Running a business and keeping it afloat, particularly in a recession, can be hard work. However, by understanding the various factors that can cause a business to fail, you can learn how to avoid the common pitfalls. 1. Starting your business for the wrong reason Perhaps you started your business because you were fed up [...]
Although it seems counterintuitive, a recession is actually a great time to start a business. The many good arguments for hanging a new shingle for yourself right now include the reduced cost of starting up and the ability to find good, available talent. Still need more? Many businesses are looking to cut costs, and part [...]
Seth Godin’s quote, “Change doesn’t fail because it is too early, change fails because it is too late”, resonates as I am reminded that 54% of financial advisors will do anything to avoid change. Like the frog, 54% of financial advisors hate change so much, they will sit in a beaker of water on a [...]
7 Ways to Secure a Job in a Recessionary Marketplace Though recent labor statistics about the country’s unemployment are frightening, they are potentially great news for the job searcher who can courageously tunnel deeply where competitors fear to tread. If you’re currently unemployed, a solution to the unemployment blues is to run a job search [...]