Comments on: Are You A Confident Consumer?

By: Don

Don — Thu, 19 Jun 2008 16:12:14 +0000

I am definitely feeling the effects of the economy. Ever since gas prices started going up after the first of the year, my sales have been decreasing every month. Personally, I really haven’t changed any spending habits.

By: Chris

Chris — Fri, 13 Jun 2008 14:56:26 +0000

I recently read that here, in the United States, we are a consumer driven economy. And when consumer confidence is down - and people aren’t spending. . .pretty much signals recession.

By: Bona

Bona — Tue, 10 Jun 2008 22:20:34 +0000

Being a small business owner, I’ve had to downsize pretty much in every dept. My sales are lower, reimbursement cycle has slowed down. So yes this economy has definately taken a bite on my income potential

By: Martin Lindeskog

Martin Lindeskog — Tue, 10 Jun 2008 11:46:11 +0000

It is the producers who drive the economy, first of all. For summer reading, I recommend The Prime Movers by Edwin A. Locke.

http://edwinlocke.com/#primemovers

By: Chris

Chris — Mon, 09 Jun 2008 13:59:45 +0000

This is affecting a lot of small business owners. Especially those operating small fleets of vehicles and also even those in crafting industries such as candle making. With the cost of all petroleum products on the rise, even a simple supply of wax for a candle making business is now an expensive thing.

By: B Smith @ Wealth and Wisdom

B Smith @ Wealth and Wisdom — Mon, 09 Jun 2008 13:32:25 +0000

Steve-Good question. I see the rising costs in my personal life but it hasn’t slowed my spending. Partly this is because I don’t live paycheck to paycheck. I have a bit more buffer to deal with it.

From a business perspective I don’t see a slowdown at all. At my day job I sell electrical products to the oil and gas industry. As you can imagine things are booming. My side business (blog) is focused on life balance and growing wealth through entrepreneurship. I actually see more people starting things on the side to make up for rising costs.