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How Can A Business Really Grow in A Bad Economy

I believe this is the BEST time to launch and grow a business. If you are interested in my beliefs why, this is a link (since there is way too much to write).
But here`s my question. I have received many, many emails telling me this is the worst time to grow a business. That we all should "hunker down." I wanted to get the thoughts of StartupNation. Why or why not - is this the best time to be growing / launching an entrepreneurial endeavor?
But here`s my question. I have received many, many emails telling me this is the worst time to grow a business. That we all should "hunker down." I wanted to get the thoughts of StartupNation. Why or why not - is this the best time to be growing / launching an entrepreneurial endeavor?
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Comments
I am just launching my slow cooker. Things might be slow at first but I am optomistic that I will thrive.
I think you may be overlooking a product line: Clear Templates.
If it works well for you it will work well for other folks.SilenceDogood11/4/2008 6:56 AM
Your competitors are focused on cutting costs instead of growing their business
It’s easier to adjust a small business and its strategy
Advertising costs are typical lower now (I just got 50% discount from a newspaper)
Personally I’ve got some mixed signals lately. I’m part-owner of an IT reseller/consulting business, and I do have experienced customers asking for the cheapest products in order to limit their expenses.
But more and more customers are asking for the high end products because they’re seeing their purchase as a long-term investment, where they were more likely to make impulse purchases one year ago. Instead of buying cheap products and through them out when they fails, the customers are buying quality products with longer life cycles because they believe that will give the lowest TCO over time.
If possible, lower your prices on slow selling items and services. This will appeal to those with limited funds.
Special offers, deals, free items will help you beat your competitors.
My service will help you offer more, increase sales without getting hurt,
A business need not slow down, when economy slows down. A business can grow at any and every point of time, even in this Bad Economy, but at a slower pace. The followings are a must for any business to grow -
a) Improving client loyalty
b) Loyalty and Satisfaction: Different Standard…. Different Results
c) Measuring loyality
d) Getting good but slow profit and getting rid of bad profit
e) Implement the change
f) Believe in itby following these, your competitors are automatically taken care of and eventhough slow, but you can make steady growth in the business. All the best.
passion094/7/2009 3:15 AM
Similarly, I would suggest opportunity is not a constant in good/bad times. Having studied the WalMart story quite a bit, it is hard to imagine him having trouble getting loans from a bank - hard to imagine him losing his lease and having to start over in another town. But he did.
Think winners fight to find the small pieces of opportunity under every business rock - marketing, sales, operations, etc. The marketing, operations, and delivery systems can always be sharpened. The fact that someone created a hugely successful pitch for a rock in a box and sold millions suggests creativity can be used with ANY product/service in ANY time.
I suggest opportunity is MOST dependent on you and your team.
BizOptimizer4/14/2009 5:52 PM
to work a little harder and be smart about what market you enter/what business
you start. I just designed a website for a business that takes abandoned homes
that have been foreclosed on, where the owner was forced out by the bank, and
gets them ready to sell. They dispose of the trash and belongings left behind,
fixing what needs fixed. There was a need for this type of business, he took advantage and now he is
making a lot of money.
JenniferKim2009-4-29 19:3:59
Good luck on your business! I think your profile said you live in Pasadena. I live in Pasadena too. Small world, huh?
http://legitsmallbusiness.com/reasons-f ... s-failure/
judi online
Some businesses that have done nicely in the past several years are:
Many folks seem to feel that the surge in social networking has more to do with a large number of under employed and unemployed but doubt there's been any studies done to prove/disprove that.