Tuesday, February 05, 2008

Bad or Good Times?

The New York Times has an article about some of the things that Small Businesses are facing during these economic times.

While the NY Times paints a somewhat down picture (isn’t this what newspapers do?), the truth is this is a great opportunities for small business owners. At the first sign of troubles corporations start letting people go even if it causes them long term harm because they are only look at this quarters financial numbers.

This is the perfect opportunity for small businesses to show that they provide the best customer service and they will not slack during the off times.

Your suppliers will be looking to move inventory and that is good you. It’s time to get better terms from your suppliers as they are going to have access inventory and that is an opportunity for you to get better merchandise for the dollar.

Don’t listen to everyone who cries doom and gloom. Look at these times as an opportunity to grow and improve your business, it is an opportunity waiting for you.

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