Notes from President/CEO of JEL Holdings Corp. (continued)
Matthew Gladen
JEL Holdings Corp. has received record inquiries from average people looking for additional streams of revenue… home businesses, small businesses, and investment opportunity.
Entrepreneurs are finding success in non-traditional businesses (network marketing, internet marketing, etc.) with very low capital expenditure. The current uncertain job market has caused more people than ever to be open to a business opportunity or additional stream of income, and with the advent of new technologies the home business industry is exploding.
Many well run small and medium sized businesses are also finding opportunities for success during this recession. The full effects of recession on a business typically begin internally but will typically service publically with stories of poor customer service or other unflattering tales causing reason for concern among their clients. Companies who invest in strategic sales expansion may be positioned to experience rapid growth in a redeveloping marketplace.
The future of our current economic recession is unknown, however I would expect further job lose as businesses of all sizes take this opportunity “right-size”, eliminating unnecessary jobs and in many cases “upgrade” replacing jobs with technology increasing future earnings potential.
Considering recent public earnings announcements and economic indicators, I am optimistic that consumer spending and confidence will return helping to stabilize the job market moving into Quarter 4 this year, but expect unemployment levels to remain high an undetermined amount of time.