Many people are fearful of starting a business during a recession.
An Illinois non-profit named Springfield Arc Inc.
The recession has spawned a new generation of self-employed microbusiness entrepreneurs.
Business is now exposed to continuous turbulence, not occasional turbulence.
It’s not all doom and gloom in the U.S.
Mistake #2: Lowering your prices across the board.
I have had to preside over cutbacks at a number of companies — including Quest Diagnostics and Masonite International — and have found time and again that going the extra yard to help employees, customers, suppliers, and dealers through the transition is not only the right thing to do, it’s good business.
While recent bad news rivals any seen since the 1930s, it’s unlikely that this contraction will be quite that bad.
Apparently, last September the economy was on the brink of collapse, literally within a couple of hours.