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en·tre·pre·neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
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Old 07-25-2008, 12:11 AM   #1 (permalink)
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the great recession

Despite the bad economy that we are in. Would it still be a good time to start a business. I mean service businesses do good during a recession. Like cleaning or recycling. But do businesses that involve selling a product to good. Like sellin on ebay or making a something and selling it. Or do they flop during a recession, because no one is spending as much.
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Old 07-25-2008, 12:22 AM   #2 (permalink)
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If you selling, sell something that is a commodity/necessity. Why? because people will still need to buy certain things, if you can offer a lower price they will buy it from you, especially when money is tight.
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Old 07-25-2008, 02:20 AM   #3 (permalink)
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yes of course, as long as there is a demand in the market, there's still a business..
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Old 07-25-2008, 05:38 AM   #4 (permalink)
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A well run business will thrive during any economic slow down. What is the "Great Recession"? The economy is not that bad... and I've never heard anyone call this the "Great Recession" we are currently in a normal economic cycle... not anywhere near a "Great Recession"....
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Old 07-25-2008, 12:04 PM   #5 (permalink)
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Idk dude. I couldnt come up with a title name so I went with the great recession lol. I agree its not quite the great recession. But try telling that to the media. They think its the end of the world.
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Old 07-25-2008, 12:10 PM   #6 (permalink)
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Lets call it "The Media's Over Exaggerated Recession"
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Old 07-25-2008, 12:21 PM   #7 (permalink)
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lol that sounds better. I cant even watch CNN anymore because they freak so much. You can see the relief in the media. When the oil prices go down for a couple of days. They can breath better. I give up I used to be a news junkie lol.
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Old 07-25-2008, 12:24 PM   #8 (permalink)
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any high end items and services are recession proof
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Old 07-25-2008, 01:38 PM   #9 (permalink)
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any high end items and services are recession proof
Wow, I guess I do learn something new everyday! You should get in touch with the RV industry and explain this hypothesis of yours.
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Old 07-25-2008, 01:52 PM   #10 (permalink)
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Yeah lol. People got the money to buy an RV right now lol.
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Old 07-25-2008, 07:38 PM   #11 (permalink)
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lol that sounds better. I cant even watch CNN anymore because they freak so much. You can see the relief in the media. When the oil prices go down for a couple of days. They can breath better. I give up I used to be a news junkie lol.
Journalism is a dying profession. It's like a blacksmith in 1915 claiming that the world is ending because of the Model T. Well, maybe for HIM it is, because the Model T just made his job obsolete. Well, the blogosphere is like a Model T, and the professional journalists are very very well paid-maybe even overpaid-blacksmiths and buggy makers. One thing they're not is stupid, they can see the writing on the wall. They know that the days of the $20 million a year news anchor are vanishing forever.

They don't want to retrain, so they're desperately trying to prove that they're still worthy. It's similar to the wealthy buggy maker sponsoring the mayoral candidate who promises to outlaw cars. If they can convince people that the world is ending because of all the newfangled Tin Lizzies running around, they stand a better chance of saving their jobs. Ultimately, it's shortsighted, since the world will spin on whether the mayor outlaws Model T's or not.

They're trying to win by fear, which is all that anybody seems to offer in the US anymore, the world will end if we don't get our way BOO! In an earlier day, people were smart enough not to be swayed by raw fear. People today are not. All we hear is fear and more fear on the theory that saying it enough times makes it true. The fear is really on the part of those being left behind by progress, which is why the media is suddenly trying to convince us that Luddism is all the rage.
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Old 07-25-2008, 07:45 PM   #12 (permalink)
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Don't write it all off as sensationalism.

The country is in serious trouble, and it's not just about gas prices.

Tomorrow the Senate is likely to authorize $800b to bail out Fannie & Freddie. Nevermind Bear Stearns. 150 banks are expected to fail next year. Hyperinflation is coming - maybe sooner than we think.

Oil prices are dangerously close to a massive surge if (more likely "when") we go to war with Iran.

The GOP presidential candidate wants to continue to keep dumping hundreds of billions into the Middle East, while the Democratic candidate wants to finish this country's descent into welfarism and socialism by taxing workers and business owners into oblivion.

Stores are closing. Discretionary spending is going way down for most Americans. Obviously, this is not good for business.

There are a lot of factors brewing...what some economists are calling a perfect storm. The US has just been borrowing and borrowing and printing money, and one day it's going to bite everyone in the ass.

Bailouts and borrowing only prolong the inevitable for so long.


With that said, of course I believe there is still opportunity. A friend of mine is a prime example. He sunk tens of thousands into the stock market recently, and got absolutely pummeled. Even lost money on stocks that had shown years of steady growth. So he re-diverted everything into a business idea, buying scrap gold. In this kind of economy, he's doing well with that.

I guess it's just a matter of adapting...but truly, this economy does suck, and the country is headed down a very dark path in general.

Last edited by flnazrael; 07-25-2008 at 07:51 PM.
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