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Things are gloomy out there. While I was going to write about the WSJ.com's MarketWatch story with the dark headline Business Survey Sees Worst Conditions Since 1982, I decided to look on the proverbial bright side after I read about a plucky dog groomer in the Houston area and her plans to keep her business chugging along in spite of … well, everything. This article was also darkly titled (maybe people aren’t reading stories that have sunny titles) with this zinger: Weak Economy Strangling Small Businesses but, to me at least, it had a message of hope.
In spite of the fact that a recent Wells Fargo/Gallup Small Business Index report noted that “about 60 percent” of those surveyed said “they would cut employee hours, and more than half said they would cut positions, Ellen O’Connor of the Pampered Pet Inn has been able to avoid layoffs by picking up hours herself because, as she says, “I don’t have to pay myself.” Even though "its been the roughest January (she) can remember" and she "was surprised when her bank recently cut off her business credit card with no warning," she still has "two busy days" each week and appears to still love what she does. Check out her smiling face when you read the whole article at: http://www.chron.com/disp/story.mpl/front/6228914.html
Also, I found this nugget interesting: “Despite the economic slowdown, experts advised entrepreneurs to go ahead and start a business if they can. ‘It’s a great time to start building a business because you can get the inputs to build those businesses pretty inexpensive,’ said Bryan Pearce, an Ernst & Young partner and leader of its Americas Venture Capital Advisory Group.”
What do you think? Ready to take the plunge and start a new small business?
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