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Small Business Squares off with Tough Economy

Small Business Squares off with Tough Economy
Harmony Thiessen - Thu Oct 09, 2008 @ 01:22PM
Comments: 7

The news isn't good. The forecasts are dismal. And Suze Orman
says we are in the Emergency Economy Room
. In fact, she predicts that
it will take years to get our feet on safe soil. How can small business square off with the tough economic times we face?

Recent headlines tell us that 1 in 6 homeowners have lost all equity in their homes and owe more than the property is worth.

We are compelled to watch favorite news broadcasts and catch up on the latest blogs and websites.. Many small business owners are living in chaos with no credit to be had and employees to pay. Suppliers are demanding COD for inventory you must have to stay in business, and the cash isn't available.

WHAT CAN A Small Business OWNER DO?

1. Feed the creative juice: Spend at least 15 minutes a day listening to your favorite inspirational speaker, educator or personal development mentor. Don't be
the "fallout" of a bad news crazed media. Take personal responsibility for seeing
the possibilities in any situation.

2. Feed your neighbor: Become aware of those around you who are also in a
struggle. When Wall Street burps, the wealthy feel nauseous, the middle class "throw up" and the poor are choking. Everything is relative. You are not alone, and you engage a powerful source when you become a channel to help those less fortunate than yourself.

Go into a business down the street and give them your business. Tell them how
much you appreciate them in your community.

Brighen your life (and hers!)

3. Become part of the solution: Credit has become our way of life, but it wasn't always so. Turn on your ticker! Who do you know that you could joint venture with to assist you in your business bottleneck? How could you make it a win-win for them and you? What can businesses in your community do to help one another and the consumers who are also feeling the squeeze.

4. Embrace the idea of uncertainty: Uncertain outcomes can be scary and more than that, the fear of uncertainty can paralyze our present moment. We like to feel we have a say, some control, and that we can direct the future.

Truth is: We never do. We have only this moment. The future changes beyond our wildest dreams.

Uncertainly brings with it the promise of possibility. As quickly as things collapse, good ideas can begin to flow and implementation of those ideas can change or enhance desperate situations.

Uncertainty is just that...we don't know the outcome! So stop acting like you do!
You don't know what the outcome of your loss might provide. You can't predict how you would live if you didn't have a house or a mortgage. You may move next door to a human being who would change your life for the good in a remarkable way. You have no idea of what is possible.

You need to dream your own dream. Don't let the lowest common denominator of thought determine your emotional outlook.

HOW DO WE EMBRACE UNCERTAINTY?

Allow things to be. This idea that we want to fight against everything we don't like simply won't materialize the outcome you desire. Fighting is resisting, and what you resist persists.

By allowing I don't suggest passivity, but rather the understanding that life is what it is at this moment.

We are all in this together: our greed was collectiveIt's not just WALL ST. that is at fault. A great majority of us wanted to live beyond our means. WALL ST. took advantage of our ignorance and greed and capitalized on the profits. Now we are all in the same mess manifest to different degrees. What is IS. No more blaming. Instead ...ask yourself : What can I do for my own benefit and the benefit of my community at large?

Welcome the energy of fresh ideas. Talk to younger people and listen. They are stained with with a history of struggles and competition. Their ideas are simpler, cleaner, and often profound. Even young children become the voice of wisdom when our adult fears and need to control monopolize our senses.

Talk to older folks who have been there and back. Listen to the magic of how life took turns they never expected, and the outcomes were blessings they could never predict.

Make peace with letting go. Some things in our lives are going to change and we will need to adjust. But the moment change happens, the S.H.I.F.T. happens and you begin a new path towards opportunities that didn't exist in your former state.

Harmony Thiessen is a THINK TUB strategist. Using her own creative intelligence and experience, combined with the expertise of a select group of experts, she offers her clients cutting edge ideas and the strategic implementation methods to help you succeed.

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Comments: 7

Comments

1. Kelly  |  my website   |   Thu Oct 09, 2008 @ 09:09PM

Harmony,

Lots of practical ideas here! I especially appreciate "When Wall Street burps, the wealthy feel nauseous, the middle class 'throw up' and the poor are choking." It is worth remembering that not only are we not alone, but there are others who certainly feel more alone... folks who were left out of the ups but still have to tumble with the downs. Thinking about helping others does a world of good whenever I have a down moment. Thanks for this reminder!

Regards,

Kelly

2. Tom Volkar / Delightful Work  |  my website   |   Fri Oct 10, 2008 @ 07:24AM

Hi Harmony,

I love your fresh voice. The hell with the doom sayers, thank your wonderful can do spirit.

"By allowing I don't suggest passivity, but rather the understanding that life is what it is at this moment."

This is what we all need to remember to take charge of our personal prosperity.

3. Melissa Donovan  |  my website   |   Fri Oct 10, 2008 @ 03:28PM

Also, read "Who Moved My Cheese" and remember there will be a silver lining ;)

4. Linda Smith  |  my website   |   Thu Oct 16, 2008 @ 01:44PM

This was a wonderful post. Another blog I read with regularity is Duct Tape Marketing Blog and John J. pointed out that although "big" business has losses, over this early fall, "small" business overall has had gains. Perspective can be lost when all we see are doom headlines. I, for one, am keeping my "abundance" mentality and going forward. I'm firmly of the belief that there are simply too many people in this world determined to take care of their families and communties to allow "it" to all go down the proverbial drain.

5. Susan/Unique Business Opportunity  |  my website   |   Fri Oct 17, 2008 @ 06:20PM

I love your statement of "embracing the uncertainty." I think that if you have lived any time at all you have had those times when you thought the worst thing in the world was happening. Sometime later, as you look back, you can see that it was the best thing that could have happened. If we accept the notion that the present moment could be one of those times, perhaps embracing the uncertainty of the future will become a little easier.

6. Harmony Thiessen   |   Sat Oct 18, 2008 @ 02:16AM

@ Kelly - you and me both. Somehow the bigger picture offers me perspective that puts light out there somewhere. My world can get too narrow without it.

@ Tom - thanks - as you mentioned, it is our personal responsibility to take charge of our direction.

@Melissa - Now there is an older one that is relevant right now. Thanks.

@ Linda - Exactly. Small business will continue to gain if they begin to think like stars and act like leaders.

@ Susan - in fact every day is uncertain, even when we are so sure we are in charge! :-)

THANK YOU FOR YOUR VALUED COMMENTS

7. Susan  |  my website   |   Sat Nov 22, 2008 @ 01:11AM

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Susan

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