article thumbnail

Lessons From Past Recessions

Success

For anyone who lived through the fear and uncertainty of the 2008 financial crisis, hearing ‘recession’ from news anchors and pundits can bring up anxiety and fear. The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months.

article thumbnail

You Will Survive: 8 Strategies to Overcome New Entrepreneur Anxiety

Success

This panic arrives the moment we realize we’ve strayed too far from the paycheck mothership and feel compelled to run back to the salaried womb. When the 2008 financial crisis hit, Tel Ganesan, founder of IT and software company Kyyba Inc., Congratulations! The act of starting a business demands this initiation from every entrepreneur.

Salary 363
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Oh, Mexico: A Burned-Out CEO Turns a Ranch into a Retreat

Success

The hotel relaunched in fall 2022 with a new interior design scheme and an even stronger socially conscious mission: It now provides housing for the hotel’s 300 employees, with a small percentage of their base salaries taken out of each check to cover the housing costs. It’s not about just listening to your customers.

article thumbnail

The Art of Problem-Solving: 4 Creative Strategies to Tackle Your Biggest Obstacles

Success

You launched this side hustle in 2017 but recently left your salaried job to take this business seriously. . But you also like the lifestyle that your salary pays for: weekly dinner and drinks… lease payments on your Audi… the waterfront condo. Option 4 : Stay at the bank until your business can replace your salary dollar-for-dollar.

Salary 312
article thumbnail

How Badly Do You Want the Life You Dream About?

Success

A big, inspiring “why” propelled Justine Flynn and her co-founders to launch their company, Thankyou, in 2008. A successful sales executive, Webber found herself increasingly dissatisfied with her work in the tech industry despite its secure salary and lucrative annual bonus. With Tracey, in Charlottesville, Virginia.

2002 312
article thumbnail

Despite Low Unemployment Rate, Sole Proprietorships Growing in South Dakota

Small Business Labs

A professor at South Dakota State University analyzed non-farm wage, salary and sole proprietorship data for 2000 and 2008 by county for South Dakota.    He found the number of non-farm business sole proprietors grew during this period. 

Salary 100
article thumbnail

On the Job by Anita Bruzzese: Should You Tell How Much Money You Make?

On The Job

People have very strong opinions about whether its OK to talk about salaries, so when this survey from Glassdoor.com crossed my desk, I knew I had to explore it further. According to a Glassdoor.com survey, 17 percent of respondents say they are not comfortable talking about what they earn, up from 11 percent in 2008. Rueff says.

Salary 100