The way some people are talking about the economy, you might as well close down your business right now.
Don't believe them for one second.
Take the long view, this wont last. Remember that a changing economy is part of the business cycle and you need to plan for it. Remember that Hewlet Packard was started during the depression and Microsoft started during the recession of 1975. In terms of starting or staying in business, now is the time to hone your skills and adopt new skills. Make sure you have a vision and stay focussed on it. Avoid the nay sayers. Stay positive and stay focused.
Take advantage of a down economy, what can you company do now that will increase revenue. My mom always says "It is not an ill wind that does not blow someone good", just make sure you are the one that is getting the good out of a bad situation.
Now is not the time to take for granted that the numbers are all good. Make sure your system is giving you daily data on your situation and adjust accordingly. If the cost of your supplies or products are going up or down, make sure that you can quickly adjust your sale price of your goods accordingly.
A company can grow and prosper in a down economy, but you will need to work a little harder and a little smarter.
Don't believe them for one second.
Take the long view, this wont last. Remember that a changing economy is part of the business cycle and you need to plan for it. Remember that Hewlet Packard was started during the depression and Microsoft started during the recession of 1975. In terms of starting or staying in business, now is the time to hone your skills and adopt new skills. Make sure you have a vision and stay focussed on it. Avoid the nay sayers. Stay positive and stay focused.
Take advantage of a down economy, what can you company do now that will increase revenue. My mom always says "It is not an ill wind that does not blow someone good", just make sure you are the one that is getting the good out of a bad situation.
Now is not the time to take for granted that the numbers are all good. Make sure your system is giving you daily data on your situation and adjust accordingly. If the cost of your supplies or products are going up or down, make sure that you can quickly adjust your sale price of your goods accordingly.
A company can grow and prosper in a down economy, but you will need to work a little harder and a little smarter.
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