For you, is this recession worse than the last one?

For me, personally, it’s not as bad as the last one (eg, the stock / dot com crash of 2000)…why isn’t it as bad?

Well, for the business we’re in (nope, not funadvice - the one that pays the bills) there are a lot of companies, both start up and traditional, large house hold names that realize “the internet makes sense”. Thus, they are cutting back on some types of advertising expenses, and increasing others.

The area where the money is shifting to is where we are at, so, it’s treating us well. I don’t have to explain the why or how things work…everybody we talk to knows why they are talking to me, in advance. So the only question is us or another similar firm. Once I finish explaining how we’re unique, it’s the rare company that says they’re going to hire somebody else.

My first consulting business went under about 6 months after I was laid off in the last recession…currently, we’re doing better than we were at this time, last year, and I don’t expect it to change.

People I know though, if they were in real estate - I had a few friends who went through several companies going bankrupt, losing job after job & finally bailing to a new industry altogether.

Locally, too, many real estate offices have closed, real estate print publications have gone away, etc…and as a result, some parts of the local economy aren’t as good, eg, aside from real estate, we’ve seen several furniture stores up & go, and other “fringe” businesses close, like an ice cream parlor…eg, people are definitely cutting back on things.