Economic Downturn and the Lowly Startup
      About Me
      I'm Mike, the owner of an athletic development company called HPC. I recently quit my financially secure day job to 1) finish my PhD and 2) take my business full time. It's a risky venture and a major redirection (hence the blog name) in my life. I love food, hate sleep, and want to be my own boss. I have mild OCD and ADD but I will always post, so please come back if you are interested in following this venture and maybe picking up some random bits along the way.
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     By mike | No CommentsLeave a Comment
    Last updated: Saturday, September 27, 2008 | 430 Views
    FinancialMeltdown

    Image by robertodevido via Flickr

    I know I’m not alone when I say that the recent economic crisis has hurt my pocketbook. My business ventures are actually proving to be immune to the downturn but my stock investments have taken a big hit. These are what I’m counting on to open my facility in 2-3 months so this has left a little bit of a sour taste in my mouth. No, it’s not going to prevent me from doing anything but it means I have to be that much smarter about how I use my startup funds. These funds WERE one of my major assets as I had invested all of my money from the sale of my home in Baton Rouge in to the stock market and I had actually done VERY well. Despite the big crash, I’m still up quite a bit but I took a big hit….one that I wasn’t really expecting to have to deal with. I’ll watch with interest tonight’s first Presidential debate but as a small business owner, it would seem the winner is pretty clear on who has the best economic plan.

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