This is a scary time. Everyone you know knows at least one person who has gotten downsized and new jobs are scarce. People are scared to start businesses and they’re scared to invest in their existing businesses right now. Part of it is that in an economy like this, mistakes are even more costly than…
Tagged with `recession`
Starting A Business in A Challenging Economic Climate, Part 2 (Limiting Risk)
In Part 1 of this series, I talked about why now is a good time to start a business. But without Part 2, Limiting Your Risk, you may be setting yourself up for problems. Now is a great time to start a business, but part of starting a business in this kind of economy…
Innovate in the Downturn – 7 Things You Must Do
Bill Gates recently said, “We are in an economic downturn but an innovation upturn.” Most people are focusing on the downturn and the dangers it poses rather than on the opportunity for innovation. Most businesses are restructuring and streamlining their operations. How can you maximize your chances in the change maelstrom? One way is to…