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What's Your Biggest Worry With The Recession?

Challenges are inherent to business...

Still, I'm curious as to what you consider to be your biggest challenge in the face of the current recession...

For me, it's that we'll continue to ignore the real issues (trade deficits, inflation, and low consumer confidence) and that leaders in the U.S. will keep increasing taxes and printing money like they work at Milton-Bradley, thereby continuing to fuel the worldwide recession.

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Permalink Reply by Urban Samurai on July 1, 2009 at 7:09am: To be honest the recession hasn't really effected my dojo. The people who train there are dedicated martial artists and nothing will stop them training. I think most clubs have a hardcore membership who will always turn up. A few will come and go according to circumstances but that's it.; ▶ Reply to This

Permalink Reply by Mike Dolpies on July 6, 2009 at 2:39pm: Great Attitude Urban Samurai- everyone needs to hear that!

Like one of my mentors told me--- even in the great depression years 70% of people were employed--- a good way to frame your view point.

I am still concerned about this administration's policies.

One thing about free markets though is that they always do find a way to improve. For example- many- many years ago--- when Unions first came on the scene- the doom and gloomers predicted the end of capatilism. Of course the unions just helped get rid of horrific labor conditions and sweat-shops not capatilism.

so the positive side of my thinking still belives that, even with our expanded Government here in the U.S. we will find a way!

Urban Samurai said:
To be honest the recession hasn't really effected my dojo. The people who train there are dedicated martial artists and nothing will stop them training. I think most clubs have a hardcore membership who will always turn up. A few will come and go according to circumstances but that's it.; ▶ Reply to This

Permalink Reply by Roger Hunt on July 24, 2009 at 7:39am: Im a little confused to be honest! Here in the UK were bombarded with the media's message of credit crunch yet I still see people with shopping bags with expensive designer labels and going out to get loaded at the weekends.

But it is important to stay positive and keep the faith we know as martial artists and instructors that there are always tough times, hell if we can't roll with the punches how can we instill confidence to our prospects?; ▶ Reply to This

Permalink Reply by Michael Massie on July 24, 2009 at 8:00am: Good point, Roger.

I agree, staying positive is paramount:

http://martialartsbusinessdaily.com/910/ignored-critical-success-fa...; ▶ Reply to This

Permalink Reply by Kevin Geary on December 12, 2009 at 5:33pm: I'm not worried. My school has grown every single month except one where we had a deficit of about 2 students (gained minus lost resulted in -2). We're not acting like we're in a recession and we're continuing to make improvements to our program and our marketing and we're forging ahead.

My only concern is if the U.S. loses its' AAA rating and the hyper inflation this administration is feeding hits we could be in for double the disaster we've already seen. At that point, we're all going to need to put things into perspective and figure out how to stay afloat.; ▶ Reply to This