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Is your small business doomed before it has a chance because of the declining economy?

Posted on 22 August 2008 by Stefanie

Is your small business doomed before it has a chance because of the declining economy?

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In the U.S. in July, employers cut 250,000 jobs and retailers saw a decline in sales for the eleventh straight month.    Wall Street is withering in the economic drought, and optimism for recovery anytime soon is low.  If you’re thinking about starting a small business right now, you might be thinking twice.  If you’ve already started your business, you might be listening to all the bleak predictions on the business news and wondering if you’re doomed before you even get started.

Does your business stand a chance?   If you are an “Abundance Thinker,” instead of a  ”Lack Thinker, ” set aside your worries.  If your small business was born of your desire to help people and make a difference, your success isn’t dependent on a good economy or beating the competition.  The richest businesses are ones that prosper by helping others prosper.  Check your attitude and make sure you’re an Abundance Thinker:

  • Are you able to share responsibilities? Or do you have the mindset that “if you want something done right, you have to do it yourself?
  • Are you willing to take the time to get to know people, or do you wait to approach them until you want something?
  • Have you taken the time to really get to know your target client? Who are they? What do they like to do? What businesses also serve them?
  • Have you taken a second look at your competition? Is there a way you could work them in a way that would benefit both of them and your clients?

Anne Frank wrote, “How wonderful it is that nobody need wait a single moment before starting to improve the world.”  If you opened or are opening your business with “Company Soul” — the desire to serve versus sell, you don’t have to worry about the economy.  The tougher things are out there, the more your clients will appreciate your genuine concern over their well-being and success.

2013 © Stefanie Hartman Enterprises Inc. You may republish this article, if you keep the article intact as is and credit the authors name and website: “Stefanie Hartman” and website: www.stefaniehartman.com. Thank you.

Is your small business doomed before it has a chance because of the declining economy?

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Is your small business doomed before it has a chance because of the declining economy?

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