Almost one year ago, we predicted, correctly, the inevitable bankruptcy of some large corporations in 2009 (Old Article). As the highly volatile market of 2009 is slowly fading into the “Reconstruction” era model of 2010, consumer spending has slowly been realigned from the “wants” to “needs.” Although confidence has gone up slightly from last year’s holiday season, more and more Americans are finding out that the green linings in their wallet have disappeared.
Online sales have increased 7% in the past year even during the financial problems of today. If you have noticed the boom of the online business industry and the amount of millionaire it is churning out every year, then you are probably looking to join in this parade. Would you like to be an independent online entrepreneur or have another stream of income to boost your financial security?
If you answered yes to these two questions, you are already gifted with the interest and a tiny percent of the motivation that it takes to become an online entrepreneur. The difference between success and failure is of course, what you do about it.
Are you a small business owner? This article from Victor Matarasa, MBA is just for you.
If you are a small business owner, you have undoubtedly encountered the seemingly difficult challenge of balancing your business obligations with those of home and family. Being committed to both a business and family life forces us to blur the lines sometimes. While trying to succeed in business and contribute to nurturing a family simultaneously is an ambitious goal, the frequent outcome is that we spread ourselves thin and wind up feeling as though we don’t do anything well.
The year is 2019, the global recession has ended and the market has witnessed a great shift in consumer spending, buyer habits, and marketing. Older businesses that did not adapt to this change were swept away in a wave of bankruptcies and buyouts. The larger of the top companies in the world will have revenues somewhere near the trillion dollar mark per year, more than the GDPs for most countries.
Who will lead the business renaissance of the next decade?
The current (2008) annual revenue for the business is shown and businesses are ranked in predicted 2019 revenue. Some of you might be surprised at the shape of the market in just a few years time.
During the early days of the recession, as stock markets were vacillating between gains and losses, investors had hopes that 2009 would bring about a slow economic recovery as the housing market stabilized. However, two quarters later, with stocks at their lowest levels since the mid 90s and no turnaround in sight, Americans are bracing for what could be a devastating depression. The pain has been felt around the world with 8 members of the European Union pleading for help, loss of jobs all around the world, and a drop in commerce levels.
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