[Diverse]

Well said James!

[RedEvo]

It's hilarious listening to and reading the credit crunch debate. So many so called experts getting it all soooooooo wrong when so many ordinary people (whatever that means) could see it a mile off.

d

[Mike]

I still think the credit crunch is self feeding in that the media are scaring us deeper into it. It was always on the cards, but i think the media like to whip up frenzies

[RedEvo]

Originally Posted by Mike

I still think the credit crunch is self feeding in that the media are scaring us deeper into it. It was always on the cards, but i think the media like to whip up frenzies

Only up to a point IMHO. I agree that just as they whipped up the "buy a pile of bricks, make a million" nonsense, they are now rubbing their hands as the doom mongers, however I think it's a mess of our own making. Not the government, us. That's my view.

d

[Mike]

Oh i agree with you there, Its just annoying seeing news stories leading with things like

"Shock fall in the rate of house price increases" which when written down is not confusing, but heard on the radio as a headline you think eek house price decline, then you panic.....

At the end of the day people need to stop wanting for everything, and live to their means, something I myself have just got to grips with

[RedEvo]

Originally Posted by Mike

Oh i agree with you there, Its just annoying seeing news stories leading with things like

"Shock fall in the rate of house price increases" which when written down is not confusing, but heard on the radio as a headline you think eek house price decline, then you panic.....

At the end of the day people need to stop wanting for everything, and live to their means, something I myself have just got to grips with

Agreed. For a while there I used to think I was a failure. I drive an old car, I don't take expensive holidays etc. I used to think, how come so many others could afford all this stuff, thing is, they couldn't

The other day someone being interviewed in a street for a radio station was bemoaning the government and declaring they needed to do something about the debt everyone was in - or words to that effect.

There's a whole generation who have yet to experience what happens when the debt collector comes a calling.

Although I've said the government are not to blame perhaps they could have throttled reckless lending and borrowing. Instead they opted for raking in billions in stamp duty.

d

[ideaking]

Do whatever u can to cut expenses (down) & increase revenue (up), profit (up), cash flow (up).

[admagic]

A couple of the ideas here may help.....

Recession busting challenge!- 10% more profit this week

I would appreciate if a mod could sticky that for a period, since it contains a serious message for any business

[Sheffy]

I would also add "look at your buying". The buying is just as important as the selling. Thhis is the time to get some really good deals from your suppliers. Also I would say, don't be tempted to cut corners in the quality of the service you offer just to save money.

[Dymo King]

Originally Posted by Manaquin

on a futher note of recessions, what markets are typically hit the hardest

maybe a bit simplistic, but usually the ones that are selling stuff people don't really need... mocha frappuccino anyone?