing the possibility of living a POWER FULL LIFE.  The first signs of recovery are starting to show, hopefully the media will do its part and spread the word!

Bernanke: Recession Likely Over - WSJ.com.

Finally some good news for the economy, check out the article i found on CNN Money.

Record jump in existing home sales in July - Aug. 21, 2009.

Whether your goal is small business success or big business success, an economic downturn may be the perfect time to start your business.

Several well known and very successfull companies started in a recession and went on to become household names. A common thread in all of these ventures is the entrepreneur’s dream, hardwork, successful thinking, planning and good old fashioned small business management techniques.

Let’s take a look at some recessionary periods and successful companies started during those times:

Recession July 1953 to May 1954
Burger King - year started 1954 Food Service/ Fast Foods

Recession Aug 1957 to April 1958
Trader Joe’s - year started 1958 Grocery

Recession of November 1973 to March 1975
Microsoft - year started 1975 Computers/ Technology

Recession of January 1980 to July 1980
CNN - year started 1980 Media

Recession July 1981 to November 1982
MTV - year started 1981 Media
Fedex- year started 1973 Shipping/Mail Services

Recession March 2001 to November 2001
Wikipedia Web Information/Media

Some areas to consider for new businesses in a recession are fast food, energy, education, environment, healthcare.

Our government is spending billions of dollars bailing out the financial and automotive industries, I believe in the US capitalist system.

Why should we put good money after bad? Where is the accountability? Instead of bailing out all 3, pick the strongest and back that one.   The auto manufacturers have seen the writing on the wall for years regarding green technology, fuel efficiency, and quality control.   Let’s focus on our areas of strength and find alternative industries for those areas of the country which would be hit by an auto company closure.  Let’s invest in young entrepreneurs who are innovating and creating America’s future and building a better tomorrow.