There’s a recession going on and if you are like many other entrepreneurs, you’re sweating a little. Gas prices are fluctuating wildly. The markets are on a crazy roller-coaster ride. What is a small business owner to do? In Busnessweek.com, Nick Leiber has thoughtfully collected ten resources to give nervous entrepreneurs ideas on how to stay afloat.
The first link is specifically concerned with raising capital in an economic downturn. It covers venture capitalism, shoestring budgets, and angel investors. He also thoughtfully provides a link to an overview of the basics.
Leiber continues with successful strategies in fighting a recession, including getting good deals on real estate. There is also links to podcasts from experts that give advice on surviving or selling in bad markets, as well as a slideshow on industries that will probably suffer the most. Marketing is not overlooked with five things you shouldn’t do, and there is good advice for hiring and firing in these bleak times.
So with advice covering subjects from raising capital, budgeting it, and spending it to advertising, selling, and managing, waiting out our sick economy and thriving is more than a dream; it’s a possibility. Yes, these times are tough, but you are not alone. You have many suffering with you, and – on a happier note – there are many more that have the knowledge, resources, and motivation to help you.
