Right after I posted about how investors move their money into franchising during bad times news came out that those seeking franchise funding were having difficulty due to the cold credit market. The lack of credit was also hurting some existing franchisees as they tried to get money to keep their businesses alive during this downturn. So, times are tough and we’re all feeling it in one way or the other.
The good news is that this shouldn’t last long and soon we’ll be heading north again. After the election the market can relax and factor in the gains or losses based on the candidate that wins. Right now it really looks like Obama will win and his taxes on companies will hurt the economy, but this seems to have already been factored into the market.
I have a big deal I’m working on that I’m simply going to hold off on for a couple of months. I’m going to wait until the waters clear and everyone relaxes a little and realizes the sky really isn’t falling.
I’d like to hear your ideas…
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