Bad News from a Pawn Shop Owner Three More Bad Years (at least)

Bad News from a Pawn Shop Owner Three More Bad Years (at least) I was at a pawn shop this week looking for a couple of movies I want.  Ive been in that shop a few dozen times and the owner and I know eachother. I asked him how business was and he said something like: Its going really well.  People are struggling a lot these days. As far as I understand, a pawn shop has two major revenue streams.  One is from people like me, looking for a sweet deal on just about anything. The other is from people who need cash and take their goodies to the store to pawn them.  Its an interesting model. When the economy does bad, and more people need quick cash, pawn shops tend to do well. He then said: I dont care who is in office next, its going to be at least three more years of really bad economy. Now, hes no professional economist.  But, he has a finger on the pulse of the economy. Interesting what are YOU doing to prepare? What Im doing is this (personally and from a business perspective): figuring out my income streams, working hard on my networking, branding and relationships, and figuring out my expenses I dont think you can stick your head in the sand on this one years of recovery will be too much for many people to weather.  But you can weather it. Bad News from a Pawn Shop Owner Three More Bad Years (at least) I was at a pawn shop this week looking for a couple of movies I want.  Ive been in that shop a few dozen times and the owner and I know eachother. I asked him how business was and he said something like: Its going really well.  People are struggling a lot these days. As far as I understand, a pawn shop has two major revenue streams.  One is from people like me, looking for a sweet deal on just about anything. The other is from people who need cash and take their goodies to the store to pawn them.  Its an interesting model. When the economy does bad, and more people need quick cash, pawn shops tend to do well. He then said: I dont care who is in office next, its going to be at least three more years of really bad economy. Now, hes no professional economist.  But, he has a finger on the pulse of the economy. Interesting what are YOU doing to prepare? What Im doing is this (personally and from a business perspective): figuring out my income streams, working hard on my networking, branding and relationships, and figuring out my expenses I dont think you can stick your head in the sand on this one years of recovery will be too much for many people to weather.  But you can weather it.