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Recession? What Are You Doing to Recession-Proof Your Future?

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By Wendy Mills



Let's face it, we've entered a recession and the economic climate is tough right now with no signs of letting up anytime soon. So is this the best time to start a home business or build an existing business? How is the small business owner going to make it when the big companies are downsizing or going under? Just look at a few recent store closing announcements:

  • Eddie Bauer to close more stores Eddie Bauer has already closed 27 shops in the first quarter and plans to close up to two more outlet stores by the end of the year.
  • Foot Locker to close 140 stores In the company press release and during its conference call with analysts, it did not specify where the future store closures - all planned in fiscal 2008 - will be.
  • Gap Inc. closing 85 stores In addition to its namesake chain, Gap also owns Old Navy and Banana Republic . The company said the closures - all planned for fiscal 2008 -will be weighted toward the Gap brand.
  • KB Toys posted a list of 356 stores that it is closing around the United States as part of its bankruptcy reorganization.

 

The Home Business Advantage

 The truth is with today's technology at our fingertips, home business owners can actually be better equipped to deal with a recession and downturns in the economy than the big businesses. Why is that?

  • Home Businesses don't have the high overhead and cost to run their business
  • No employees
  • No big advertising budget
  • No building rental or property taxes
  • High tech tools to do business around the world at reasonable prices
  • Legitimate tax deductions on utilities, mortgage, etc. that we would be paying even if we didn't have a home business.

...But There Are Challenges for the Home Business Owner

That's the good news, but why is it that almost 97% of network marketers and over 80% of all small businesses fail?

  • Lack of activity, or the right activities to build their business
  • Lack of people, or failure to market to the right people
  • Underdeveloped skills
  • Lack or depletion of a marketing budget

 

Your Marketing Budget and Using Your Money Effectively

The one we'll focus on here is the marketing budget, because first off, we are discussing the economy and secondly, if you decide to let me help you with improving your finances and increasing your marketing budget, I can help you with the other three!

What if during these tough economic conditions you could get rid of any debt, including your mortgage, in 1/3 to 1/2 the time?

  • without changing your monthly budget
  • without making additional payments
  • without refinancing

What if you could utilize your money more effectively and, using the principles that banks have been using for years to make money off you, turn the table so YOU are using the banks money to your advantage?

How Ufirst Financial's Money Merge Account Program Can Help you and Your Business:

  • Increase descretionary income
  • More equity that can be utilized for your business
  • Helps you to use your money more effectively
  • Build equity quicker and pay off mortgages on multiple properties, even a business property.
  • Could provide a second income stream by helping people in your database you are already doing business with. Find out more at JV Prosperity Partnership


So what do you do next? Complete these 3 simple steps now!

1. Watch these two short videos to learn how to Recession-Proof your Life and to get an overview of how the Money Merge Account Program can help you.

Recession-Proof

Money Merge Overview

2. Schedule a free Financial Analysis

3. Request a complimentary consultation to get expert advice on the best stratagies for YOU to either build your existing business or start a business that will be right for you:

Call 716-514-8858 or complete this contact form

Comments

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Michelle Moseley  says:
12 months ago

Hi Wendy,

Just stopping by to see what you have going on. I'm interested in checking into UFirst if I ever get a spare minute. I'll fav this and come back to it, maybe after the holiday's are over. Hope yours are great!

Michelle

Cammy Stubbs profile image

Cammy Stubbs  says:
12 months ago

Great information Wendy, more people need to be financially educated and have effective tools to protect themselves from economic disasters. We can't control government or big business, but we can do things that create security for ourselves. If we don't look out for our own financial futures no one else will do it for us either.

Cammy Stubbs

Dan Nozaki  says:
12 months ago

Wendy, the lens was great my company switched over to U-first about 8 months ago. Maybe you know the company World Leadership Group. We also made a move to First Financial Security a year ago. If your were with WLG and didn't take a look at FFS take a look at my Blog at www.DanNozaki-ffs.com Both products and companies fit hand in hand.

Wendy Mills profile image

Wendy Mills  says:
12 months ago

Hi Michelle,

Thanks for the holiday wishes and your comments. Hope you enjoy the holidays too. Appropriately, tonight's WorksTeam webinar is Keeping the Forward Momentum in Your Business Through the Holidays http://www.ahomebusinessworks.blogspot.com/

From what I have seen though, you are a highly motivated leader who already knows how to keep moving forward!

Wendy Mills profile image

Wendy Mills  says:
12 months ago

Thanks Cammy - I couldn't agree more! As always you have great insight and are helping people through your leadership.

Wendy Mills profile image

Wendy Mills  says:
12 months ago

Hi Dan,

Thanks for your comments. You address one of the things I have promoted for a quite a while now - developing multiple income streams by finding COMPLIMENTARY products/services to promote. I learned the hard way not to rely on any one company or product - no matter how good it may be. Companies can change and if they make changes you don't agree with, you can be left without an income.

When you find products and services that fit together hand-in-glove you are able to provide more value to your customers and create another income stream with very little extra time or effort - a win-win for everyone!

Barry Diehl  says:
9 months ago

Can your business system help me to help my team grow, as it takes participants , I want to be able to grow enough that I can build their business for them.

Wendy Mills profile image

Wendy Mills  says:
9 months ago

Hi Barry,

Yes, my business system can certainly help grow a team. I have people on my team duplicating the success I have been having. However, I would provide one word of regarding building a business for your team. You really don't want to do that. What you want to do is provide the direction, training and support to develop independent leaders. You are not doing your team any favors by making them dependent on you, and as your team grows, you will burn yourself out if everyone is dependent on you.

The key is to provide a system that your team can follow that still allows them to utilize their strengths and personality so they can be themselves while successfully growing their business.

If you would like to discuss this further, you can give me a call or complete the contact form to schedule a complimentary consultation.

To your future success!

---Wendy

Ashish Dahiya  says:
7 months ago

Hi

Your site is very good having good information.

Regards

Wendy Mills profile image

Wendy Mills  says:
7 months ago

Thanks for your positive comments Ashish.

alwaysabridesmaid profile image

alwaysabridesmaid  says:
2 months ago

Great tips for controlling your own financial "destiny"!

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