Tuesday, March 3, 2009

Recession Bringing Down Many in America

Sorry for the delay since my last post. I've been talking to a lot of folks who are really concerned about the economy. The latest news indicates that things in the country have been worse than previously thought.

With this in mind, I'm going off track just a little with this post. I want to encourage all of my readers - we will get through this just as we have gotten through all of the past economic downturns. If you track the economy throughout our history, you'll find it runs in cycles - this just happens to be an unfortunate down cycle. Don't get me wrong, I understand many people are hurting because of it and I do not want to be insensitive to that.

Hard times increase stress which, in turn, causes an increase in health problems. Did you know that stress and what we put into our bodies are two key factors in the quality of our health? Tendencies during difficult times are to cut in areas of nutrition. This, of course, leads to more doctor/hospital visits, more prescriptions (greater cost) and missed work (lower income).

There are things that we can all do to help each other as well as ourselves. First of all, try to stay optimistic. Things will get better again - hang in there. Secondly, anyone with a business should take a look at how to create a "mini" economic stimulus package. For example, I have just reduced the prices at my two on-line stores. Nutritional products are now 20% of regular retail prices at www.baileyshealthstore.com and all items in my on-line mall, www.baileysbounty.com are set just above wholesale costs.

I've made these reductions because I know many people are struggling and that not only makes it harder for them to get the things they need but it also reduces sales. Yes, I'll admit, this move is intended to benefit my customers and my stores. I am a business man after all but, I like to think I'm one with a heart.

My point of encouragement to all other business owners is to follow suit as much as possible. A little less profit may be within your tolerance and, if so, please consider helping to spark our own economic recovery.

This is a great time for us to pull together and do something positive. We don't have to sit around and wait for our government to make a difference. Millions of people making small contributions will have a profound, positive impact.

Until next post...may God bless you all.

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