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.