The BizFilings blog covering business tips and trends.
Stay Optimistic in a Recovering Economy
Mar 11, 2011, 09:57 AM
Read 'Stay Optimistic in a Recovering Economy' at 'Time to Start Up,' the small business blog by BizFilings.
Last week, the U.S. Labor Department reported that the national unemployment rate fell to 8.9 percent - its lowest rate in nearly two years - providing the strongest indication of an economy in recovery yet.
While the Federal Reserve has projected that the unemployment figure will likely hover around this number through the rest of 2011, other improvements in small business lending, business filings and consumer spending continue to bode well for the recovery.
Still, many businesses, particularly small ones, have been devastated by the recession and its aftermath. Accordingly, it is important for owners to remain confident and take a new look at their company. Take the downturn as an opportunity reinvest, relocate, trim down or restructure.
"There are many ways to learn about running a business," writes Kevin Morris for AllBusiness.com. "Take night classes in management at a local university or community college; start and maintain a business or motivational reading list; check with your local Chamber of Commerce to see if there are networking events."
Perhaps you may need to introduce a new product or service, or maybe its finally time to forge a serious social media campaign. Whatever it is, stay optimistic and always look at the glass as half full.