The COVID-19 pandemic has slapped the world with a truth bomb: no matter who you are or where you are from, you cannot escape the reality of this alarming crisis. Everyone is affected, maybe in much harder or bigger ways for some. But overall, the entire world is reeling from the economic impact of this catastrophe. >> RELATED: Coronavirus and Working from Home: Small … [Read more...] about How to Overcome Financial Crisis During COVID-19
Business Recession
Recession Strategies for Small and Home Businesses
The coronavirus pandemic has brought the economy to its knees, and economists are worried that we may be heading for 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 … [Read more...] about Recession Strategies for Small and Home Businesses
How Can Entrepreneurs Prepare for a Possible Debt Crisis in 2020?
Is a bad winter about to set upon the business community of America? This winter does not refer to severe weather or bad road conditions, but more so, the “winter of finance”, also known as a recession. Some financial experts say that a recession is something to keep an eye on as 2020 approaches. Hedge fund manager Ray Dalio stated that he believes the U.S. is heading for the … [Read more...] about How Can Entrepreneurs Prepare for a Possible Debt Crisis in 2020?
How to Recession-Proof Your Retail Business
A few years ago, I had the pleasure of listening to Victor Cheng speak about how to recession-proof your business. Victor is a well-regarded author and dynamic speaker who has appeared on Fox Business Channel and MSNBC, and been featured in the Wall Street Journal, U.S. News and World Report, SmartMoney magazine, Inc. magazine and TheStreet.com. Victor's advice is centered … [Read more...] about How to Recession-Proof Your Retail Business
Sales Lessons Learned From Selling in a Recession
The past year was definitely interesting. Some sales professionals prospered while others suffered. I spoke to one person who doubled his income—and he works in automotive sales! Yet, another well-established person experienced a decline of more than fifty percent in their sales. There are several key sales lessons that can be learned from selling in a tight economy. These will … [Read more...] about Sales Lessons Learned From Selling in a Recession