Comments on: In Troubled Economic Times, Be Smart & Be Bold

By: Houston Laser Skin Tightening

Houston Laser Skin Tightening — Wed, 03 Mar 2010 18:30:53 +0000

Very useful article tough economic times call for bold measures and opportunities that reflect the market conditions. Very True and Thanks for sharing

By: samson

samson — Wed, 24 Feb 2010 11:57:50 +0000

Great posts…….as stated and in my own words, I will say that this is indeed a wake up call for all Americans.
In the long range, this will teach us the core values of money.It is time to stop paying the piper and start taking care of ourselves first.

Time for Back to Basics.

By: koxp

koxp — Fri, 05 Feb 2010 12:52:56 +0000

Even if the captain of a big liner sees the iceberg on the horizon, they’re powerless to avoid it, whereas the speedboat can weave in and out and make second-by-second adjustments with ease.

By: Msn Nicks

Msn Nicks — Thu, 28 Jan 2010 11:51:11 +0000

is great to hear like thoughts from others. We should emerge from this whole mess stronger and more creative than ever before. The media thrives on bad news, so don’t pay attention. Focus on what is good and push your business full steam ahead.

By: Aparelho Ortodontico

Aparelho Ortodontico — Sat, 23 Jan 2010 18:08:37 +0000

In fact though times could come in hand if you can reach the hidden possibilities and explore them to your benefit. Big business comes from great fidings and actually for internet entepreneurs economic problems doesn’t exist if they are smart enough

By: Susie

Susie — Tue, 19 Jan 2010 20:43:43 +0000

Trade shows are viable, they are extremely valuable to create a network and build relationships. There are no other places that you can come face to face with so many decision makers.

I have seen the decline with some of them, but also the rise recently in attendance. I think smaller companies began to take advantage of trade shows during the last year, when some of the larger companies decided they were not exhibiting.

By: Janice | Jobs in Abu Dhabi

Janice | Jobs in Abu Dhabi — Mon, 07 Dec 2009 10:19:03 +0000

You have given some nice tips in this article. Keep up the good work. Even I agree that during the economic downturn, we have some excellent opportunities. We have to look for them.

By: Long Beach CPA

Long Beach CPA — Tue, 10 Nov 2009 23:00:45 +0000

Very informative article. I am trying to use the economy to find business as I just started my Long Beach CPA firm. My initial thought was to offer reduced rates and try to steal business. Not sure which way to go.
Thanks,

By: Sohbet

Sohbet — Mon, 26 Oct 2009 21:42:17 +0000

With all the doom and gloom forecast, it is important to remember that your business can be successful through focusing on your niche. We have had to trim back on certain areas of online advertising, but are looking to expand in our local market to compensate.

By: Virtual Assistant At Work

Virtual Assistant At Work — Fri, 04 Sep 2009 19:05:52 +0000

Personally I think that the economy, globally-speaking, is actually in a far worse state than the even the biggest media scaremongers are willing to admit. The phrase I hear more and more is about “getting the economy back on track” when it’s the track that’s actually the problem. If we don’t bring the track up to code we’re only going to derail again, perhaps even worse than before, because we’re still rattling along on a rail network built in the age of steam power.

You do raise some interesting points however, like about small versus big business. Big businesses have much more invested and therefore far more to loose. The sheer scale of large corporations, and the various layers therein, mean that there are too many people involved in the decision making process and so they cannot always adapt quickly enough.

I like to use the analogy of the ocean liner versus the speedboat, the bulky ocean liner can take an hour to turn around whereas a speedboat can do it in under a second. This is where small businesses have the advantage.

Even if the captain of a big liner sees the iceberg on the horizon, they’re powerless to avoid it, whereas the speedboat can weave in and out and make second-by-second adjustments with ease.

An entrepreneur is a risk taker, but in these treacherous waters, I feel it is riskier to be an employed passenger on a large ship (with only so many lifeboats) than to be steering your own small craft.

Yes, your smaller vessel is more vulnerable to the tides and ultimately the fate of your vessel lays on your shoulders alone, but a good captain is always able to make fast adjustments. It isn’t so much a question of always knowing which direction to take, because, nobody, no matter how successful, is right 100% of the time. The real trick, therefore, is to be able to realise when you’ve made a mistake and adjust your heading early on.

In calm seas mistakes can be forgiven, but right now the seas are anything but calm. Those who are blinded to their own mistakes, by greed or vanity or in some cases both, those who fail to take into account the changing needs of their customers, changes in the economy or the latest technological developments are going to end up shipwrecked.

Anyways – enjoyed reading your post.
And I think that’s enough transportation analogies for one night.

By: Uzay Sitesi

Uzay Sitesi — Tue, 25 Aug 2009 18:40:37 +0000

Thanks for the upbeat post! With all the doom and gloom forecast, it is important to remember that your business can be successful through focusing on yourspecial offers.

By: Tom, Trade Displays

Tom, Trade Displays — Mon, 10 Aug 2009 23:26:44 +0000

This is a nice piece of advice. This is a great positive post, and I have to agree. Thanks for the uplifting thoughts to inspire us entrepreneurs.

By: iso

iso — Mon, 03 Aug 2009 12:23:59 +0000

My strategy is to work 18 hours and sleep 6 hours.

By: Link Degisimi

Link Degisimi — Sun, 26 Jul 2009 13:16:51 +0000

It is great to hear like thoughts from others. We should emerge from this whole mess stronger and more creative than ever before. The media thrives on bad news, so don’t pay attention. Focus on what is good and push your business full steam ahead.

By: müzik

müzik — Thu, 02 Jul 2009 07:37:27 +0000

I think in these times, the best way to survive for small businesses are contacting old, satisfied customers with Thanks for the upbeat post! With all the doom and gloom forecast, it is important to remember that your business can be successful through focusing on yourspecial offers.

By: Success with Cash Flow Notes

Success with Cash Flow Notes — Sat, 27 Jun 2009 13:51:35 +0000

Tuff economic times call for bold measures and opportunities that reflect the market conditions. A real estate becomes harder to finance sellers are having to participate in the transaction creating new investment opportunities for buyers of cash flow notes.

By: John Hammond

John Hammond — Sat, 27 Jun 2009 12:40:03 +0000

I think in these times, the best way to survive for small businesses are contacting old, satisfied customers with special offers. You may prompt them to finally get that item they’ve never got round to getting!

By: things to do in orlando

things to do in orlando — Thu, 25 Jun 2009 15:01:16 +0000

We can make money in good time or bad. It doesn’t matter. But I personally prefer Good. Times are hard for too many people.
I am so thankful. We started our business several years ago to control our own destiny. Thank you for giving me a great place to express our feelings.

By: Luc Célibataire Nantes

Luc Célibataire Nantes — Wed, 24 Jun 2009 09:43:25 +0000

Really nice articlem you are totally right. It is true that there is crisis but we don’t have to panic. the best way is too stay calm and continue your business waiting for better days.

By: greg bowen

greg bowen — Tue, 23 Jun 2009 17:36:39 +0000

At the outset of the recession, I saw many clients spending money to get ahead of the curve. Not so much anymore. I have also had to cut my prices dramatically – I tried not to, but just lost too many jobs to the competition,