recession
The Bankrupt Leader: 5 Tips to Motivate Teams in a Recession
Many leaders I work with are simply out of ideas as to how to motivate and lead their teams (maybe even themselves) through yet another three-and-a-half years of difficult times. If you're in that situation, here are five suggestions. [read more]
Instagram as Case Study in the Big Difference Between Startups Now vs During the Last Bubble
Whether we're in a bubble or not, certain beloved companies, such as Instagram, will probably be just fine. Instagram, with only 4 employees, has raised 7.5 million in funding. [read more]
How is the 'Recovery' Going on Main Street?
"The only good news is that a continued recession may put a little -- but only a little -- damper on inflation for the short-run." [read more]
Small Businesses Emerging From Recession
The latest economic news and surveys show that the small business economy is finally recovering from the Great Recession. Key indicators include a strong, positive uptick in small business sentiment surveys and stronger projected growth in the overall economy. (Click herefor a WSJ article on Citibank's sentiment survey, here for an... [read more]
Businesses That Are Up in a Down Economy
The economists say the recession is over, but many business owners I talk to don’t share this belief. They continue to struggle to get customers and close sales. Their costs, such as health care premiums, continue to rise but can’t be easily offset by raising their own prices for fear that they’ll lose the precious customers that they do have. NFIB’s Small Business Optimism Index for June 2010 showed a slight gain over the previous month and the best reading since September 2008, but still a long way from the level of optimism that would support a strong economy. Still, some businesses are managing to do well, even growing; some are stars glowing with success. Why? I think there are three categories for successful businesses today, and you need to find your fit. [read more]
Small Businesses not yet Buying into the Recovery
The economic recovery that some had been predicting over the past months may not be right around the corner, after all. While there are some indications of a strengthening economy, many experts are becoming more cautious about both the timing and the rate of the recovery. And there is a growing chorus of those who believe that we may... [read more]
Forget recession proofing, it is time for recovery proofing! 8 strategies to help get you and your people ready
Lots of business owners and CEOs alike got caught on the hop by this recession. Failure to anticipate the downturn led to businesses revenue and profits suffering. This of course meant that staff, customers and shareholders suffered too. Needless to say, there is every likelihood that those same business owners and... [read more]
Is There Brand Loyalty In A Recession?
There are no atheists in a foxhole, but is there brand loyalty in a recession? In our household, the answer is…nope. I’ve been noticing this past year the slow emergence of generic groceries cropping up in our cabinets. Generics? Dear Lord, the last time I was subjected to generic groceries was growing up with... [read more]
Where’s small business with this recovery?
There’s some good news out there for small business in this recovery. Fewer Small Business Loans in Arrears - Reuters Delinquencies among small and medium-sized U.S. business borrowers fell in October for a third straight month, according to PayNet Inc, which provides risk-management tools to the commercial lending industry. Arrears.... [read more]
Most Americans Don't Think Stimulus is Working or the Recession is Over
The monthly American Pulse survey by Big Research reports that 55.6% of Americans say the economic stimulus package is not working. Most also feel the recession is not over. We disagree, but understand why people feel this way. The unemployment rate has always been the key economic indicator for most Americans. Echoing this... [read more]
Fiscal responsibility requires higher taxes
That headline got your attention, didn't it?It's from Bruce Bartlett's latest column in Forbes. The article's subhead drives home his point: Americans can't have their cake and eat it, too.Bartlett's elaboration on the issue is sure to provoke even more of an uproar. For example:Republicans pay lip service to balancing the... [read more]
Is This Recession Over Yet?
By Frank ReedWe appear to be caught in a rut as of late. No one wants to make a definitive statement as to whether or not the recession / slow down / depression / aberration or whatever we call this thing is over or not. Depending on who you talk to we can either be on the edge of a recovery or the edge of a cliff. Is there a way to... [read more]
4 Signs We Need to Watch for Economic Recovery
The Federal Reserve gave an upbeat assessment of the economy yesterday. It said “Economic activity is leveling out,” and “We’re no longer at DEFCON 1.” Two good things are coming out of this. The stock market is at its annual high and the 10:00 News is “less bad” - both help the business person’s mind rest a bit easier. But small... [read more]
Navel Gazing
Providence, RI now has a new slogan -- "Creative Capital" -- and a logo, thanks to a $100,000 gig with a branding firm that specializes in helping communities respond to the drastic downturn in employment, investment, and solvent home mortgages with image marketing.If I find out that any Stimulus funds are getting spent on this nonsense... [read more]
Economy Still Weak and Future is Probably No Better
Today, the ADP Small Business Report showed that 138,000 small business jobs were lost in July - 80,000 jobs in the service sector and 58,000 in goods-producing firms. According the July report:This month's employment decline was the smallest in eight months continuing the notable improvement between the first and second quarters... [read more]
Why the Stimulus Is Not Working
Normally I would twitter this instead of taking the time to blog it but the accompanying graphic is so powerful that it deserves to be blogged. In watching the Sunday talk shows yesterday I noticed that the Administration is once again moving the goal post for how to define success for the $800 billion stimulus package passed in... [read more]
7 Small Business Leadership Rules for Recession
Dear Dan: I’m losing sleep worrying about business conditions and all the things that might go wrong. And the mood at my small company is depressed. How can I step it up a notch? - Sleepless Dear Sleepless: Most small business owners are adept at adapting. By cutting costs, improving productivity, tweaking technology and... [read more]
My Invisible Foe
At the start of 09, I expected my own sales performance to increase significantly. I based this expectation on two sound contributing factors. 1. There would be a greater need for my services. Companies would have a much greater need for improvement around sales performance than in previous years. If making sales would be harder in 09... [read more]
Keep Assessing Opportunity Even After You Pursue It
Most experienced entrepreneurs learn that opportunity comes from change that disrupts markets. Change creates new needs and leaves many current players in that market with outdated business models.The challenge in turbulent times like these is that change has kicked into hyper-drive.We are now seeing whole industries being shaken to... [read more]
What is America the best in the World at?
Image by Getty Images via Daylife What is America the best in the World at? Innovation? Michael Mandel and my recent cab driver don’t think so. My knee jerk reaction to this article is to think the author is an idiot and doesn’t know what he’s talking about. But I’ve learned over the years that when I have such a knee jerk... [read more]
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“To your final comments, right on. Those who cheat will do so regardless of how simple or complex the tax laws, or the rules of the road, or whether they have an admission ticket.”
“To your final comments, right on. Those who cheat will do so regardless of how simple or complex the tax laws, or the rules of the road, or whether they have an admission ticket.”