http://getluky.net/2008/10/07/a-crisis-in-trust/ Internet Handyman Fri, 30 Jul 2010 00:14:46 +0000 hourly 1 http://wordpress.org/?v=3.0 http://getluky.net/2008/10/07/a-crisis-in-trust/comment-page-1/#comment-310571 Wendy Thu, 09 Oct 2008 06:18:57 +0000 http://getluky.net/?p=326#comment-310571 <p>Trust,integrity, and honesty used to be the hallmarks of men and women in whom we identified as our heroes. As any value system or commodity has its shining pinnacle of highest purpose or newness, it must swing like a pendulum to it's antithesis before reaching equilibrium once more. A small business can have a great marketing plan, capital, capable business acumen , and still fail if it fails to recognize some critical success factors. You must be selling a product that is considered of value to your customers at a fair price and you must give great service . Repeat customers and word of mouth referrals always win over marketing plans. I would consider several issues in addition to trust to pull us out of this morass. 1. What about a stock market holiday so everyone can catch their breath. I mean across the world for a 24 hour period unilaterally. 2.Then, I would consider what solutions that do not involve money might help the situation. One suggestion I heard of involved bartering properties between two sellers. How about banks bartering properties between two potential foreclosures? Many empty nest families are trying to downsize and many expanding families are trying to get more/less room and end up with two mortgages and get into trouble. How about a lottery where households that could handle a smaller mortgage on one house could bid on another house based on their equity or pre-approval rating? When Baltimore mayor Shaefer in the 70's was trying to develop old property downtown, he sold abandoned houses for $1 with the stipulation that they had to be lived in by the buyer within one year and had to be rehabbed and lived in for , say, 5 years before buyer received title to the property. We need creative people to start thinking instead of throwing money at problems to get us out of this. I know you are out there! Put on your thinking caps!</p> Trust,integrity, and honesty used to be the hallmarks of men and women in whom we identified as our heroes. As any value system or commodity has its shining pinnacle of highest purpose or newness, it must swing like a pendulum to it’s antithesis before reaching equilibrium once more. A small business can have a great marketing plan, capital, capable business acumen , and still fail if it fails to recognize some critical success factors. You must be selling a product that is considered of value to your customers at a fair price and you must give great service . Repeat customers and word of mouth referrals always win over marketing plans. I would consider several issues in addition to trust to pull us out of this morass. 1. What about a stock market holiday so everyone can catch their breath. I mean across the world for a 24 hour period unilaterally. 2.Then, I would consider what solutions that do not involve money might help the situation. One suggestion I heard of involved bartering properties between two sellers. How about banks bartering properties between two potential foreclosures? Many empty nest families are trying to downsize and many expanding families are trying to get more/less room and end up with two mortgages and get into trouble. How about a lottery where households that could handle a smaller mortgage on one house could bid on another house based on their equity or pre-approval rating? When Baltimore mayor Shaefer in the 70′s was trying to develop old property downtown, he sold abandoned houses for $1 with the stipulation that they had to be lived in by the buyer within one year and had to be rehabbed and lived in for , say, 5 years before buyer received title to the property. We need creative people to start thinking instead of throwing money at problems to get us out of this. I know you are out there! Put on your thinking caps!

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