People have been asking me about the “Financial Crisis” recently. What I have found is that Good Business Ownership trumps tough economic conditions. Business Owners who were struggling before are struggling now. Business Owners that were making money before are making money now.
A Small Business Owners investments are largely on Main Street, not Wall Street.
Another dynamic to which Small Business Owners should be sensitive is that the bulk of their investments are in their business.
The good news with this is that uncertainty about a Small Business’ financial condition can be easily removed with a good monthly accounting service. A Small Business Owner may worry about their IRA’s or brokerage accounts, but the when it comes the business, we should all know exactly where we stand.
We can remove uncertainty about our main investment.
Some good great sources for a broader understanding of the “Financial Crisis”
Great, Great stuff on this over at This American Life here and here.
It would be impossible to overstate how great these reports are. You will be informed and satiated by listening to these.
These are long, but quite engaging and easy to follow. Once you listen to these you will have a better understanding of the situation beyond that of most financial services consultants.
For a shorter explanation, check this 8 minute video out.
Note: These are all NPR sources, but are free from political commentary. These are fair, accurate and thorough reports.
