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Survival Tips: Managing Your Business During A Down Market

Monday, October 6, 2008

Survival Tips: Managing Your Business During A Down Market
The stock market is down 700+, the VIX is close to 60, and I figurured that this would be a great time to reprint an article from a blog that I read every day, The Mortgage Cicerone. The article refers to belt tightening practices and the ways of running your business, particularly in bad times.

I came up out of my bomb shelter to write it.

The information, if you are not already thinking in this direction, is some good food for thought, and a lot of it can be applied to many industries, not just mortgage.

To read the article, please visit The Commercial Mortgage and Political Hotline at http://commercialmortgagehotline.blogspot.com

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Posted by Michael Haltman on 10/06/2008 02:09 PM

Comments (5)

Survival Guide in the ActiveRain Channel

commercial mortgage, commercial real estate, real estate, stock market, survival, vix

This post has been included in New York Information
Post is included in group: Almost Anything Goes
Post is included in group: Mortgage Marketing Tips and Strategies
Post is included in group: Out Of The Box!
Post is included in group: POSITIVE ATTITUDE for the Weary Soul
Post is included in group: Realtors®

5 Comments on Survival Tips: Managing Your Business During A Down Market

OCT

2008

Nice article. In this economic downturn, one has to do more and go into areas that are not in ones's comfort level. Try to find other income streams and opportunities, besides tightening one's belt.

That is a great article and particularly important for business owners in these times!

In the book, Shift, they talk about just this- getting rid of the things that don't work and allocating money to things that do. In order to make money in these slower times, you need to spend a lot less and spend the money you do have very wisely!

Thanks for sharing, Nicole Weidauer

The Egerer & Weidauer Team, Keller Williams Realty North Seattle

Good stuff, Michael. Thanks for sharing it.

NICE article and this is impotant for our business, we need to keep each other up and not over the edge. thanks patt Judd ,Cookeville TN. FIRST REALTY COMPANY 931 260 6133

Gotta try and stay positive and focused.

Mike

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