Its been a couple of weeks since I last posted...sorry too busy to get at this each day...but that's a good thing I think. There has been a lot happening in the economy...the Bank of Canada lowered the Central Bank interest rate to .25% and announced it would stay there till next year. Now that is a significant event since it guarantees low interest rates for the next while. As credit becomes looser it will mean that more people and businesses will be able to invest and not have the interest costs be a millstone on their operating costs. It also will mean people will seek other ways to get a return on their capital, than just parking their money for very low interest returns. This should lead to more entrepreneurial investment as well.
We have seen a few weeks of relatively stable stock markets...the swings of earlier this year are leveling out and that is also a good thing. Confidence is fed by a feeling of certainty and stable markets will help.
Individuals and companies are continuing to be creative about how they are dealing with the impacts of the economy. For a short listing of how some have responded check out this blog posting at a complimentary blog to this one:
http://communitymarketing.typepad.com/my_weblog/2009/04/how-25-professionals-create-success-in-a-recession.html#more This list highlights 25 respondents to the question: How 25 LinkedIn Professionals Are Creating Success In A Recession? There were many more responses, but these 25 are interesting to consider.
How are you responding? What actions are you finding the most critical and effective in attempting to build your business? Share your successes so others can be inspired to grow with you.
Lee K
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