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Old 24th April 2010, 03:27 PM   #11

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It appears what is being said in this thread is that as small business people more opportunities can be found in a recession than at any other time. We may have to work harder, we may need more ingenuity, we may need more guts and we always need a little bit of luck, but time is right and the moment is now!

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Old 30th April 2010, 08:58 AM   #12

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Although we are having economic problems it doesn't mean that we can't start up a new business or grow our business, There are still hundreds of opportunities and possibilities for us. All we need to do is think outside the box so that we can come up with an genuine idea that will enable us to stand out on the tight competition.

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Old 6th May 2010, 12:18 AM   #13

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in a recession it is very difficult to grow our business. because all the business and economy are slow down.

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Old 6th May 2010, 04:33 AM   #14
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I did grow a business in the recession.

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Old 29th December 2010, 07:51 AM   #15

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Default Bad Times Good times

I think it provides an opening for the small biz with less overheads and better prices because bottom line will be price

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Old 3rd January 2011, 01:04 AM   #16

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Here are following advice for growing your business during times of turbulence in the economy.

1. Maintain your fees and pricing.
2. Turn your clients into advocates.
3. Convert your existing clients into referral-generating advocates.
4. Launch a simple call rotation campaign.
5. Explain how your services are especially beneficial during times uncertainty in the economy.

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Old 8th January 2011, 06:06 AM   #17

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I think time and again studies have shown that business who maintain or expand their marketing and customer service during an economic slowdown gain market share and emerge stronger when a recession ends.

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Old 17th January 2011, 10:28 AM   #18
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The recession causes many things to happen, one of them being that due to sluggish sales, several big US retailers, such as Circuit City, Starbucks, Ann Taylor, CompUSA, and many others, have been closing their stores across the country. Put simply, this means less competition and more opportunity for small businesses.

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Old 24th September 2011, 11:36 AM   #19

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Default Are we together ?

Thanks to all the contributors. All encouraging postings.

My views on - Can you Grow your Business in a Recession -

This time is trying time and customers are more conservative. We need more penetration power.

I believe, Small Business will get more penetrating power if they join hands on profit sharing basis.

I know ego comes on the way in a big way. But, we have to be more matured.

I want to hear what you all have to say and how do you plan to go about joining hands, creating group companies through contracts..


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Old 26th September 2011, 01:06 PM   #20

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Depends on what market your entering... if you're opening a real estate office in harder hit areas of the country (Nevada, CA, FL) then you may find it to be a struggle.
But say you're offering services where you help people learn how to save money, run their own business, etc. then you may find more customers. Really just depends on what you're offering -- so to answer.. YES you can grow a business during the recession.

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