Tag: economic downturn
Fishing in troubled waters: How entrepreneurs can still win in this looming financial crisis!
Financial markets are in turmoil again. But it would be dumber still for entrepreneurs not to keep their eyes open to emerging new opportunities. Remember, some of today’s best companies – think Google, for one – were built during a recession. So, for those who will not be swayed by the doom-sayers, here are seven steps to turn adversity into, perhaps, an once-in-a-lifetime opportunity.
In 2009, were you a proactive, experimental future leader or a reactive, butt-covering also-ran?
If there is one good thing that came from this year's commercial carnage, it's the liberating affect the economic downturn had on our collective ability, as entrepreneurs, to speak openly.
I survived the GFC by ignoring it
When I started my business I knew it had to grow from a foundation of personal contact and referrals. To do this people said I had to network. This scared the crap out of me.
Things looking up for Australian businesses
Australian businesses are cautiously optimistic that overall business conditions will improve through the rest of 2009 according to the latest D&B National Business Expectations Survey released today.
Anthill talks up pitchclub on Sky News Australia
Sky News Business Channel reporter Brooke Corte talks to the founder and editor-in-chief of Anthill magazine about 'Pitch Club'.
Two Free Tickets – Domenic Carosa Workshop (Valued at $2,950 each!)
Domenic Carosa, a former BRW Young Rich List Member, is running a workshop designed to teach attendees how to accelerate business growth through the...
Protecting your business psyche
You are the sum average of the five people you spend the most time with. Assess who these people are and the influence they have on you. Surround yourself with people that nurture your psyche. Make subtle changes to this circle of influence.
Crisis creates once in a lifetime opportunity
The current global financial crisis has been described as a “once in a lifetime recession”. However savvy business owners, entrepreneurs and investors recognise it as a once in a lifetime opportunity to make money.
The ‘pay what you think it’s worth’ model goes B2B
Call me crazy but we've recently offered 'pay what you think it's worth' (PWYT) terms to selected customers.
The 'pay what you think it's worth' model goes B2B
Call me crazy but we've recently offered 'pay what you think it's worth' (PWYT) terms to selected customers.
12 hidden opportunities in a downturn
It seems that almost everyone is currently offering advice on how to bunker down and ride out this bleak economic period. Here are 12 hidden opportunities to help you build while your competitors balk.
How to grow a business in tough economic times
During World War II when times were tough and money was tight, most businesses around the world were forced to make immediate cost-cuts.
The first...
Marketing wisely in an economic downturn
Historically, the marketing budget is the first to get cut back when companies feel the squeeze. As Darwinian principles take effect, the unprepared marketer...
Are these the first signs of The Great Recovery?
So how did 'The Great Recession' on Monday become "The Great Recovery' by Friday? Well it didn't, but in between the beginning and end of the week, we did have a remarkable run of good data to boost our spirits (such evidence is now better known as 'green shoots' after US Federal Reserve Chairman Ben Bernanke used the term to describe a positive run of data showing signs of a possible recovery).
Stimulus goes viral
Stimulus is in the air, and not just in the form of optimistic government handouts.
21 things to consider before carrying out redundancies
Most business owners stress out at the thought of redundancies. It is very important to find a middle ground (it will never be a perfect balance) between acting under the legal and commercial requirements and responding humanely to people's lives being affected so dramatically. Here are 21 things you must consider before carrying out redundancies.
What does Generation Y have to do with the economic downgrade?
Here are some of the ways in which the demographic born between 1979-1994 is impacting and being impacted on by the economic downgrade:
How to cope with retrenchment
Retrenchment is no longer a dirty word. Whether we like it or not, retrenchment is something many people may have to face at some stage of their careers. Here are some constructive tips to help you cope with retrenchment.
The future of finance
As a new generation of Gordon Gekko's fry under the blowtorch of angry shareholders and world leaders brace themselves for the bill from mass bailouts, it's easy to answer the question, "What is the future of finance?" by simply asking another: "Is there a future for finance?"
The dangers of discounting in a downturn
It might seem logical to discount during an economic downturn. You need to boost sales and attract new customers. And customers are tightening their belts and shopping around for the best price. But is discounting the best option over the long-term?