Webgrrls are either prospering or not feeling the effects of the current economy
Perhaps it is because they take their career and business more seriously, proactively leverage their network and participate in their community is why over 54% of Webgrrls are either prospering or not feeling the effects of the current economy or have only had to make minor adjustments to their budgets, based on the June Webgrrls QuickPoll,
We are seeing sky-high fuel prices, rising food prices, the dollar buys less and less. The value of our homes has plummeted, gold and silver prices are up (although suppressed) and the Fed printing presses are humming, small business are closing and more people are losing their jobs…all indication that we are in trouble as a nation and even globally.
Perhaps it is that Webgrrls are not affected because they are able to leverage technology to find efficiencies or they do not have to commute and can work from home or as the latest post in the Webgrrls blog, Webgrrls Wisdom, Technology: It’s Where the Jobs Are.
31% of the Webgrrls respondents have had to make major adjustments to their budgets and 15 percent have either lost their job or closed their business. Below are some quick tips to surviving the recession and I also, wanted to offer the following links to articles that have more tips to small business owners and entrepreneurs.
Webgrrls Quick Tips to Surviving a Recession:
- Watch your cash flow – cash is king during tough times
- Cut the fat/reduce your overhead – meaning all non-critical expenses
- Trim your staff – keep the high performers and replace those who are not performing well.
- Call in your accounts receivables on a more timely basis – remember the “squeaky wheel and the greaseâ€
- Do not turn away business unless the opportunity will be unprofitable.
- Work on the business not in the business – Use this time to learn new skills or to do some retooling or get the planning done that you have put off for some time.
Other links to articles with more survival tips:
1. How To Survive Oncoming Economic Turbulence
2. Surviving a Slowing Economy
3. Survival Tips
Related posts:
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Web 2.0 and Social Networking offers a lot of free and low cost opportunities to get the word out and form relationships.
The challenge is to learn how to do it in a way that will not be considered to blatantly advertise.
Recently… I have been attending teleseminars to learn the ins and outs on this and plan to put it to work for me.
My tip would be to check out the Social Networking sites and learn what you can do to make them work for you. I am just learning this, so have nothing further to share at this point.
Those things we considered for kids are being used for business. Don’t let those opportunities escape you!
Roz Fruchtman
Say It With eCards