Talk Enterprise
"Your opportunity to engage with others seeking to create and grow businesses and those people who may be able to help you"

Credit Crunch

Posted in Psychology of business, For busness owners by David Johnson on the October 7th, 2008

I was reading an ‘internet article’ today about the Recession and the Credit Crunch. The basic position was that it’s down to you to sort it out. OK these may indeed be very challenging times, but you are the only person who can really sort it out. Whilst I totally agree with this statement, the flavour of the article turned me off though. It was all happy, happy - don’t think about the recession, think positive, others may be struggling but we are the winners and we keep on going! This sounds good, but is pretty difficult to achieve. In my experience the most important thing is to continually bolster your self-belief, look after yourself and accept that these are tough times, but keep on going.

On a related topic this is an interesting article on how successful entrepreneurs manage hard times - especially when the taxman is on the march!

http://knowledge.insead.edu/ToBeASuccessfulEntrepreneur080710.cfm 

I am always interested to hear from business owners about the strategies and tactics they adopt to survive and thrive in tough times.

David

Leave a Reply

This is a captcha-picture. It is used to prevent mass-access by robots. (see: www.captcha.net)

You must read and type the 5 chars within 0..9 and A..F, and submit the form.

  

Oh no, I cannot read this. Please, generate a