What to do when business gets slow - by Dan Beaulieu
Now that Wall Street has delivered us an economic version of 9/11, what will this mean to your business? Will the mess on Wall Street hurt us the way 9/11 did, when some markets dropped almost 30%? If this happens again will your industry collapse and die?
Of course not. Yes, it could slow things down for a while. Your industry may endure a vigorous session of Pac man -- but in the words of Gloria Gaynor – I/it/we will survive. But you can do more than just survive in hard times. You can use them to your advantage.
I saw a piece on television the other night that said when things are down, good companies move forward. Competent companies find ways to grab more of the market share. I firmly believe this is true. Those who strive to get better when times are hard, get better.
Here are eight ways to make this happen for your company: