Welcome to the Small Business Ideas Forum! We are a community of over 100,000 small business folks with over 163,000 posts for you to browse. We pride ourselves on being the friendliest forum you will find and we'd love to have you as a member of our community. Please take a moment and register for a free account. If you need any help, please contact Chris Logan.

Small Business Ideas Forum

Small Business Ideas Forum

A friendly place to share small business ideas and knowledge, ask questions, find help and encourage others that are involved in the small business industry. Topics include small business marketing, generating revenue and small business computing.

Go Back   Small Business Ideas Forum > General Issues > General Small Business Issues
Register Search Today's Posts Mark Forums Read

Thread Tools
Old 25th March 2010, 12:47 PM   #1

Join Date: Feb 2010
Location: Northamptonshire
Posts: 45
Default Can You Grow Your Business In A Recession?

it seems like the whole world is in a recession right now - and despite all the optimism, we're not coming out of it just yet (and when we do, there'll be no free rides!).

So what does the recession mean for your business?

My answer? Nothing!

That may seem flippant, but it's not meant to be. Here's the deal... In a recession, nobody stops spending money. but everybody's more careful where they spend it. We all still need food, clothes, housing... we need our cars repaired, we need our TVs working, we need gas, electricity and water.

Being in a recession just means you need to work harder to educate your customers and prospects to the benefits of spending their hard-earned money with you, and not your competitors.

The pie may be shrinking, but you just need to make sure you cut yourself a bigger slice.

I have one client who supplies curtains and blinds - luxury items that people could easily stop purchasing during tight times. However, by ramping up his marketing and going out in search of everyone who's still open to buy, he's grown his business from a 140k turnover last year to an average of 30k per month in the last 6 months! Even if he doesn't grow any more, that'll be 360k turnover - two and a half times what he was doing last year!

So, instead of battening down the hatches and waiting for the storm to pass, put on your rain hat and boots, and get out there!

PTF - The Business Builder
PTF is offline   Reply With Quote
Register or log in to remove this ad.
Old 26th March 2010, 04:45 PM   #2

Join Date: Jun 2004
Location: Colorado
Posts: 7,957


Thanks PTF, keep it coming. I agree, but reading your story I think one of the hard things to do is for your friend to maintain that growth. That becomes a factor as the economy is retracting versus expanding. As an individual, I don't even think it is all about just working harder. New markets and thus opportunities happen with change. The opportunity is there for any person.

Free Links - Promote Your Website For Free
Online Guide - Directory Of Free Stuff Online
Logan is offline   Reply With Quote
Old 26th March 2010, 06:06 PM   #3
Pack Secure

Join Date: Feb 2010
Posts: 76

The real issue is keeping your eyes open and don't bury your head in the sand.

Look for opportunities and grab them, don't sit on them.

ALWAYS be willing to diversify.



www.Pack-Secure.com - Packaging Shipping Supply Specialists
Pack Secure is offline   Reply With Quote
Old 26th March 2010, 09:25 PM   #4
nealrm's Avatar

Join Date: Feb 2010
Posts: 12

Your right PFT, just because the economy is sour does mean that it has stopped. There are still trillions of dollars spent every year. You just need to figure out how to adjust.

HouseViewOnline: SE Missouri leading website for real estate. Sikeston MO Real Estate, Cape Girardeau MO Real Estate
nealrm is offline   Reply With Quote
Old 5th April 2010, 03:40 AM   #5

Join Date: Mar 2010
Posts: 74

Originally Posted by Pack Secure View Post
The real issue is keeping your eyes open and don't bury your head in the sand.

Look for opportunities and grab them, don't sit on them.

ALWAYS be willing to diversify.


Exactly i would agree with your talk that Customer satisfaction is the job of Business owners...
Customer satisfaction comes first..


Holy Quran and seo
jamesparker100 is offline   Reply With Quote
Old 6th April 2010, 09:25 AM   #6

Join Date: Feb 2010
Location: Northamptonshire
Posts: 45

As my Dad always says, "the customer may not always be right, but the customer is always the customer".

PTF - The Business Builder
PTF is offline   Reply With Quote
Old 7th April 2010, 03:32 AM   #7
VIP Contributor

Join Date: Apr 2010
Location: Mauritius
Posts: 161

And what everyone forget to say is this:

Once the economy will be out of recession you will have some increasing sales because of the bigger market that you would have captured by continuing your advertising effort.

Blog Marketing Tools
joshua99 is offline   Reply With Quote
Old 7th April 2010, 04:27 AM   #8

Join Date: Dec 2009
Posts: 4

I think this is the time you have to be very creative to finf the solution to survive. Also wise management of your business has a great importance at this time.

Ida is offline   Reply With Quote
Old 8th April 2010, 05:42 AM   #9

Join Date: Jan 2010
Posts: 24

the recession is very hard time for any type of business. In such time to keep our business stable is very hard. Your worthy suggestion can make it possible. Really a useful content for businessmen.

james786 is offline   Reply With Quote
Old 13th April 2010, 10:15 PM   #10

Join Date: Apr 2010
Posts: 2

Good stuff guys.

I'm moved all my businesses to the service sector. Hopefully, that will help.

givejonadollar is offline   Reply With Quote


Similar Threads
Thread Thread Starter Forum Replies Last Post
Dismantling Your Business In These Tough Economic Times? Allectus General Small Business Issues 4 9th October 2012 03:12 PM
A Great Business Plan BumerM Ecommerce 16 7th December 2011 11:54 PM
newbie needs help: sole proprietership vs partnership shellies General Small Business Issues 5 12th January 2010 05:03 AM

Thread Tools

Get Updates
RSS Feeds:
RSS Feed for General Small Business Issues RSS for this Category Only: General Small Business Issues

RSS Feed for Small Business Ideas Forum RSS for Entire Forum
Forum Rules

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Our volunteer moderators and their websites:
David Wallace
SearchRank - Organic Search Engine Optimization
Old Welsh Guy
Internet Marketing from Wales in the UK
NineYards.com: Helping Businesses Do Business Online
Small Business Answers
Free help to grow your business.

New at Search Engine Guide
The 4 Types Of Website Traffic

New at Small Business Answers
Contractor Estimate - Cancel Contract - Bill of Sale - Evaluation Questions

Employee Evaluation Templates
30 Day Review - 90 Day Review - Annual Review - Employee Self Evaluation - Strength & Weaknesses

New at Small Business Forum
Unusual Ways To Promote Your Business

Crimson Fox
Graphic Design and Brand Promotion and the Brand Design Blog
Search Marketing Results - Pole Position Marketing!
Search Marketing Info - (EMP) E-Marketing Performance
Matt McGee
Small Business SEM - Web marketing discussion for small businesses.
Tiny Doors Frisco
Things To Do

At Your Business - Small Business Directory
Free Business Forms - Prewritten Documents

Free Links - Free Advertising
Free Guide - Online Directory
Debra Mastaler
The Link Spiel Blog
Free Online Marketing and Social Media Tips: Social Media Simplified for Small Business Owners
Promotional Items Marketing
What I REALLY think!

Visit our small business websites
Small Business Forum | Small Business Answers | Search Engine Guide

All times are GMT -5. The time now is 09:56 AM.

Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Copyright 2004 - 2015 K. Clough, Inc. - Privacy