Some say that greed caused the markets to over price assets. Greed causes you to take on too much risk and ignore rational strategy and conservative business models.
Fear is actually stronger than both rational thought and greed. Fear leads to undervaluation and emotional transactions.
How will the current market madness imapact your business? Who knows? The only thing that you can do is take a realistic assessment of your strengths, weaknesses, opportunities, and threats.
If you have extra time because sales have dropped off then take this as an opportunity to work ON your business! Remember that successful businesses can start and/or grow during periods of economic downturn. You just need to focus on the needs of your customers and solving their problems.
