Many business owners, entrepreneurs and aspiring entrepreneurs are expecting for the worst and most are holding back, in doubt or frustrated with the recession that all of us are facing.
Is there a way to recession-proof your business? For aspiring entrepreneurs looking to start out, are there recession-proof business opportunities that you can tap? What are the marketing, management and hiring strategies that a business should adopt during a time like this?
To answer all the questions above, I have compiled a list, with proper categorization, of 50+ Resources to Recession-Proof Your Business. Be sure to check out the industry-related tips right at the end of the article.
The following resources will provide you with some general tips on how to get your business through a recession. They will guide you in laying down strategies and tactics for your business to face the recession. Some trivial recession resources are also added to cheer you up a little.
50 Recession-Proof Industries And What Makes Them Recession Proof Part 1
50 Recession-Proof Industries And What Makes Them Recession Proof Part 2
21 Business Success Tips for a Recession
Money and Finance
Liquidity is the determining financial factor of whether a business will continue to operate. During a recession, business owners must keep a close eye on their financial position, cut expenses wisely and be on the lookout for funding sources before making decisions to initiate any revival plans.
45 Ways for Entrepreneurs to Save Money in Recession
For aspiring entrepreneurs and first time entrepreneurs, this may seem like a bad time to start a business. However, not all companies are facing problems and there are a lot of small businesses out there that are doing pretty well despite the recession. The following are recession tips for startups.
Sales and revenue often dip during a recession. If you are looking to at least maintain your revenue or market share, recession marketing and sales tips below will be able to help you out. Remember, marketing expenses cannot be taken out completely from your budget or you will be killing your business altogether.
Online marketing does not require a lot of money. Many businesses are moving their marketing onto the Internet. The following search engine optimization (SEO), Internet marketing and social media tips will definitely help you get started. Just keep in mind of 10 social media errors to avoid when marketing online.
Human Resource Management
Are retrenchments and recruitment freezes necessary during a recession? What are the hiring and firing policies to adopt in order to survive the tough times? Read up some of the human resource management tips below to keep your payroll under control as well as ensuring a properly covered business operation.
Innovation maintains the competitive advantage of a business despite the 7 XXX of Innovation. Perhaps you should focus on creating products or introducing services that can help people to save more. If you have no idea how to start, let the following materials help you out.
Innovating In A Time Of Recession
Leadership and Management
Leadership and management have a huge influence in an organization. Both are crucial factors that help businesses to get through a recession. Tips below will provide you with a thorough idea of how you are going to lead your team and strategizing your business in order to keep it alive.
What are some of the tools that will help you in getting out of the mess? The following blog posts will show you what are the tools that you can utilize and how are you going to use them in order to get your business out of the slump.
Industry-Related Recession Tips
I scoured through the Internet and I found a long list of recession tips that are based on a wide range of industries. Try to align your business to the tips. If your sector is not covered, find the one that is closest to your industry, modify the tips a little and apply them to your business.
21 Tips to Help Your Online Business Thrive in Recession – Online Business
13 Tips to Recession Proof Your Blog – Blogger
10 Tips To Recession Proof Your eBay Business – eBay Seller
10 Recession-Busting Tips for Freelancers – Freelancers
Recession Tips For Web Designers – Web Designers
Being a Developer During a Recession – Developer
Your Tips to Recession-Proof a Business
As an entrepreneur myself, I have to admit that I am overwhelmed by all the news reports covering the recession and economy, especially on retrenchment, reputable companies reporting losses and negative market outlooks.
What are some of the recession tips that you would like to share with other small business owners and entrepreneurs? Share with us in the comment section below.
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