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What can match the nostalgic days of our childhood? What if one gets another chance to relive these days? Take a breath! Old age is one such chance. Our team could not help but remember the words of Gloria Steinem - "Dying seems less sad than having lived too little." Thanks to technological breakthroughs in healthcare, our elders have the precious extra years to live. An added tenure of life also poses challenges to our public health system. This week, our team met these challenges head-on.
Before that, a closer look at the performance of our economy.

Construction Spending
The spending on construction in October increased 0.9% from the revised August estimate. The estimate was revised from $913.5 billion to $922.0 billion. Public construction led private construction, resulting in an overall gain of 1.2% above the spending witnessed in September.

Consumer Credit
The outstanding consumer credit increased by $1 billion in October. This incremental rise is further to the $17 billion credits witnessed in September. The revolving credit has seen a gain of 3.6%, suggesting the willingness of customers to take on more credit card debt. However, non-revolving credit has fallen by a marginal level, after seeing an increase of 12.8% in September.

Wishing you merry Christmas,

Editor
Marketspeek
Executive Editor - Dr. Sharon Livingston
Editor - Vijay

Analysis

Towards a Healthy Ageing Future

• The house calls made by physicians in the U.S are increasing. The number of elders in the neighborhood has made this erstwhile unattractive arm of medical practice to hog the limelight in recent times. Home care services and ambulatory healthcare are also set to benefit due to the growing number of elders. Healthcare providers can devise marketing plans focusing on this segment.

• The average life expectancy in U.S is an average of 17.9 years (19.2 years for females and 16.3 years for males) after their 65th birthday. The insurance and the social security system would take note of this aspect while chalking out actuarial plans.

• In a span of 30 years, the percentage of elders who had completed high school rose from 28% to 70%. But, labor force participation of men aged 65 and over has decreased. Chronic ailments are found to be the reason behind this trend. Systematic treatment of such ailments can unlock the latent labor force of the economy.

Kathy's Nails

Success at “fingertips”

Hanh Nguyen’s parents and siblings had immigrated from Vietnam to the U.S, years before she did. A talented manicurist in Vietnam, Hanh found herself overwhelmed with the new surroundings, lifestyle and above all the brass tacks of learning an alien language. Her dream of setting up her own nail salon seemed to have become a remote dream.

Hanh however was made of sterner stuff and was determined not to let anything come between her and her dreams. First, she identified that her major problem was her lack of communication skills. So, she signed up with an English tutor who taught her the language, focusing on aspects of business conversation.

Hanh and her family had always been diligent workers and this ability gave them confidence to skip the conventional loan or the grant route. Hanh only had to find an apt location to start.

Local consulting firms helped Hanh prepare a business plan, evaluate potential locations and finalize terms of lease. Hanh never ceased to develop her language. Over time, she grew confident with English – both to understand and converse. Within few months, she signed the lease for Kathy’s Nails - her nail saloon.

Hanh has always been open for suggestions. Her openness resulted in setting up an air filtration system and an implement box to ensure better hygiene for the customers.

Kathy’s Nails was opened on February 14, 2002. In six months, her salon served more than 4,000 customers, and new clients sought appointments each week. This success forced Hanh to expand and she opened a branch, managed by her sister. But nothing would stop Hanh from trying and she is now working on plans to keep Kathy’s Nails growing and profitable.

For further reading:

http://www.score.org/success_kathys_nails.html

http://www.brookingssd.com/business.php?businessid=1647&page=bus

http://www.thecityofsanfrancisco.com/manicure/

http://www.geocities.com/sunsetstrip/alley/5179/

http://www.switchboard.com/

http://www.partypop.com/Categories/Make_up_Artists/IN_Evansville.htm

Opel began as a sewing machine manufacturing company, launched by Adam in 1862. Later the company rolled out bicycles and in 1929 Opel joined GM’s worldwide family, becoming a wholly-owned subsidiary of General Motors.

24th of December 1889: Daniel Stover & William Hance patented the bicycle with back pedal brake.

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Disclaimer
The information presented in this News1etter is not based on any primary research undertaken exclusively for this purpose; it is based on secondary sources of information, as current as the researchers were able to collect from the sources. However, should any specific client need up-to-date information on this (or any other) segment, they may commission Executive Solutions to do such research.

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