Small Business in a Big World

October 16, 2008

Resisting Reccession: Small business needs better Business plans


Well, it doesn’t mean that because it is recession for the global economy then we all should also be in recession. Well, this is part of growing our business. And that growing is referred to us the as the ability to ride on to this recession times and re-work our business.

According to PRLog.org, the Credit Crunch is the new monster which has taken away the sleep of the Global leaders .Yet there entire effort is concentrated to save only some of the big institution . The small businesses are left alone . Yet, they are the one, who silently fuels the economy of every developed and developing nations . Still, SME’s need to save themselves , and at the same time needs better business plans to turn the liquidity crisis into an opportunity.

Fighting recession is not only an national and international goal , but it is very much also organizational and individual goal . Some businesses have always came out of recession with flying colors . And some of them have closed there shutters . The prime difference whether an organization will come with higher growth pie ,or stop the operations is dependent on how the organizational mind approaches recession. The proactive approach should reap benefits and the reactive approach should bring losses.

That’s why it is important , that small business reworks there business plan and takes pro-active actions towards recession .

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