GoFaxer Blog

In a recent article by Bill Fleckenstein, he says that pessimism is called for in the coming economic future. I know that this isn’t what you small business owners want to hear. But it may be the truth.

Some people think that the embarrassing collapse and rescue of Bear Stearns was the low point of a system that is turning around. But Fleckenstein doesn’t buy it.

The overwhelming reality is that both the collapse of the real estate bubble and the credit crisis, have combined to create and extremely unstable economic situation for the near future. It’s for this reason that many economists aren’t feeling optimistic.

One is forced to ask the “Therefore what?” question in regards to their small business. I think that the first thing that one needs to realize is that although tough times may be ahead, the market won’t completely collapse.

There still is opportunity out there. There still is good reason to think positively about the long term future. As long as there’s innovation, with genuinely great new products that people want to buy, the long term forecast will always be postive.

With that opportunity, comes a greater responsibility for young and small businesses to be extremely wise with their financial expenditures. Anyway to cut costs, be it using less paper through fax services via the Internet, or saving money on electricity through more efficient light bulbs, now is the time to do it.