Are we in a recession?  No one would blame you for thinking so -- the Dow Jones has been on a roller coaster, credit is hard to find, and every headline screams gloom and doom.

The truth is we'll never know.  Even the experts can't identify the scope of an economic downturn until it's over.  Recessions happen every single decade, and the current troubles have been well predicted.  No one could look at the housing bubble and not see it was going to someday burst.

Opportunities are created in tight markets.  This is a great time to be a small business owner -- in fact, businesses started during recessionary periods have a stunning success rate. 68% endure longer than five years!

The news is not the problem.  Our reaction to the news is the problem.  If we get swept up in the gloom, we're going to fail.  If we choose instead to focus on the positive, tighten up our business practices, and be nimble and open to change, we, as independent retailers, can make the best of these bad times.

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