Will The Recession Come to an End

We are all wondering the same big question….when will this recession come to a final end? We are all sitting around hoping, praying and looking to the government and our new president to tell us when this will be all over. On Tuesday chairman Bernanke put thing’s into somewhat of a perspective for us.

Mr. Bernanke stated that a full recovery for the recession is at least a full year away still, and that is only if things go exactly as planned right now. He stated that if the government, congress and federal reserves actions are to go as planned then 2010 will be our year of recovery. Can we wait that long? Will there be small steps of help during this year to get us by?

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Starting a Business in a Recession

Many people are scared of starting a business during a recession. Times are tough, and people are not spending -- which makes the idea of starting a business in a downturn even more daunting.

But an economic downturn shouldn't stop you from pursuing your business endeavors. As they say, the right time to start business is when you have a great idea, recession or not. With the right business idea, where your product or service will benefit customers both in good and bad times, you can beat the odds and succeed even in an economic downturn.

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Where to Find Economic Resources in a Recession

Education is another big upside to a recession; as the picture darkens, people begin to wonder why this is happening.

The spike in interest means more markets for those who can explain recessions, and the result is a whole new wealth of material that can benefit anyone with a vested interest in the economy.

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7 Recession Effects of the Recession Cycle

At present, the economic cycle has entered into a recessionary phase, and this could have a negative impact on your business.

Given below are 7 effects that the economic cycle can have on your business.

Consumer Spending Might Go Down.

As consumers tighten their purse strings and spend their money just on essential items, there could be a decrease in your sales, especially if you are dealing in non-essential items.

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Recession hits everything. Even the funnies.

Brenda Starr, girl reporter, was laid off this weekend by her newsroom boss B. Babbitt Bottomline. She’s not alone in her comic axed-ness — office cubicle mainstay Dilbert was fired earlier this year for starting his own business on company time. Of course, Dilbert only started the business because he knew he was next in line to get laid off anyways. We don’t know what Brenda’s doing next — Dilbert, it seems, has become an entrepreneur.

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Reflections on Leaders in Crisis: How are you handling these challenging times? What's working for you? What's not?

Last week I spent four days working with a department within a large organization that is and has been in crisis for the past six months. They have had lay-offs, positions have been eliminated, all staff were mandated to take 4 unpaid furlough days, and personnel changes made at higher levels in the organization are circling around the department wondering how much more can be cut. Needless to say, leadership is stressed out; under incredible pressure to produce results with fewer and fewer resources. I am there to develop the leadership team so that they can stay focused on their priorities and build and grow the department and its staff. Below are my reflections on this time working with these incredibly courageous and inspirational leaders.

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How to Start a Business in a Recession

oo often, many would-be entrepreneurs spend all of their time planning their corporate structure, getting all of the necessary permits, licenses, bank accounts, and doing all of the other minutiae of business before they actually figure out whether or not they actually have a product or service that someone will pay for.

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Marketing in a Recession: 5 Ideas to Win Sales

Given below are 5 effective and affordable marketing ideas that will help you win sales during a recession.

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Businesses You Can Start in a Recession

There are many small businesses that continue to thrive in the face of tough economic times. Some businesses, in fact, continue as though no economic downturn had occurred.

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8 Ways to Recession-Proof Your Business

During a recession, your small business is constantly under financial attack from all sides; dwindling sales, increasing expenses and customer and employee retention problems.

Here are 8 ways to recession-proof your small business – and come out of the recession stronger than ever.

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What a Recession Means for Your Small Business

Here is what a recession could mean for your small business - and the measures that you could take to remain least affected by an economic downturn.

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Stabilizing Your Business

In today’s economy, small business owners are getting advice from their advisor’s and tax consultants left and right to lower prices, cut staff, cut pay and sick day’s as well as cutting out vacation days. However, there are several other options that a small business owner can take advantage without letting go of their 10 year veteran employee.

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Surviving a Downturn

From a business owner’s perspective, whether Maine’s economy is in a recession or not is somewhat immaterial. Like sailing the Maine coast, managing a small business in Maine’s challenging economy can be difficult even during the best of times. In the midst of an economic downturn, however, the activity becomes essential and doing it well is often the determining factor between staying afloat and going under. Whether good times or bad, businesses often find themselves in the middle of a cash crunch and need to know how to steer the business back to ‘safe harbor’.

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Online Tools To Keep You In Control Of Your Finances

by Amanda

It’s never too late to gain control of your personal and business finances. You’ve weathered the recessional storm this long so why not try a few new tools to help you maintain the momentum. Spring seems like a good time to me to make a fresh start. I feel renewed and energized to make some much needed money management improvements.

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Recession Has Its Upside For Mobile

By Tim Hay

While the cooling of the world’s economy has slowed the pace of business at nearly every level, the recession has changed the game considerably for developers of new mobile technologies – in some cases even opening up new and unforeseen opportunities.

“It’s easy to be gloom and doom” about the economy, said Mark Lowenstein, managing director of industry analysis firm Mobile Ecosystem. “But things are still reasonably good. Mobile is over-indexing the rest of the economy…We’re seeing growth in non-traditional players.”

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Ways to Bounce Back from Setbacks

Everywhere you look, read and hear…people are being laid off left and right or out right fired from their long time secure jobs. Everyone is beginning to wonder how they will bounce back from this recession. Karen Salmonsohn recently answered how to bounce back from your setback with a few ideas of her own.

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Tough Times Call for New Ideas

It's a scary time to own a business, and the knee-jerk reaction may be to just keep chugging along and wait out the financial storm. But that's a risky decision.

This recession is expected to be longer, deeper and deadlier for businesses than any this nation has seen in decades.

The savviest entrepreneurs right now aren't hunkering down. They're rethinking their business models and hunting for new strategies based on the assumption that consumer spending won't be rebounding to prerecession levels and that the types of products and services people want will be much different from before.

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The "R" Word and Small Business: It's a Jungle Out There!

Turn on your television to watch the news, read your morning paper, everywhere you look the word "recession" rears its ugly head. It's amazing to me that a word that was mostly avoided up to a year ago and was "something we were not in" according to the past administration, suddenly became the vocabulary of the day.

My theory is, if the government really would like to know when a recession will occur, interview some SBDC consultants. Based on what happened back in the early 90's and what has happened recently, there are certain predictors we often see in terms of the small business habitat.

Not unlike Marlin Perkins and Wild Kingdom, we can do a little safari run, and look at some of the predictors we see that indicate we may be coming into a "dry season."

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