Tag Archives: Economy

The power of diversification

Over the past week, it has been hard for the marine industry to avoid the bad news. Genmar Holdings' Chapter 11 bankruptcy filing last Monday - and predictions of more to come - has deflated some of the hope created by recent positive economic indicators. But regardless of the fall-out we're likely to see as the year progresses, we know ...

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Why it’s good to be small

Small businesses have an advantage in this economy. So wrote Harvard Business blogger Peter Bergman in a recent article . "The gap of confidence between small companies and big ones is growing," he stated. "We used to rely on the security of big companies. That's why we worked for them. And hired them. And put our money in them. But ...

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When will it end?

Of all the talk about this recession, there's one question, of course, that no one can really answer: When will it end? But the most important question to our businesses right now may be: Has it already ended? The answer to that, according to a news report I read last night, might surprise you. Some experts believe that our economy ...

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The Beige Book’s outlook

At the Marine Dealer Conference & Expo last November, Brunswick CEO Dusty McCoy said [and I'm paraphrasing here] that while many of the recessions the U.S. economy has endured in the past are V-shaped (the economy drops quickly, bottoms out, then rebounds steeply as well) he expects our current recession will be more U-shaped - meaning we won't experience that ...

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Pain = gain?

My four-year-old son broke his arm playing in the yard last week. While he was incredibly brave in the hours and days that followed, it has changed him. As the pain has receded, he's begun thinking out loud about how he'll avoid breaking something else, as have his father and I. We want him to go back to having fun ...

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