Measuring the economic confidence of small business owners the Discovery Small Business Watch Report for July 2007 is out, and it makes for interesting reading:
Economic confidence among small business owners fell in August as small business owners expressed less confidence in the economic conditions for their business and experienced more cash flow issues. At 102.4, the Watch is down nearly five points from July’s 107.3 and is nearly level with the Watch’s lowest index since its inception, June’s 102.5.
I’m concerned about the cash-flow crunch on small business. Maybe more small business owners should change to bootstrapping techniques as their prime small business strategy. Small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses need to implement these techniques to become recession proof.
How recession proof is your business?
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http://www.ourtop.info/small-business/?p=389
Said on September 25th, 2007 at 11:29 pm
[…] need to implement these techniques to become recession proof.How recession proof is your business?Read More… [Source: THE SMALL BUSINESS […]
http://www.timetomarket.co.uk
Said on September 27th, 2007 at 9:47 am
Recession is definitely a problem for manufacturers when the order book starts to dry up and the prices at the gate start to deteriorate. But in the business to business service sector other opportunities become available because of recession - not least you could promote training and development services designed to make customers even more productive and responsive. Small business often gets going in times of recession as larger businesses reel from downsizing mayhem. There’s always an upside — somewhere.