Seeing Things In Positive Perspective

Brad Sugars in his article,Top 10 Reasons to Start a Business in a Recession, shared and presented that we, entrepreneurs must not always dwell to all of the negative things that is happening around us. Excited what are those 10 Reasons? Check it below.

1. Everything is cheaper.
2. You can hire more and better-qualified people.
3. People are looking to change suppliers.
4. Ownership equals tax incentives.
5. Family and friends don't want to (or can't) invest more money into the stock or real estate markets.
6. Suppliers are giving better credit.
7. You can get good PR by showing you are going against the trend.
8. You can buy everything you need at auction.
9. You can find great "low money" or "no money" down deals.
10. You've lost your job, and you have to do something.

White House To Block AIG Bonuses

This is an update on the AIG Shocking News I posted yesterday. Now this is what the White House plans to help the small business. President Obama planned to block the AIG bonuses. Check the excerpt of the news below.

President Obama this hour met with a group of business owners, community leaders and lawmakers to discuss his plan to make, as the Associated Press writes, billions in federal loans available to the nation's struggling small businesses.

Among those there, according to the White House: senators Mary Landrieu, D-La., and Olympia Snowe, R-Maine; Cam Fine, president and CEO of the Independent Community Bankers of America; Giovanni Coratolo, executive director, small and mid-market business councils at the U.S. Chamber of Commerce; and Roger Campos, president and CEO of the Minority Business Roundtable.

At noon ET, the president and Treasury Secretary Timothy Geithner are scheduled to step before cameras in the East Room of the White House to discuss some of the details of the plan. USATODAY.com has a video feed of that event here, and we'll be updating this post with news as it happens. Check back as the time draws near, and be sure to hit your refresh button to be sure you're seeing our latest updates.

AIG Shocking News Continues

The American International Group on Sunday released the names of financial institutions that benefited last fall when the Federal Reserve saved it from collapse with an $85 billion rescue loan and then 3 subsequent bailouts.

The disclosure included counterparties to both its credit default swap operations and its securities lending businesses, both of which contributed heavily to A.I.G.’s troubles, as well as to muncipalities who participated in certain investment programs. All told, Sunday’s statement detailed payments of more than $94 billion, excluding payments to municipalities. All were made using government loans.

I found the news above from DealBook section of The New York Times. AIG is still not yet done in giving the whole world shocking news such as this. But you knew what made this post more interesting? Well, it's the fearless reaction from different commentors. No wonder the post received 133 responses. Check it out guys!

Top 50 Social Entrepreneurship Blogs To Watch for 2009

An entrepreneur must also be social. Over at EvanCarMichael.Com, the authors put definitely great efforts in compiling the Top 50 Social Entrepreneurship Blogs To Watch for 2009. What is even better is that, they categorize it according to the major aspects of business we are in to these days.

The newest breed of superheroes are not on the big screen, but in the small business community! People have long been awaiting for a “hero” or social entrepreneur to arrive with the special ability to recognize society’s problems and bring about global changes. Entrepreneurs who have the burning desire to create “social value” and develop long-term solutions are real life Supermen/Wonderwomen. So if you wish to help the disadvantaged by empowering them with tools for success, check out EvanCarmichael.com’s “The Top 50 Social Entrepreneur Blogs To Watch in 2009” to start improving the lives of others right now!

Well, I definitely did and so as you, my readers! Check out now --> Top 50 Social Entrepreneurship Blogs To Watch for 2009!

How To Effectively Cut Cost In Business?

The global financial crisis does not stop us from either being strong or fearful. It's our choice! But how will you face this global question as well? This global question I am referring to is whether to lay off your employees or not to cut cost in your business.

Susan Reid is right in her article --To Lay Off or Not to Lay Off. That Isn’t the Question.

It shouldn't be the question neither should be the advice of business consultants. The question should be is -- How To Effectively Cut Cost In Business? -- Without hurting the best and most important aspect of business success, our people. Well, you must give some thoughts to this and consider reading Susan's post I cited above.

Classic Business Books Never Stale

I am currently following Laurel Delaney as she is one of the highly recognized global business expert. Just today I have read her post at American Express Forum --For Advice That’s Never Stale, Pick Up A Classic Business Book. I quoted below the classic business books along with Laurel's advice to us.

1. The Human Side of Enterprise by Douglas McGregor (1960).

Advice: During tough times, we must discover how to realize the potential represented by our own people. Learn to manage the most valuable side of your enterprise — the human side.

2. In Search of Excellence by Thomas Peters and Robert Waterman, Jr. (1985).

Advice: Get back to basics. Treat people decently, ask them to shine, and make quality products that you can sell for a profit. Even for today’s tough times, that’s a door opener to a future filled with promise.

3. Beyond Entrepreneurship: Turning Your Business Into An Enduring Great Company by James Collins and William Lazier (1992).

Advice: You can build an extraordinary organization capable of long-term health and success provided you lay a foundation for greatness now and are faithful to your values. It’s based on YOU. Trust people. Be decisive. Set priorities. Walk the halls. Give positive reinforcement. Communicate the vision of your company. Inspire people. And despite, or in spite of, our harsh economic times, continue to move forward with anything new, bold and risky.

4. On Becoming a Leader by Warren Bennis (1989).

Advice: Manifest the qualities above, says Bennis, and you will become an outstanding leader who enables a business to flourish.

5. The Effective Executive: The Definitive Guide to Getting the Right Things Done by Peter Drucker (1966).

Advice: If you read one book this year about how to improve your own effectiveness as a business owner or executive during tumultuous times, this is it. Executive effectiveness can be learned, and there is a difference between being busy and being effective — one of many gems covered in this masterful book.

Actually Laurel have extensively laid out key points of advices taken from the above mentioned business books. Check it out in her post I cited above.