Fourth Quarter 2010 Economic Report Card | Nancy D. Sidhu

According to “advance” estimates of the Bureau of Economic Analysis released last week, the U.S. economy grew by +3.2% last quarter (seasonally adjusted annual rate or SAAR).  This marked the sixth consecutive quarterly increase since the recession ended in mid 2009.  Furthermore, the level of economic activity has finally overtaken that recorded in the last quarter of 2007 (the recession officially began in December 2007).

Progress was evident in many sectors of the economy during the fourth quarter:

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In The Mind’s Eye | Peter Mehit

Many times when people think about getting into business for themselves, they cherish the idea of the freedom and control it would bring, but are often stifled by fear. ‘How will I find customers?’, ‘How do I find the money I need?’, ‘Will anyone really buy what I’m selling?’ are typical of the questions we run through our minds just before a wave of fear spills over us and we suddenly feel grateful for the job we loathe.

We tell ourselves that having a business is for people that come from money, yet many of the greatest success stories are people that had little or no money at the beginning of their journey. We are convinced that we need ever increasing amounts of education, but Bill Gates, one of the world’s richest people, didn’t complete college, Sir Richard Branson never went.

So what is it? What makes some people successful and others not? It boils down to three primary traits:

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RealtyTrac’s Sharga: Banks still holding 70% of REO from market « HousingWire

The major kink in the housing market’s recovery, and for the macro economy overall, is the work left to be done on homes currently in the foreclosure process, those about to enter it and the amount of repossessed homes the banks must shed. Striking a proper balance on how to mange this shadow inventory of foreclosures is vital for the banks to show a healthy balance sheet while not dumping too many distressed properties onto the market, further dragging down home prices and values.

Read Article.

Thanks to Victoria Kuo for bringing this article to our attention- Ed.

Generation Y Consumers | Lydia Mehit

Gen X as a Target Customer was first in a series of articles aimed a helping you identify the habits and proclivities of a generation. This is to allow you gain insights into how to better approach them with your marketing message. This article will discuss Millennials and the unique circumstances of their generation.

Generation Y encompases a broad range of ages from teenagers (age 14) to home-owning adults. The older end of generation is believed to have the potential to attain the greatest spenfing power of any prevous generation. This means advertisers want to understand what drives the Gen Y consumer to purchase.

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SMALL BUSINESS ADVOCATE’S ADVISORY GROUP MEETING NOTES | Marty Keller

SMALL BUSINESS ADVOCATE’S ADVISORY GROUP
MEETING NOTES
West Sacramento, California
January 25, 2011

2011 Small Business Priorities.

After a very useful and spirited discussion, those in attendance decided on the following priorities for the Small Business Advocate and the Small Business network to work on in the coming year. They are divided into those issues which have or will have specific legislation, and those that are general and involve many different initiatives. I also include those issues put forward by the group that received lower consideration, but that the group still believed were important.

1. Legislative Priorities:

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