Don’t wait without any action as hard economic times looming
How you can benefit from economic recessions:
- You’re small business and more flexible – last crisis showed that high quality SME’s won customers from big players.
- Do lot of e-commerce as people have less money, they will be looking for cheaper solutions from internet.
- Do lot of internet marketing as it’s most cost effective.
- Meet less, use more Skype and remote desktop – it will save lot of time and money. People are less emotional and more practical and money orientated when hard times kick in:)
- Take a hard look at expenses – what’s the real ROI (return of investment) on each expense?
- Cut off the nonsense from your products/services as you can bet that others will also really look at their expenses and will buy only from businesses that deliver REAL VALUE!
Recession is actually making the air fresher in business world. All those non-valuable competitors and useless prodcts/services will disappear and you can buy high quality labor with reasonable price and keep people happy:)