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Financial Freedom: In Rough Economic Waters

Paul M. Jerard Jr.
Sep 11, 2007
Many businesses, and families, are struggling within the framework of the present economy; however, some people are still finding new ways to "think outside the box." The economy is like the speed limit on the highway; some people stay the course, while others pull into the high-speed lane and give it all they've got.

Now - I am not encouraging you to break the speed limit, but I am letting you know that you can surpass perceived economic barriers, even in a tough economy. How is this possible? It takes innovators to get out of an economic downturn. Whether you are thinking of a recession or depression, it requires creative thinking on all of our parts to get out of one.

Apparently, the thinking is up to the private sector, for the moment, so what do we do? First of all, research your goal, find like-minded people, write your goals down, and go for it. This will require dedication and it won't happen in a day. If you have assembled a team, let everyone work with their strong points.

Assess the strengths of an innovator in comparison to "the numbers person." We all have strengths and weaknesses, but we have to utilize the strong points for success. Even an independent thinker can fit into a collective group, if he or she agrees to be constructive. This is why a collective group is so strong in comparison to a "solo act."

Together, you can research opportunities and put doubts aside. Right now, there are opportunities in servicing, consultation, and Internet commerce. There are also more possibilities, but they require initial research on your part.

I recently talked with a gentleman who made an impulsive investment. He has spent nearly $10,000 on his web site. He offers a variety of products that have nothing in common. He gets no traffic, no sales, and wonders why.

Firstly, he did have good intentions, but he did not do any research. He went into this venture on impulse and did not "weigh up" any advice. Not all of the advice you get will be useful, but it will help you make an educated decision. Most everyone, who is successful on the Internet, has done their research and then found a particular niche. You can't open a general store on the Internet without competing against WalMart. Who wants to do that?

When considering any business endeavors, listen to the advice for your own good. Get advice from positive thinkers and from "doom and gloom" thinkers. This will give you the full picture, and you can make an informed decision.

Most of all, never give up. Developing an additional revenue stream, that will help you pay down debts, is the goal. If we can all do that, the global economic climate will improve for the best.
About the Author
Paul Jerard, is a co-owner/director of Yoga teacher training at Aura Wellness Center. He has been a certified Master Yoga teacher since 1995. He is a master instructor of martial arts. He teaches Yoga, martial arts, and fitness to children, adults, and seniors. Recently he wrote: Is Running a Yoga Business Right for You? For Yoga students, who may be considering a new career as a Yoga teacher.
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