Dear Students i read 10 effective ways abput how a business can make growth ion the periuod of recession.. which is a period of trade cycle in which business goes down from boom. The first [pint of growing business include budget responsibility. Mean ur each pany invest on product should give u some revenue. otherwise dont invest it. 2nd while making decision u should have fact and figures ..otherswise u will not ucceed. 3rd be strategic mean u should tink deeper that which thing convince ur customers to cameback.. These are some rules from those Tenw which convince me.. for further information plz visite given link
Reference: http://smallbizbee.com/index/2009/03/10/top-ten-ways-to-grow-a-business-in-a-recession/
3 comments:
Practical steps to protect and nurture one's business. Relevant info in today's environment Azad.
Sure! coz these are basic things by acting upon a business can take stand when he is going from the stage of Boom to the Recession..
DEAR THAIR, THESE ALL ARE THE NECESSARY THINGS A COMPANY MUST KEEP IN VIEW WHEN ECONOMY IS IN NOT RECESSION. RECESSIONIS ACTUALLY A SITUATION WHEN FACTORS OF PRODUCTION ARE FULLY UTILIZED, AND SCARCITY OF RESOURCES EFFECTS THE ECONOMY. FOREXAMPLE IN BOOM PHASE UNEMPLOYMENT IS ALMOST NILL, ONLY NATURAL RATE OF UNEMPLOYMENT PREVAILS IN THE SOCIETY AND EVEN IF YOU YOU WANT TO TAKE A NEW LABOURER HE WILL DEMAND A LOT OF MONEY. THIS IS THE SITUATION IN ALL OTHER FIELDS SO COST OF PRODUCTION GOES REALLY UP AND DECLINE STARTS. IN RECESSION IF YOU WANT TO BE SUCCESSFUL THEN YOU HAVE TO BRING NEW TECHNOLOGY,REDUCTION IN COST OF PRODUCTION ETC. HOWEVER FEW OF YOUR POINTS ARE REALLY VALID SUCH AS FIRST ONE IN RECESSION NON DEVELOPMENTAL EXPENSES MUS BE REDUCED.
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