KSFY.com: The downtown construction planned for March coupled with our new economy has businesses downtown Sioux Falls wondering what they can do to keep afloat. When Buffaloberries opened up 10 months ago, the economy looked quite different. Nate West lives and work in D.C. His mom Karen Johnson opened up the business. Now she’s asked […]
Recession Proofing Business Read More »
photo credit: Darwin Bell STORES Magazine has just published an interesting article based on research by BIGresearch that details just which product and services consumers can’t live without as they tighten their belts and which are expendable. Here are the top 10 things that the research indicates that people will continue to pay for even
Top 10 Things that People Won’t Stop Buying in a Recession Read More »
Out of Australia comes the interesting story of a number of young entrepreneurs with one thing in common. They all think that now, in this “recession”, is the best time to start a business. “If we can start up in a recession and be successful, we can survive anything,” said 20-year-old Ryan Djurovich, who started
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photo credit: SqueakyMarmot There are proper way to cut costs in your business, because believe it or not, certain cuts are worse than no cuts at all. When cutting costs and looking the difficult choice of letting some people go, make sure your making the right choice for the better of the company. Rather then
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photo credit: powerbooktrance There are some things that you just assume are recession proof. Toilet paper seems like something that people just need to continue buying regardless. I mean, it’s not like people are going to use yesterday newspaper, right? Or are they? Advertising Age is reporting that sales of toilet paper are down 5.5%
Toilet Paper is Not Recession Proof? Read More »
photo credit: Conor Lawless Financial analysis company Sageworks has released a study that ranks industries by their net profit margin in 2008. The study only tracked privately held companies. The top ten most profitable industries in 2008 were: Offices of dentists Accounting, tax preparation, bookkeeping and payroll services Legal services Offices of other health practitioners
Best Businesses to Start in a Recession? Read More »
USA TODAY: While many businesses struggle during the recession, a handful of U.S. and global companies – from health care giant Abbott Laboratories to retail king Wal-Mart – are riding out the financial storm in good shape. McDonald’s CEO Jim Skinner says the hamburger giant is “recession-resistant.” Hermann Waldemer, chief financial officer at Philip Morris
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Sacramento Business Journal: Small-business decision makers are shaken by deteriorating economic conditions and are increasingly worried for the future of both the economy and their organizations, a new City Business Journals Network survey shows. The nationwide survey of 206 owners, presidents and CEOs of businesses with five to 499 employees was conducted Nov. 17-23 and
Election Of Barack Obama Doesn’t Help Gloomy Small-Biz Outlook Read More »
Los Angeles Times: The credit crunch looks like an espresso machine. At least it does to Michael McDonald, who is trying to open a coffee shop near UC Santa Barbara next month but just heard that his funding had evaporated for an equipment leasing deal. McDonald needs the espresso maker and other gear in place
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The Wall Street Journal: Small businesses finally are getting their own little piece of the federal government’s ballooning bailout package. U.S. officials announced the federal government as part of a broader package will lend up to $200 billion to institutions that originate consumer loans and business loans backed by the Small Business Administration. The rationale,
Bailout Money Heading To Small Bizs Read More »
