A Deep Recession in a Global Economy
October 23, 2008
Fear and emotion are the rule every day in the global financial markets. We have seen shock and awe financial bailout plans, the overnight consolidation of many troubled financial services giants, and a liquidity crisis that impacts markets across the globe.
In Germany, the collapse of the rescue plan for Hypo Real Estate may mean a disaster in that country similar to the recent bankruptcy of Lehman Brothers in the United States. Also, consider that in the Netherlands, Ireland, and Greece, bank rescue has become the order of the day while Iceland is in the middle of an economic meltdown.
Recently, South Korea urged banks to sell foreign assets to raise dollars and promised to use its currency reserves to shield lenders from the financial crisis engulfing the United States and Europe. Meanwhile, National Australia Bank continues to lose value due to worldwide concern about the resilience of the financial system and China’s economy will not escape an economic slowdown if its exports are hit by this widening world recession.
The United Kingdom has just announced the details of a £50bn rescue package for its banking system. The bailout includes a proposal to use taxpayers’ money to invest in banks. This plan was two weeks behind the bailout plan in the United States and financial stocks in the United Kingdom crashed due to the plans delay. Read more
Make Enjoy for Marketing
July 30, 2008
I have found that marketing is the #1 challenge for most physical therapy clinic owners. In just a few short months I received hundreds of questions about marketing from clinic owners. This tells me it is a challenge for many of you.
Did you know that one of the most common reasons physical therapy practices don’t have business coming through their doors is simply because people don’t know about them?
I’d like to tell you about four key changes you can make to your marketing approach which will make marketing fun while boosting your business significantly. Read on.
The Four Changes That Will Turn Around Your Marketing Success
1. The first change is a mindset shift.
I’d like you to change how you think about marketing and start using this phrase:
“I will do what it takes to find the easiest and most effective way to reach and serve prospective new clients”. As a physical therapy clinic owner the chances are you feel overwhelmed when it comes to marketing. While you are an expert in your field, consistently getting new clients is probably not one of your strengths. You need to stop hoping, hoping that clients will just magically appear. You need to stop wishing that someone will come along and just do it for you. You simply must do it yourself. No one else will do it if you don’t. You are the owner of this valuable asset; you have invested your precious money, energy and time in it. Marketing is the fundamental way to reach new clients and grow your practice. Think about marketing differently and you’ll find you enjoy it! Read more
Making Money in the Stock Market
July 11, 2008
You are a veteran at trading stocks and you’ve been doing it for awhile. With your current expertise, you want to progress even further and start playing with the big boys in the market. It’s time to learn about advanced stock market strategies to bring your skills to the next level. You want a whole new world of trading experiences and we’re going to discuss them below.
Advanced traders use sophisticated trading strategies to achieve their financial goals. Techniques such as considering IPOs, selling short and margin trading are employed by the big boys to explore a different dimension of potential profits.
1. Considering IPOs
Referred to as IPOs, the letters represent the words initial public offerings. IPOs mark the formal transition of a specific company from a privately owned firm to a publicly held firm. Every incorporated business issues its own stock. The original stock in an incorporated business is initially offered to a few stockholders. A company can sell stock to the public to raise capital without getting into debt. Read more
Fundamental Reason Not to Worry About A Weak Economy
July 8, 2008
From all corners of the country; from all media sources, colleagues, and friends, Americans have been hearing concern and pessimism about one fundamental issue; our economy. From the media, we hear stories of the poor suffering more than they ever have, rumors that we are in a recession, and suggestions that we should halt all of our spending. From colleagues, we hear of poor outlooks for the next quarter, of lesser earnings, and of a dismal future. From our friends, we hear complaints of high gas prices, decreased purchasing power, and less overall enjoyment of life. With all of these concerns echoing around, it is hard for the typical American to have hope for his country’s financial and economic future—many simply listen to the advice of media, colleagues, and friends, and lose any ambition for breaking the status quo. However, Americans need to be reminded and informed—in times of recession, there are always opportunities to prosper.
In times of recession and economic slowdown, there are areas of the economy that almost never fail. For instance, no matter how much money the typical American has left to spend after paying all of the monthly bills—food is always a necessity. Even though an American may have no money to spare—toilet paper will always be necessary. The list goes on for thousands of items and hundreds of different sectors—some items are always a necessity over others, and those are the items that are virtually “recession-proof.” Similarly, the Business World also needs thousands of items, no matter how hard a recession hits. No matter how much money a trucking company nets, it will always need fuel for its trucks. Similarly, no matter how stagnant an office’s business is, it will always need computers, fax machines, printers, and other office machines to organize operations and consumers. No matter how much profit a bar is making, it will always need new LCD or plasma televisions to show the new games. As with the consumer industry, the list of necessary items is almost endless. One sector, however, always needed by both the consumer and business world, is technology. Read more
