Came across this interesting piece and thought we needed to share it with you. It’s called 4 Business Strategies To Take Advantage of During a Downturn.
In it, Russell Campbell shares some really interesting insights. Here’s one that’s particularly thought-provoking:
It doesn’t have to be a complete transformation of your company on a dime: start by gently introducing new revenue streams with the potential to expand later on. As you gauge the response, continually adjust your business plan to match where the money is coming from. Most businesses won’t be able to survive a recession without changing, but it’s equally important to make the right changes when you do. Follow the money, and the results won’t disappoint.Russell Campbell
Campbell gets pretty in-depth with his proposals in this article. If you want to dive deeper into each of them, just click on this link to Bit Rebels.