News For (Toilet Paper) Entrepreneurs – MARCH 9, 2009
Entrepreneurs Cut Their Own Salaries Before Others
The News: CNN reports on a poll that shows most entrepreneurs cut their own salaries before laying off staff. Full report.
Why It Matters: It sounds noble at first past, but if an entrepreneur cuts too deep into their own salary – they can’t survive and every employee, including the entrepreneur, loses a job.
Mom & Pop Movie Stores Might Outlast Blockbuster
The News: CNN Money reports as Blockbuster contemplates bankruptcy, the few remaining indie video stores fight to stay around. Full report.
Why It Matters: Read the Mike Clark story, near the final1/3 of the article. Innovations like his demonstrates a great way to grow in a recession.
Longest Postwar Recession In History
The News: The AP reports that within 1 month, this recession will be the longest since the great depression. Full report.
Why It Matters: Interesting read on history, and how we are playing the exact same “game” all over again.
The 6 Most Interesting Web Stories Last Week
The News: FastCompany reports on the 6 most interesting stories from last week (just like the title says). Full report.
Why It Matters: From the news you would think it is everywhere… but this report points to 35 counties that represent the majority (remember the 80/20 rule).
