Posts Tagged ‘Recession’

photo credit: macroninja

I recently came across an article listing U.S. economic trends that had no chance of lasting forever in this economy. The article argues that the current recession and economic downturn is causing the need for realignment between our U.S. Government and private sector’s. It is no shock that with the way the economy has been that there would be some drastic changes even in thing’s we never thought would fall. Below is a short list of the 8 U.S. economic trends that couldn’t last forever.

• Home Ownership levels.
• Low energy prices.
• Trade deficit levels.
• Consumer Savings.
• Consumer spending.

For the complete list of U.S. economic trends that are falling and a description about each one, please visit Small Business Labs.

From Business Opportunities Weblog.

photo credit: electricnude

Below are some recession indicators that you may never have thought would be a sign that we are in a recession, but when you sit down and think about each one of them, they make a lot of sense actually.

• Movie rentals at home are up more than before.
• More people are beginning to get into farming their own fruits and vegetables.
• Online dating sites increase in volume.
• Sales on neck ties goes way up.
• Sales on mens underwear goes way down.
• McDonald’s sales goes up, most likely due to their cheap menu prices.

It goes to show that during a recession it is expected to see certain sales going up for those products that are catered more towards home bound life and sales going down for those products that are catered more towards out of home bound life, as posted on BPlans.com.

From Business Opportunities Weblog.

photo credit: giuvax

Blinded by mass layoffs and the financial follies of Fortune 500 companies, we have overlooked a smaller but more important transformation: the increasing importance of small businesses in our economic recovery.

• Action is the single most important part to a small business surviving during tough economies. Those who just sit around waiting for something to turn around are the ones who will fail. Those who rise up and take matters into their own hands finding numerous creative ways to better their situation are the ones who are most likely to survive.
• Give your clients what they want and need to feel comfortable. Today more people are staying home, cutting costs, turning down their thermostats to save a little money, and more. So give them the products that entertain them while at home, make them feel comfortable and warm while being at home.
• Plans are good to have for reference, but the actual “planning” is the best way to go. Always keep planning over and over. Have a few different scenarios worked out in your mind or on paper that way your somewhat more prepared if the worst should happen.
• In the end, always test your efforts, measure their success, and then go back and do it all over again a few more times. You just may come up with better ideas along the way or maybe even better results the more you do it. As suggested on Harvard Business.

From Business Opportunities Weblog.