Economic Woes Show No Signs of Ending
Jul 28th, 2008 | By Dawn R. Rivers | Category: EconomyIn the House of Representatives, there is currently talk about another economic stimulus package and, in fact, the House Small Business Committee held a hearing last week to consider what such a package might look like from a small business perspective. Clearly, Congressional Democrats at least think more needs to be done to boost the anemic economy and, looking at the numbers, one can understand why they feel that way.
The indexes of economic indicators are down, consumer confidence and small business optimism continue to slide, retail sales are paltry (unless you run a gas station), and there seems to be little reason to believe any of those measures will head north any time soon. So, while the official gross domestic product remains positive (first quarter GDP was revised upward for a final 1% growth), everybody else is just hanging on. Microbusiness owners should let their native ‘do more with less’ mindset kick in; the key to survival in this climate may well be uber-efficient productivity.
