Welcome to the Small Business Ideas Forum! We are a community of over 100,000 small business folks with over 163,000 posts for you to browse. We pride ourselves on being the friendliest forum you will find and we'd love to have you as a member of our community. Please take a moment and register for a free account. If you need any help, please contact Chris Logan.

Small Business Ideas Forum

Small Business Ideas Forum

A friendly place to share small business ideas and knowledge, ask questions, find help and encourage others that are involved in the small business industry. Topics include small business marketing, generating revenue and small business computing.

Go Back   Small Business Ideas Forum > Specialist Website Forums > Small Business Trends Forum
Register Search Today's Posts Mark Forums Read

Reply
 
Thread Tools
Old 16th June 2008, 02:41 PM   #1
sannwood
VIP Contributor
 
sannwood's Avatar
 

Join Date: Jul 2006
Posts: 164
Default Recession Survival Strategies



Recession - a word that we've all been discussing and hearing tossed around lately. Are we in one? Are we headed for one? Just consider this excerpt from a recent guest featured on Small Business Trends Radio Show:

Quote:
"If consumers are leery to spend ó itís a good indicator of a U.S. recession. Because here in the United States, itís the consumers that drive 70% of the economy."
Based on that, seems to me that we may be headed for a recession if we aren't already in one. I know I'm not spending as much as I once did. David Rudofsky, Founder of Rudofsky Associates, was on recently to discuss this topic and share his insights regarding recession survival strategies to help you ensure your businesses survival during these trying times. One important point he made was that the importance of an Internet presence in times like this cannot be overlooked - as many are trying to consolidate travel expenses and prefer to shop from home now. I couldn't agree more.

Are you spending more in the virtual world these days? Are we in a a recession or are we headed for one? And what are you doing to consolidate your spending and weather the storm?

__________________
Staci Wood | Small Business Trends Radio | Small Business Trends
sannwood is offline   Reply With Quote
Register or log in to remove this ad.
Old 18th June 2008, 02:53 AM   #2
homebizseo.com
VIP Contributor
 
homebizseo.com's Avatar
 

Join Date: Mar 2008
Location: Planet Earth in the Matrix
Posts: 1,032
Default

My family has paid off all autos and started saving 20 to 40% of our income. We quit eating out and started by generic brand food. On the business front I have cut back employees and eliminated some benefits. In our free time instead of watching tv we have about 20 websites creating a positive cash flow. We are sticking all the web profits into retirement.

My parents have started growing all their food as they did growing up in the 40's and 50's.

They have canned enough vegatables to last for over a year.

__________________
Visit Funny Signs Today
Leave A Comment At Make Money Online
homebizseo.com is offline   Reply With Quote
Old 18th June 2008, 08:28 AM   #3
Sporkman
VIP Contributor
 
Sporkman's Avatar
 

Join Date: Oct 2007
Posts: 304
Default

Quote:
Originally Posted by homebizseo.com View Post
In our free time instead of watching tv we have about 20 websites creating a positive cash flow.
20 websites sounds like a lot of work...

Sporkman is offline   Reply With Quote
Old 18th June 2008, 11:21 AM   #4
sannwood
VIP Contributor
 
sannwood's Avatar
 

Join Date: Jul 2006
Posts: 164
Default

Twenty sites does sound like a lot of work, although, I'm assuming it's worth it and profitable for you. As far as gardening goes, funny you mention that. I've been thinking about that recently with the tomatoe scare again this year. Fifty years ago, most of the tomatoes around my way came from backyard gardens. Might be time to go that route again.

Cutting back on dining out is a great idea, too, and one that I've decided to put into place as well. It's gotten to the point that I don't even want to order a pizza anymore. I feel I have to tip the poor driver $5 bucks just to make it worth his while for a gallon of gas. Crazy.

__________________
Staci Wood | Small Business Trends Radio | Small Business Trends
sannwood is offline   Reply With Quote
Old 20th June 2008, 09:04 AM   #5
bizinwonder
Member
 

Join Date: Jun 2005
Posts: 17
Default regarding your websites

speaking of websites. I learned to make my own website with Yahoo and so far have had 2 awful experiences losing 3 weeks of having a website.
now I'm going to hire a developer to make mine and do it right but he's quoted $ 2,000 as a deal. This seems like a lot but I'm willing to invest. Would you consider this a good price for a dynamic site with store fronts and a portal?
I'd love to talk with you more about how you manage the websites.

bizinwonder is offline   Reply With Quote
Old 20th June 2008, 09:06 AM   #6
bizinwonder
Member
 

Join Date: Jun 2005
Posts: 17
Default regarding your websites

speaking of websites. I learned to make my own website with Yahoo and so far have had 2 awful experiences losing 3 weeks of having a website.
now I'm going to hire a developer to make mine and do it right but he's quoted $ 2,000 as a deal. This seems like a lot but I'm willing to invest. Would you consider this a good price for a dynamic site with store fronts and a portal?
I'd love to talk with you more about how you manage the websites.
(I hope I can find this page on the forum again to view your response)

bizinwonder is offline   Reply With Quote
Old 25th June 2008, 05:38 PM   #7
roof cleaning
Senior Member
 
roof cleaning's Avatar
 

Join Date: Apr 2008
Location: Tampa
Posts: 142
Default

As a business, we have seriuosly dropped our prices.
These are survival times for us, and the phone is not ringing off the hook like it was in boom times.
We will survive, but we have seriously tightened our belts.

roof cleaning is offline   Reply With Quote
Old 4th August 2008, 12:43 PM   #8
JunctionQuest
Member
 

Join Date: Aug 2008
Posts: 3
Default

We have also lowered our prices. Although I do feel we are in a recession i have seen many web based business flourishing during this time. Possible high gas prices = more web based sales. Should I drive to Wal-Mart or should i purchase xyz that offers free shipping to bring it to my door step.
People are staying home more, working from home more.

The web is global. Our economy issues are one thing, however when you are gaining sales from around the world i think this can level the issues the US is going through for a web based business. At least we hope. Many of our clients are from the UK, US and Japan.

JunctionQuest is offline   Reply With Quote
Old 18th September 2008, 03:22 AM   #9
mgi
Member
 

Join Date: Aug 2008
Posts: 16
Smile

Quote:
Originally Posted by JunctionQuest View Post
We have also lowered our prices. Although I do feel we are in a recession i have seen many web based business flourishing during this time. Possible high gas prices = more web based sales. Should I drive to Wal-Mart or should i purchase xyz that offers free shipping to bring it to my door step.
People are staying home more, working from home more.

The web is global. Our economy issues are one thing, however when you are gaining sales from around the world i think this can level the issues the US is going through for a web based business. At least we hope. Many of our clients are from the UK, US and Japan.
Well you're right on these JunctionQuest. Aside from the cost people can save, the web technology offered the people the comfort they need, buy products they need in a just a few clicks away.

mgi is offline   Reply With Quote
Old 18th September 2008, 10:36 AM   #10
Stugetz
Member
 
Stugetz's Avatar
 

Join Date: Sep 2008
Location: USA
Posts: 4
Default

Call it what ever you want. The "R" word has become just a carefully managed term that can't be used to describe reality in fear of causing a "panic".

There's no panic now, the government will bail all of us out right?

During the boom Liquidity was plentiful, now? Liquidity practically doens't exist.

Yes, the world is changing, the cheese moved, and I am moving with it.

Not really spending any money on anything that isn't necessary, Retooled my skills to hunt in better grounds. There are internet entrepenuers who say, "what Recession, I've never done better in my life" .

That said, I feel sorry for people who are waiting for the "G" to create new jobs, you got to recreate yourself to survive and thrive today.

I have become a copywriter for web businesses, I consult and Internet Marketing projects and begun to develop my own stable of websites to provide information and solutions for this problem and many more.

Stugetz is offline   Reply With Quote
Reply   

Bookmarks




Thread Tools

Get Updates
RSS Feeds:
RSS Feed for Small Business Trends Forum RSS for this Category Only: Small Business Trends Forum

RSS Feed for Small Business Ideas Forum RSS for Entire Forum
Forum Rules


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


Small Business Ideas Forum


 
At Your Business - Small Business Directory
Free Business Forms - Prewritten Documents
 
Search Engine Guide
Small business guide to search marketing

 
Small Business Brief
Fetching the Best Small Business Info


Free Links - Free Advertising
Free Guide - Online Directory



Advertise your business here
Contact us for more details!


Semantic Juice
Register now to access free Quick SEO service!


Rocket Lawyer
Sign up for free 7 day trial. Boost your biz!


Buy UPC Codes
Get your products listed online!




All times are GMT -5. The time now is 01:36 PM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright 2004 - 2018 - Privacy