Monday, May 3, 2010

Twenty Years – What a Difference! - by Nancy Domaille, CEO & Chair of the Board of Domaille Engineering

"We’ve been told that the last couple of years have been the worst since the Great Depression and that we’re still far from pulling out of the current recession. As a result, the perception may be that 1990 presented a better business environment than 2010. Granted, today’s economic and business environment is dramatically different than it was in 1990, but not necessarily in the ways you may think. In 1990, the inflation rate was 5.65%, today it is about 2%; the 30-year fixed mortgage rate was 10%, today it is 5%; the prime interest rate was 10%, today it is 3.25%.

It wasn’t easy to start or grow a business in 1990. Many of the principles that applied then can still be applied in 2010. At the same time, 2010 brings new challenges. These challenges require new and creative methods to ensure success. Join me at the Small Business Summit on May 21st to gain insight into how existing businesses are weathering the economic storm and why now, as in 1990, may be an ideal time to start a new business."

by Nancy Domaille
CEO & Chair of the Board of
Domaille Engineering and
Small Business Summit keynote speaker

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