Many business people are now scratching their heads in order to survive as the recession is gaining strength. The prognosis given by the governments of EU states and the latest promises given by Barack Obama , perhaps will settle minds of some, but not all. Crude business people know well how to survive the economic crisis, though some will unavoidably crash too. I believe that this down - turn is part of the life cycle. We all know the saying : " What goes round, comes round", don`t we?? And it is here, only this time the "wheel" is turning round much slower than before, as we are now in to a third year of the economic crisis, with forecasts of another year at least.
Small and medium size businesses will suffer further , unless they change their strategies, directions or approach. Large companies, have more options available.They pay less taxes, have more financial resources for investment and enjoy big tax reductions. It is also true that some will go bust , but those will be predominantly cosmetic changes to their strategies.
What ever , the biggest question for all business is : How to do business in the recession? In order to reply to this question I would like to share with you a very handy article written by Rick Erling , President of CXO Group. Rick gives a number of clues as to how to stay in business.
Before Ricks article, I would also like to turn your attention to another great option of staying healthy in business during recession. That is the world`s largest Business Networking Organization , BNI (Business Network International). Generated over $3 billion worth of referrals in over 49 countries and still growing strong. BNI is a referral organization that has a very strong activity in business education. BNI members not only grow their businesses but also get up to date education, information and because its members are helping each other , it is growing constantly. Further information on how to join BNI can be found on http://bni.eu. And now the article. 10 Tips To Grow Your Business In a Recession
If you are in the area of Bury and Manchester, UK, and wish to visit a BNI group, please contact me direct:
Maria Kompanowski
e-mail: kompanowski@aol.com
Small and medium size businesses will suffer further , unless they change their strategies, directions or approach. Large companies, have more options available.They pay less taxes, have more financial resources for investment and enjoy big tax reductions. It is also true that some will go bust , but those will be predominantly cosmetic changes to their strategies.
What ever , the biggest question for all business is : How to do business in the recession? In order to reply to this question I would like to share with you a very handy article written by Rick Erling , President of CXO Group. Rick gives a number of clues as to how to stay in business.
Before Ricks article, I would also like to turn your attention to another great option of staying healthy in business during recession. That is the world`s largest Business Networking Organization , BNI (Business Network International). Generated over $3 billion worth of referrals in over 49 countries and still growing strong. BNI is a referral organization that has a very strong activity in business education. BNI members not only grow their businesses but also get up to date education, information and because its members are helping each other , it is growing constantly. Further information on how to join BNI can be found on http://bni.eu. And now the article. 10 Tips To Grow Your Business In a Recession
If you are in the area of Bury and Manchester, UK, and wish to visit a BNI group, please contact me direct:
Maria Kompanowski
e-mail: kompanowski@aol.com
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