The Greatest Opportunity Since the Great Depression (III)
Thursday, November 20, 2008 | Dylan Jovine
HOW MANY PEOPLE READING TODAY'S TYCOON REPORT OWN THEIR OWN BUSINESS?
I ask that question because I, as a fellow business owner, can probably relate to what you're going through right now. Sales are down, profits are vanishing and certain costs - especially health insurance - are completely out of control. And normally I don't even complain about costs like health insurance: I'm probably just numb to the annual increases by now. But those cost increases hurt more than usual today.
Indeed, it is a tough time for the "entrepreneurial backbone" of the American economy. In my 20 years of running different companies, this is among the toughest times I've ever experienced. And as the media reminds us every day, it isn't likely to get much better for some time.
But surviving a downturn is one thing. The real question all business owners should be asking themselves is, "How do I capitalize on the greatest opportunity since the great depression?" Because it's highly unlikely that you'll have another opportunity this big for another generation.
As I've said many times before, I'm not a stock analyst; I'm a business analyst: I spend the majority of my time investigating the actual companies themselves as opposed to their stock prices. And most of you have signed up for this letter because you want to get good investing ideas for this market which I have been sharing in the past month.
Today, however, I need to speak to the business owners who read the Tycoon Report to offer a few suggestions to help you not only survive this downturn but to thrive. Out of respect for our current readership who’ve signed up to get market commentary, we’ve created a blog for business owners interested in learning more.
Go here now to read the rest of the article!
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Dylan Jovine
Chief Investment Officer
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