Comments on: Top Ten Ways To Grow A Business In A Recession

By: » Top five ways to grow a business during a recession.

» Top five ways to grow a business during a recession. — Wed, 07 Oct 2009 20:34:39 +0000

[...] are investing in market share growth. According to an online guest post by Neil Belenkie on the Small Biz Bee, there are 10 key ways to keep your business thriving during a recession. Of those 10, here are the [...]

By: smallbizbee

smallbizbee — Wed, 11 Mar 2009 16:39:06 +0000

@Eric
Good point. Many times businesses will want to cut their ad spend to save money. To me that’s like cutting off your nose to spite your face. It’s a downward spiral that will do nothing to help you weather the storm. Wise ad spending in a recession is definitely an investment into your business today and in the future when we pull out of the tough times.

Matt

By: smallbizbee

smallbizbee — Wed, 11 Mar 2009 16:31:57 +0000

@Tumblemoose
All the credit goes to Neil, he did a great job with this article.

Matt

By: smallbizbee

smallbizbee — Wed, 11 Mar 2009 16:31:08 +0000

@Wayne
I’m with you on that one. There is so much doom and gloom, perpetuated by the media, that you really shouldn’t pay attention to it all. You’d drive yourself crazy, and end up feeling like there was no hope, when I think quite the opposite is true.

Matt

By: Neil

Neil — Wed, 11 Mar 2009 14:34:39 +0000

@Wayne: I actually like to see all of the recession hype because it helps to keep away competition. There is no better time to grab marketshare than when all of your competition has dropped anchor hoping to ride out the economic turmoil. Not to mention the additional benefits of the negative press keeping away new entries to market.

That being said, you are absolutely correct in the bad press perpetuating the recession. The economy needs the press to stop trying to sell newspapers and start trying to sell hope.

Best Regards
Neil

By: Tumblemoose

Tumblemoose — Wed, 11 Mar 2009 06:42:03 +0000

@Matt: Another one hit out of the park.

@Neil: Excellent post. Great tips, succinct. You get right on it without a lot of mumbo-jumbo. Worthwhile tips – printworthy

Cheers!

George

By: Eric B.

Eric B. — Wed, 11 Mar 2009 05:02:24 +0000

Most importantly, don’t stop marketing. Now is the best time to promote your business while there are fewer competing voices. Marketing is not an expense; it’s an investment!

By: Wayne Liew

Wayne Liew — Wed, 11 Mar 2009 04:26:54 +0000

I would like to add one more point to the list – Stop Watching or Reading Recession Reports.

I don’t know whether it is completely right to do so but reading these news reports, feel bad and dwell on it will definitely not get your business anywhere. It just keeps you from trying because you will be so pessimistic.

Good article by the way,
Wayne Liew

By: Neil

Neil — Wed, 11 Mar 2009 00:53:47 +0000

Hi Andy
It could take another article to cover it but you’re absolutely right, never be stagnant. What people don’t realize is it doesn’t have to cost money to look for new opportunities and refocus a business.
Thanks for your comment.
Neil

By: smallbizbee

smallbizbee — Tue, 10 Mar 2009 23:39:23 +0000

@Andy
I’d agree, and think Neil did a great job explaining that. Diversifying income streams and product lines will help you not only weather the storm, but grow in any economic climate.

Thanks for coming by,
Matt