The stock market is not doing well. Here’s an excerpt from yesterday’s report on MSN.com:
“Stocks suffered their worst losses of the year and their worst since last summer after a leaked report on the state of the U.S. service sector showed an economy slipping much more quickly than expected.”
In the end, the Dow Jones Industrials was down 370 points. The Nasdaq Composite Index was down 73 points. And the Standard & Poor’s 500 Index was down 44 points.
The article points out that financial and energy stocks were the worst hit by the drop.
So what does this mean for the average small business owner when they see macro numbers like this? It means that you may have to run the very best business you possibly can run to stay in business in 2008. Now is the time to innovate. Now is the time to strengthen your company like never before. Now is the time to increase efficiency dramatically.
As I’ve said before, one of the best ways to do this is to switch from old-fashioned fax technology to Internet fax. It will save you money and time.
In the end, it’s those who use technology to advance their cause who will retain their cause. So be wise my friends.
Relevant Tags:economy, Internet Fax, recession, small business, stock market