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What the Gurus say about Business and the Market

Posted on 10th October 2008

Business and the Market? BBC breakfast this week has run interviews with some very high profile figures in the business world. Of course in the light of the latest market news the questions being asked to these gurus are all quite close. We've summarized a couple of the main points below followed by a few helping points.
Are businesses really doing as bad as everyone makes out?
No, most business have had to cut back a peg or two but sales are still up and business is still there to be collected.
So what’s all this talk of Doom and Gloom?
 It’s doom and gloom on the stock markets, which lost $250Bn this week, but what does that really mean? Yes we lost $250Bn, which is a lot of money, but when in context of the stock market this is more like we lost $250Bn of virtual money. It doesn’t really exist!
The real people being hit are the brokers who were cashing in their $1 Million bonuses last year, and people who are close to retirement.
Middle England as Peter Jones puts it, “is really not that worse off!”
Useful Suggestions:
  • Be wise about your money.
  • Speculate, but on investments that are going to help your business run better.
  • Look at your operations and think about how you can streamline it.

Now is the time to cut back and lean up your company, so when the market pulls back you’re set to ride the wave!

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