Business & Finance

Did you know?

Although the recession that began in 2008 has had a devastating financial impact on people from all walks of life, there may have been some positive side effects to come from the downturn, which taught many people how to survive in the face of decreased cash flow and limited jobs. According to a report from the American Bankers Association, credit card customers are now more responsible than they have been in more than 10 years.
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Selling in a slow economy

When the economy is slow, consumers tend to tighten their purse strings. Conservative shoppers may skip big-ticket items or carefully consider each penny they spend. This can make it challenging for businesses to turn over inventory.
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Boost business' online presence

In today's digital landscape, a business' failure to create an online presence can lead to a host of missed opportunities. It is imperative for small businesses to create online identities to be able to compete in the local and global markets.
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Don't cut morale when cutting costs

After several years of grim predictions and record-breaking unemployment statistics, financial experts are predicting that things are on the mend. Whether this is the case or not, many business owners have yet to see big improvements in their bottom lines. As a result, strategies to minimize spending are likely to continue.
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Will paper money become obsolete?

Is paper currency a dying breed? What about checks and savings bonds? Many of the currency that has survived throughout centuries may eventually go the way of the dinosaur.

There's no denying how daily life has been transformed by technology. With the proliferation of e-mail, online shopping, text messaging, social networking, and the myriad other digital avenues that fill up a person's day, the concept of writing something on paper -- or paying for something with paper -- may seem archaic. After all, now you can wirelessly transfer funds from one bank account to another or pay for items with the click of a mouse.
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Shopping malls evolving into entertainment destinations

Demand for retail space continues to fall. Free-standing stores that were once popular are closing and empty strip malls are on the rise. Once mainstays of the average teenager and even gathering places for many adults, shopping malls are also paying the price of the recession. But all hope may not be lost, as restaurant chains are moving in to fill the vacancies and help sure up business.
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