Losing any sleep yet?

What a crazy time to own or run a business. We have banks failing, stock markets on a rollercoaster ride, credit tightening, homes all around you with mortgages in default – wow. Hey, let’s toss in a Presidential election just for a little comic relief. “I can see Russia from my house.” So funny in a sinking, mortifying kinda’ way…

Even if you aren’t personally wrestling with those specific financial issues, everyone will be impacted. From CEOs to Small Business Owners to pipe fitters to pool cleaners to consultants, we will all feel the effects of the financial morass that we are digging out of. The question business owners are asking themselves all across the country (across the world) is “what do I do now?” 

Smarter people than me are providing advice daily in this crazy mixed up world we have inherited\created. All I can do is look at my situation and that of my friends, family, and clients and base my decisions on that. Can I predict what the impact of bail outs, credit swaps, or the selling of derivatives might be on the global economy? Yea, sure I can – I’m a rocket scientist in my spare time.  

“I can calculate the movement of the stars, but not the madness of men.” – Sir Isaac Newton

 What I can do is not hide under a rock. I can remember that my investments are supposed to be long term and the long term outlook for them is still good. I can be thankful that my wife and I don’t need the money from our house and portfolio right now. I can remind myself that I am working and providing value to my clients. And I can help those around me find level ground – and the time to take a breath.

Lift your head up, take a deep breath and remember – you have employees and customers that need you. They have some of the same questions and need your guidance. Protect your business, do what needs to be done, and prepare for the ride back up when the economy begins to recovery.

“I’d like to use one of my lifelines Katie…”  And don’t forget to laugh once in a while!