Recession Help!

Sheffy · #41 (**permalink**) 05-09-2008, 06:32

Isn't that what we have to do in business all the time. Try to see any writing that is on the wall and be one jump ahead?

who_me · #42 (**permalink**) 08-09-2008, 16:05

Quote:

Originally Posted by Dymo King

Just 'getting on with' running your business on a day to day basis, without planning for the future at all seems like a recipe for disaster. While you wondering where all your customers have 'suddenly and unexpectedly' gone, your forward looking and more nimble competitors will probably have already taken action and be at least one step ahead of you...

You’ve taken my quote out of context,

Quote:

Originally Posted by Dymo King

…. without planning for the future...

These are your words not mine… since when has ‘getting on with running your businesses’ meant not looking to the future….

Quote:

Originally Posted by Who_Me

…The best thing you can do is stop buying into the hype of half wits who think they have the miracle ability of reading the future and get on with running your business…

But lets face it if someone thinks that we are in a recession when we are not, then clearly economics isn’t their forte, so I would argue that if you don’t understand economics, how can you plan for the changing market, consequently if you spent less time worrying about something you don’t understand and spent that time focusing on your business then it would be logical to argue that you’re time would be better spent:

Besides my half wit comment was more aimed at the media who, as usual, are after ‘the story’ and failing to give a balanced and unbiased view of the actual situation.

I’d equally argue that there are a lot of well intentioned advises on the economy, much of the advice contradicts…They all can’t be right.

So I stand by what I have said, every market reacts differently, you can’t ask for a blanket answer for question that should’ve been company/market specific.

You don’t need to second guess the economy, it works in perfect balance, and paying more attention to internal changes to your business and making best use management tools such a trend analysis will serve you and your business planning better than speculating… especially if you don’t understand economics.

I believe that many of us that post on these forums have a duty of care to ensure that those looking for answers receive informed and supported advice… consequently personal opinion and suggestion based on speculation should be clearly labeled as potentially harmful to your business.

Dymo King · #43 (**permalink**) 08-09-2008, 16:23

Quote:

Originally Posted by who_me

You’ve taken my quote out of context

Appologies if I misunderstood your post.

who_me · #44 (**permalink**) 09-09-2008, 16:13

Quote:

Originally Posted by Dymo King

Appologies if I misunderstood your post.

Blimmey no, it was my fault, I should've made myself clearer, sorry

Peter W · #45 (**permalink**) 09-09-2008, 16:30

I've recently written a blog post on how to prepare a small business for a recession. It is a bit too long to post here, but you can read it at http://www.brighton-accountants.com/...ive-recession/

CharlieJones · #46 (**permalink**) 10-09-2008, 23:46

I don't see anything wrong with bold letters because its easier to read when I lean back in the chair.

joshwc · #47 (**permalink**) 19-09-2008, 11:34

My simplest advice on weathering a recession would be dont stop talking to people! Don't retreat under a rock and hope it will all blow over - keep in constant touch with anyone who could help your business weather the storm through referral or dierct work - contacts, existing clients, former clients, leads, enquiries, prospects etc.

Money Saver · #48 (**permalink**) 04-10-2008, 12:07

look where you can cut some costs without compromising service - speak with the money saver!! seriously though opportunity out of adversity - evryone is looking to cut costs, so get some more customers. Can you provider a better service for a reduced cost than they are currently receiving - never cut back on marketing!

MikeEarn · #49 (**permalink**) 05-10-2008, 20:29

Try looking at this post:

http://adage.com/smallagency/post?article_id=131400

andyftg · #50 (**permalink**) 07-10-2008, 17:24

Just picked up on original question. Totally unaware of business you are in, but a thought? Consider taking on an additional income producing business that is working well in the current climate - can be fitted around any business or occupation. If you would like to know more I can let you know what we are up to. Wing me an email.

Andy