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Showing posts from March 30, 2014

Small Business Solutions To Overcome A Nickel And Dime Economy By John D. Verlin

Two recent Wall Street Journal articles caught my attention as they discussed what's going on in the economy and how consumers are responding. First, with the new jobs added this month of 192,000 and unemployment steadying at 6.7%--and the Fed still doing the 0% dance for at least another year--how does a small business hope to survive and prosper? Combine that with a second article discussing the "wages" issue (stagnant, etc) and a third article discussing consumer "staples" (toothpaste, detergent, feminine hygiene products, etc) offering unheard of discounts--six bottles of detergent for 30% less, or something like that--and we're talking a nickel and dime economy. A business owner friend of mine who sells higher end home furnishings told me recently of a customer who shopped their store--then Home Depot and Nebraska Furniture Mart and my friend was $200 more than the competition for the same product. His business is family-owned and have been in