You’re fired! More people in the United States loss their jobs than any other month since December 1974. Also 600,000 people lost their jobs in November. More cuts are to be expected over the next year. What can you do about this? It is tough, but we just need to work harder. When things get tight like they are right now efficiency becomes more important. When everything is going good and there is more money to go around people can get lazy, businesses start spending money on things they don’t need, more waste is create. But when the tide goes back out to sea, we see who has been swimming naked. Businesses realize that need to cut back on wasteful spending, and employees need to be cut. It is sad, but it is a part of the business cycle. Really, it is a part of human psychology; we get too comfortable. Right now for example I am looking at my own business. I am finding things I don’t need any more. I am increasing my advertising and I am pounding the pavement. I am optimistic though. A lot of assets are undervalued right now. Fear is creating panic, and that drives prices even lower, to levels that are not supported by fundamental analysis. So if you’re looking to get your Minneapolis Hardwood Floors refinished, give me a call, I’ll get you a great service at a great price.



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