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Debt Destroy

When Business Is Down...


inai Rep Points: 955
Posted on April 4, 2009 at 12:41 am
Businesses are greatly affected by the world economic downturn.  It is an acid test and many have close shops as the overheads are too high and can't sustain the bad times.  I am also running a business and find that I am also greatly affected but glad that I can survive despite the slowness of  business.  This is the greatest challenge when one is running a business. There are good times and bad times time. You only need to be strong and think of how to maintain your business.   Your shrewdness comes to light to face the bad times. 

shawbikram90 Rep Points: 175
Posted on April 4, 2009 at 1:33 pm
Don't take tension.think how to comeover from it.think positive.

kuziu (Banned) Rep Points: 775
Posted on April 4, 2009 at 1:42 pm
Though it is said that people i  financial deficit, it seems not like that if we see the shops and supermarket and it seems  their buying capacity is increased

arief Rep Points: 640
Posted on April 4, 2009 at 2:08 pm
when business is down you must be creative if you don't want to leave your business

woolford16 Rep Points: 2,160
Posted on April 4, 2009 at 2:27 pm
if you need more buisnes than you need to do something that no one else is doing it is called your unique selling point

lily Rep Points: 735
Posted on April 4, 2009 at 10:43 pm
Yes, others are right. One must be creative and make a different strategy. Innovation also is the key. Make a research on how old businesses survived during a downturn.

skyrpincess4628 Rep Points: 355
Posted on April 5, 2009 at 6:45 am
Yup i've noticed a lot of budget meals around.For me whe business is down due decreasing buying power of your client , i suggest its better to do some thing that could give you extra income so your budget wnt suffer much.

roadsider Rep Points: 1,970
Posted on April 6, 2009 at 4:49 am
when business is down people, a good businessman should come up with innovative ideas to attract more customers and try to improve on his profit margin.

here4you Rep Points: 395
Posted on April 6, 2009 at 5:19 am
i think you might have got it wrong here, because usually its a promotional offers that takes place in almost every big retail markets or lets say corporation and it necessarilly does'nt mean that they are going down. in fact, here with lots of holidays and festivals almost every month , people wait for these festivals to buy things because it is at this time that they get lots of offers and almost all big corporation have it.

dyasper Rep Points: 225
Posted on April 6, 2009 at 1:31 pm
Maybe thinking of marketing strategies that would cater to people with basic needs. Right now because of the crisis we face all over the world people are on a tight budget. So basic needs are always on priority before any other. Health and food are good examples. So if your running a business and is going down, better make arrangements or sacrifices to make it stay on the industry. Concentrate on which is only necessary.
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