BOSTON, Oct. 21 (UPI) -- The meltdown in the U.S. financial sector is an opportunity for niche businesses designed to squeeze profits out of other people's hard luck.
New England Divorce Solutions owners Tim McNamara and Tracy Manzi -- a husband and wife team -- unveiled a flat rate option for their financial consulting business that helps divorcing couples divide their portfolios, The Boston Globe reported Tuesday.
"The uncertainty with the economy is really testing families. They've taken all the equity out of their homes and feel they can't afford a divorce," McNamara said.
Consulting firms that help struggling businesses could call a financial meltdown a mixed blessing the Globe said. Software firm, OpenPages Inc., which specializes in helping companies comply with government regulations would seem to be positioned well with financial regulators working overtime in Washington these days.
"Frankly, we're positioned better than anyone because this crisis is related to the failure to manage risk," Chief Executive Officer Mike Duffy told the newspaper.
"You have to survive this downturn making sure you're as cost-efficient as you can be," said Bob Allard, president of Extension Engine, a North Andover, Mass., company that helps other companies outsource software development.
"This is a lever you can use," Allard said to the Globe.
