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.
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.
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.
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.
Sky News Business Channel reporter Brooke Corte talks to the founder and editor-in-chief of Anthill magazine about ‘Pitch Club’.
Domenic Carosa, a former BRW Young Rich List Member, is running a workshop designed to teach attendees how to accelerate business growth through the purchase of companies using other people’s money. 1. How to acquire businesses with none of your own money 2. Funding methods and deal structuring 3. Make money with acquisitions by arbitraging…
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.
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.
Call me crazy but we’ve recently offered ‘pay what you think it’s worth’ (PWYT) terms to selected customers.
Call me crazy but we’ve recently offered ‘pay what you think it’s worth’ (PWYT) terms to selected customers.
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.
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 thing to go was their marketing budget. However, surveys conducted a few years later found that those businesses that had continued to advertise during the war became the market leaders….
Historically, the marketing budget is the first to get cut back when companies feel the squeeze. As Darwinian principles take effect, the unprepared marketer can end up on the scrap heap. In tough times, as well as the good ones, panic is the enemy. With some clear thinking, careful planning and clever spending, it is…
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 is in the air, and not just in the form of optimistic government handouts.
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.
Here are some of the ways in which the demographic born between 1979-1994 is impacting and being impacted on by the economic downgrade:
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.
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?”
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?
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