Deep Thinking - September 3, 2008
I have been thinking of what kinds of business do I try to work on, given all the situations that we have in the world of business and all the retrenchments that are happening all throughout the world. I remember last year, Loans for small business have been limited due to the unstable situation in the stock market. Banks were afraid to let people get them because most businesses that time have the tendency to go down like an elephant on quick sand.
Most entrepreneur aspirants ended up just using personal loans and had to start with a very small capital, which made some eventual heartbreak for a lot of people. Some businesses fell without even experiencing any form of triumph and for some, mortgage played a big part of it since most have to have a different site for their businesses to be put up. They had trouble maintaining all of their bills, paying for loans, electricity, and some other stuff, which made them fall on their knees. With this crisis, everything has been in deep turmoil. We can only hope that in the next few months, we get something better, especially with the new president, or else we might just see something worse than everything that we currently see.