Question:
I read the headlines…everything seems to be “the worst since the great depression.” 
What defines a depression?

Answer: A depression is a recession on steroids. It is often defined as a drop in consumption by 10% or more. Others simply define it as a severe and prolonged recession with weak economic productivity, high unemployment and falling prices.
The Great Depression lasted nearly 4 years.

Question:
Is this a good time to start a business?

Answer:
This is the best of times and the worst of times. Some familiar success stories were created in bad economic times, names like Microsoft, HP, and Disney. But some businesses armed with great ideas and an otherwise winning plan never get off the ground. If you have a superior idea that is filling a need in this environment and beyond, and you have access to capital, this can be a great time to start a business. You have fewer competitors and you have access to a much stronger labor pool because of the high employment. You are also forced to be on the top of your game from your lenders, vendors and customers.

Question:
I got laid off and have a few months severance, because the job market is so bad, should I go back to school instead of looking for work right now.

Answer: Before you decide, you need to make sure you can afford it and have a firm grip on what skills will you gain. Bottom-line—what is the return on your investment? Here are 5 things to think about.

1. How long is the commitment to finish the program?
2. How will pay the bills during the program?
3. Will you have healthcare coverage?
4. What will the program give you that you don’t have now?
5. Is that skill desirable in this job market and in years to come?

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