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Thread: How to keep business alive in this recession

  1. #21
    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Heating View Post
    Your comments are nice to read but at the end of the day I have not received any useful information on how to keep my business afloat.
    To keep your business afloat, money going out has to keep pace with money coming in. If you can't move the dial on money coming in, you have no choice but to make the needed adjustments to the money going out. Cutting expenditure, especially overheads is way more unpleasant than doing stuff that generates more income, but invariably it is the part you have more direct control over.

    Sure, don't stop looking for ways to increase sales. But while you're doing that, don't neglect taking the needed steps to sort out the expenditure side of the equation.
    The trouble with opportunity is it normally comes dressed up as work.

    Alcocks Electrical Services | Alcocks Pest Control & Entomological Services

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    I have seen most of the owners of small business look for a job when there is slump in there business. My former boss did the same when there were not many clients left with her so she cut her losses and start a job to recover while her business manager was running her business.

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    Quote Originally Posted by ians View Post
    Do what people complain about all the time...crime for example...people are scared so they use up all their resources to protect their families...get in on the action while its still hot...anything to do with security is good business...for example every man and his dog are installing cctv kits...you can buy them cheap cheap cheap and do hit and run projects to make a few bob to keep you going while you find another source of income...just dont get caught up in the "system" overdrafts and credit card debt...we all make this mistake and when times are tough the system has no pity for you and your problems they just want their money to fuel the system...so many companies get caught up in it which results in the 95 % fail rate of business in SA...its not recess that kills business...its the debt to the system that kills a business.

    The fact that cctv cameras cant identify most criminals is not import...it makes people feel a sense of security...at least they get to watch the movie afterwards....take their money while they still think its a solution to preventing crime.
    Lol, " take their money ". Good sense of humour but also love the way you think. Very useful input.

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    Quote Originally Posted by Dave A View Post
    Assuming the thieves don't steal the recording device
    thats why smart people do 2 things...put the dvr in a secure locations...and leave a dud unit next to the tv.

    use a wireless hdmi to view so that the dvr can be put i a safe place where people cant get to it.

    now with network cabling being used...it makes it a little easier to hide

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    Quote Originally Posted by Heating View Post
    Lol, " take their money ". Good sense of humour but also love the way you think. Very useful input.
    At the end of the day...you have to do what it takes to survive...focusing on something different...even if it is only a temporary solution for right now.
    Last edited by ians; 02-Nov-18 at 06:46 AM.

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    Yes, you absolutely right. Doing what it takes to survive is a real harsh reality.

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    Yes, this political climate is surely not helping at all.

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    Yes, it's always good to have a positive attitude. It does help one to carry on.

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    However, a poor economy doesn’t have to force you to close your doors. In fact, you can prosper even in rough times simply by being mindful of what is going on around you and in your market.
    - Take Decision Analytics According to Latest Data
    - Get Online and Stay Always Online
    - Connected People with Mobile
    - Maintain Your Online Business ROI
    - Cut back on unnecessary expenses
    - Increase your budget and expenses with respect to marketing and advertising

  10. #30
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    Quote Originally Posted by Heating View Post
    Yes, it's always good to have a positive attitude. It does help one to carry on.
    Thank you

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