PowerHomeBiz.com: Many people are fearful of starting a business during a recession. Times are tough, and people are curbing their spending, which makes the idea of starting a business in a downturn economy even more daunting. Here are some types of home-based businesses that thrive during an economic downturns and present opportunities for home-based entrepreneurs: […]
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State and local budget crunches mean government contractors will have to wait longer to get paid, the WSJ‘s Marshall Eckblad reports. An Illinois non-profit named Springfield Arc Inc. is doing the people’s work, serving the mentally disabled. Trouble is, the people are six months late in paying. The state of Illinois owes the Springfield-based provider
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photo credit: » Zitona « [ UK ] Over the past couple of years during our recession we have seen over 83,000 businesses declare bankruptcy as a result of the financial burdens upon everyone. However, the businesses that have made it so far haven’t gone unchanged, they have all made some changes to their company
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The Hartford Courant: The recession has spawned a new generation of self-employed microbusiness entrepreneurs. But they are not typically the innovators that many hope will lift the country out of choppy waters. Rather, they are what economists call “forced entrepreneurs” — like Staci Byers. The Hartland, Conn., mother of eight — with four children still
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photo credit: Ana_Cotta Many businesses have two playbooks, meaning they have one for when their business is doing good, and one book is for strategies on when their business is going through a difficult time. This is a good idea and practice to have, however, it is not 100% sufficient. There is a lot more
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Associated Press: It’s not all doom and gloom in the U.S. economy. Some products are bucking the recession and flying off store shelves. Sales of chocolate and running shoes are up. Wine drinkers haven’t stopped sipping; they just seem to be choosing cheaper vintages. Gold coins are selling like hot cakes. So are gardening seeds.
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photo credit: sittered If you are in management or in business for yourself no matter your field, there are a few mistakes that you should avoid during our current economic downturn if at all possible. Bnet.com recently did an article on a few mistakes that if made during a downturn could prove to be very
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photo credit: .Martin. Have you ever had the not so pleasureable experience of finding out that your company is closing it’s doors by watching it on the news at home? That is exactly how some of the GM and Chrysler employees at the Kenosha plant found out that they would soon be out of jobs.
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photo credit: LeSmou Imperator Consumers decreasing their spending habits this past year and new year to come are not the only one’s. In August of 2008 a report showed that 49% of business were planning on cutting their spending and by time October rolled around that number jumped to a high of 69%. The continuous
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photo credit: Menage a Moi I think the best advice so far that I have heard regarding the current economic condition is what I recently read in an article located on Web Business Freedom, stop worrying about it and live your life. Obviously worry ourselves sick to the point of sleepless nights is not going
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