Pleased and smug to report I am sold out for my talk today http://www.londoninvestorshow.com/investment-workshops
Dear Financial Voice Reader,
As I mentioned last week, I recently gave a talk at the Women Empowered event in London. So I am writing this mini-series for the female entrepreneur. This is the finale in the series.
" I started The Body Shop in 1976 simply to create a livelihood for myself and my two daughters, while my husband, Gordon, was trekking across the Americas. I had no training or experience and my only business acumen was Gordon’s advice to take sales of £300 a week. Nobody talks about entrepreneurship as survival, but that’s exactly what it is and what nurtures creative thinking. Running that first shop taught me business is not financial science; it’s about trading: buying and selling." – Anita Roddick
"You got a dream, you gotta protect it. People can’t do something themselves, they want to tell you that you can’t do it. You want something? Go get it. Period." The Pursuit of Happyness, 2006
Issue: Women tended to score lower on hard skills like financial planning than softer skills like relationship building
Solution: Any weakness should not be seen as an obstacle but an opportunity to learn new skills. There are resources which teach all this and show best examples. Copying those is a good start. For instance I have uploaded some on my blog of business plans and financial plans so you can see what good ones should look like. www.thedealdaddy.me
"If you are successful, it is because somewhere, sometime, someone gave you a life or an idea that started you in the right direction. Remember also that you are indebted to life until you help some less fortunate person, just as you were helped." (Valedictory Speech, Ursuline Academy, 1982.) Belinda Gates
Alpesh Patel, author, ‘Our Turn’. For the first 10 women to ‘like’ Women Empowered on Facebook and who attended my talk at Women Empowered event – I’ll send you a free signed copy of my book Our Turn for Women Entrepreneurs. Just private message a mailing address to Reena Ranger at Women Empowered on
You can catch my views on CNBC Street Signs out of NYC today at 2:10 ET.
Talking about China GDP on BBC
Research tells us it was bad luck…so policy makers need to get over trying to interfere…sometimes it just happens…
To the user of Alpesh Patel Special Edition of Sharescope who emailed Sharescope to say ‘As a matter of praise, selections which I would not have made without the support of his system have more than paid for the additional service and you can pass that onto Alpesh with my compliments.’ http://www.sharescope.co.uk/alpesh
Good simple analysis for non-ecomists from Bloomberg
To diagnose the sick U.S. economy and find the elements driving the deterioration, one must look at the composition
of the aggregate demand equation:
GDP = C + I + G + (X-M), where Consumption (70 percent), Investment (13 percent), Government spending (20 percent), and
Net exports (~ -3 percent).
In the U.S., the consumer is king and this king has lost a great deal of his fortune. Real disposable personal incomes
– incomes adjusted for taxes and inflation – fell 0.3 percent in August. Real spending increased just 0.1 percent in August.
Consumers are pulling back on many discretionary categories.
The best representation of business investment is changes in the shipments of nondefense capital goods excluding
aircraft, which tumbled 0.9 percent in August. On a year-over-year basis, new orders are collapsing, signaling recession.
Government spending, which comprised nearly 20 percent of GDP in the second quarter, has contracted in each of the last
eight quarters, equaling the prior record for the longest string of declines registered in 1953-55.
With the fiscal cliff looming for 2013, there’s a very good chance this contraction continues throughout next year.
In the past, trade has been quite beneficial to the overall economic performance, especially during the housing crisis. Trade is now only adding 0.2 percent to GDP each quarter.
The sick U.S. economy is getting sicker.
Currently, Federal Reserve monetary policy is the only treatment in town and their medicine cabinet is running empty. Meanwhile, fiscal policy makers appear
apathetic as government spending is plunging at a record pace and likely to worsen. With growth this slow, it is unreasonable to expect any significant
pace of job creation.