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Old 26th September 2011, 11:40 PM   #21
sabya
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Default How to re-orient business in a conservative Market ?

You are right.

If real estate is hit in this area - the Client will be more conservative and will not be willing to even listen to the sales person.

Well, "situations" teach us that - we have to change ourselves in order to survive and the customer now needs a Consultant who will work with, hand hold and will guide to a re-oriented business where the customer can earn and survive. It needs the right matured Sales person to work with the customer - it is easy saying than doing.

But, my main point was - how does the situation changes, if a few small business owners join hands and bring individual expertise and contacts on the table and work jointly ?

Please share your thoughts and experiences on this point.

Thanks
Sabya

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Old 27th September 2011, 07:39 AM   #22
LFinkle
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Default Growing your business in a recession

You can absolutely grow your business in a recession. There is nothing that stops you except you thinking you can't. What you likely need to do is change your marketing activities or adjust your offerings a bit. Thinking you can do things the same old way is fool hearty. However remember some of your competitors may go out of business during a recession so your competition may be less not more

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Old 12th October 2011, 05:32 AM   #23
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Recessions generally don't hit all sectors of the economy at the same time, so if real estate is in decline, manufacturing or mining might be growing. One option for a small business is to try to be flexible and adaptable to target sectors of the economy that are still in growth.

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Old 22nd October 2011, 06:46 PM   #24
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Agreed on all points. Money has not stopped exchanging hands, people are just more thoughtful about where and how it's spent.

Customer service is always a great point of differentiation and frankly, people are usually willing to spend a premium on brands/services with top notch customer service.

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Old 15th December 2011, 01:40 AM   #25
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One good thing is that in hard times some goods and services that you need are cheaper.

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Old 28th May 2013, 04:26 AM   #26
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Smile Beating recession

Recession may be stressful for businesses but at times I tend to think it is a welcome gesture.In that it helps the way we think about business-COMPLETELY.This is perhaps one of the reasons many are still in business because you learn to be more pragmatic,more open-minded.Surely not bad for business,don't you think?
Of course,you can grow your business during times of recession.Opportunities abound everywhere.A few tips:
-Always look for ways to cut down the costs-this needs no telling.One tip that always comes in handy.If you can,eliminate the middlemen.
-Hire the right folks but hire lean.This can determine if your business will be successful or not.
-And the cliche-learn from failure.Put it this other way;learn quickly from failure.The faster you fail,the better for you.You'll learn early enough what works and what doesn't.It's dreadful,I know.But it's an inescapable path in business.

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