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Showing posts with label Recession Strategies. Show all posts
Showing posts with label Recession Strategies. Show all posts

Wednesday, April 8, 2009

Recession-Proof Your Business By... Hiring Dwight Schrute?!

According to Professor Katie Liljenquist of Brigham Young University, by adding a "socially distinct newcomer" like Dwight to your team, you can achieve added diversity and make your group-work more efficient (efficiency being especially significant in the midst of this recession). The Globe and Mail's Sarah Boesveld reports that mixing up the social dynamic of your office can help to deter groupthink and result in critical thinking and richer decisions.

I don't think diversity and cohesiveness are necessarily mutually exclusive. For example, the team here at MB is composed of individuals with unique backgrounds, plus we really are a cohesive, successful and social group. I think the key is having team members with the confidence to speak up and voice their ideas. Most importantly, if your staff cares about your company and achieving your collective goals, they won't allow complacency.

Monday, February 16, 2009

Recession Strategies, A boom industry in 2009

During a recession it may be tough to find a job, sales, a loan, new business opportunities, market confidence, a dot.com boom, and so on.

One thing that you can find in abundance is free advice.

A quick search on google for: “Recession Strategies” 2009, returned over 6000+ results. A few clicks into the results and you will find links providing: 3 Recession Strategies, 5 Recession Strategies, 7 Recession Strategies, and 10 Recession Strategies.

I’m not sure if more is better, but after reading through the numbers, it seems to me that the strategies for surviving a recession are mostly just good overall business principles. If you’re afraid of how your business is going to survive, here’s what you need to know:

- Be proactive with your market, get out and meet people.

- Provide above and beyond service to win customers over and beat out the competition.

- Work with your partners to develop new opportunities.

- Focus on your core business, don’t waste time spinning your wheels on activities outside your expertise.

- Treat every lead like gold.


If you are not afraid of the recession, then my guess is that you already know this.