Robert Tuchman, successful entrepreneur and author of the new book YOUNG GUNS: The Fearless Entrepreneur’s Guide to Chasing Your Dreams and Breaking Out on Your Own gives out eight steps on how to start a business that actually makes money, even in this tough economy: 1. Start with self-financing. 2. Borrow, but with caution. 3. [...]
Follow @powerhomebizGovernment to Aid Small Businesses
March 17, 2009 By 1 Comment
I typically do not blog about politics or government. But like a growing number of people, I am outraged by the huge bonuses AIG will give its derivative traders — basically our tax dollars after getting significant chunks of the bailout monies. They should have just given all the AIG bailout money to small businesses! [...]
Follow @powerhomebizHow to Overcome Fear When Starting a Business – Especially During a Recession
March 12, 2009 By Leave a Comment
Overcoming your fear is one of the most difficult hurdles of starting a business. Starting a new business is such a leap of faith that it can scare the wits out of you; more so when you are leaving the comfort and security of a salaried employee. Add to that the fact that we are [...]
Follow @powerhomebizStrategies for Beating the Recession: Tips from the Experts
February 17, 2009 By 2 Comments
Times are tough and the economy is in a recession . However, the recession does not mean that opportunities have ceased to exist and that we will never come out of it. After all, people still buy things — maybe not in the freewheeling kind of spending we’ve seen before, but they are still spending. [...]
Follow @powerhomebizWinning Strategies for a Small Business During a Recession
February 11, 2009 By 2 Comments
Monroe Porter in his article “Winning Strategies in a Challenging Economy” published in the Leaders in Landscape 2009 magazine gave a good list of strategies small businesses can adopt to survive this recession. While his advice focused on landscapers, I think we can learn a thing or two from his tips: Be a leader Identify [...]
Follow @powerhomebizHow a Small Business Entrepreneur can Take Advantage of the Recession
January 13, 2009 By 2 Comments
With the economy in doldrums, are you taking advantage of the opportunities this economic recession presents? Yes, even with all the layoffs and cost cuttings, there’s some opportunities for the taking. Some examples: Purchase of vehicles for businesses — with the car industry reeling from the slump, there’s a lot of deals waiting in the [...]
Follow @powerhomebizBusiness Ideas for Tough Economic Times
December 16, 2008 By 3 Comments
Given that we are in the middle of a recession, if you were to start a business, what would it be? Where do see the opportunity? That’s a very interesting question to ponder, especially for entrepreneurs willing to capitalize on opportunities available. I’ve seen a number of responses, blog posts, opinions on the types of [...]
Follow @powerhomebizHome Business Weekend Ideas During a Recession
December 9, 2008 By 2 Comments
Someone asked for advice on what part-time home business can he do now when the economy is in a recession. He is looking for a business that he can do from home on weekends. He has already tried getting a stall in the market, and offering DJ services — which both failed miserably. When the [...]
Follow @powerhomebiz10 Things Small Businesses Can Do During a Financial Crisis
September 29, 2008 By 2 Comments
If you have invested in stocks, chances are like me, you’d be having a heart attack when looking at your portfolio. My cure is simple: just don’t look at it right now. When things go down, it always go up — maybe not next month, but next year or so. Hopefully. Congress has just rejected [...]
Follow @powerhomebizMaximizing Your Price in a Soft Economy
June 25, 2008 By Leave a Comment
Establishing maximum value for your price is never easy. In today’s volatile economy, it’s even more of a challenge. For most companies, costs are increasing, yet the ability to pass them along to the customer is fraught with numerous roadblocks. The customer’s response to a price increase is rarely positive, with the usual line of [...]
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