So what types of businesses are booming in a recession and where are companies focusing their resources?
The UK the Government is ploughing millions of pounds in to training to save the British economy. President Obama has his $825 billion plan to jump-start the US economy and create or save up to 4 million jobs. With an additional $102 billion going to help victims of the recession with unemployment insurance, health care, food stamps and job training. (USA Today 15/1/09)
Output is falling and firms are laying-off staff or going to a shorter working week, everyone will need to spend time on education and training so they can keep their ahead of the game or they will end up having even more free time on their hands.
Training and education businesses see all this change as good for them and their staff. Many trainers and training companies which are funded through government indicatives, are training people back in to jobs and are seeing business grow.
Many people believe that getting more education is the only way to stand any chance of getting ahead. Everyone seems to be looking for that something that will win the next order. Owners of small business, solo-preneurs and consultants are all spending as much of their free time getting as much education as they can while they have time on their hands. An investment in learning is what many are hoping will make them more appealing to their companies and their clients.
This recession will fuel a massive leap forward in learning, especially in social media and in the way people communicate and use technology. People are gradually becoming expert in blogging, social media marketing and use of tools such as YouTube and even using Second Life for business by creating training environments for their consultancy based businesses.
Small entrepreneurial businesses will choose to work from home and have virtual offices on the web instead of actual premise in order to keep their overheads to a minimum. I expect that Second Life will be used in a much more business savvy way. The creation of virtual training rooms will be next to become mainstream for staff within large companies to train at times to suit their companies.
The recession will lead to a massive technology and communications revolution. Possibly as significant as the Industrial Revolution at the turn of the last Centaury!
Business owners will need face to face opportunities and work their connections to win business today. A significant increase in local networking memberships has already been reported. In the past, people may have become TOO busy to attend such meetings but now with more time and less business being available, people are getting out and making those contacts count by developing longstanding relationships.
One strategy I'm seeing being adopted by many consultants is, 'let me do the work and pay me AFTER I get you the results'. That takes away the objection of 'cash flow' way that is preventing companies from doing anything new. This approach works for many consultancy business owners who work from home and have the advantage of no/low overheads which makes it a viable option they are willing to offer. - 16890
The UK the Government is ploughing millions of pounds in to training to save the British economy. President Obama has his $825 billion plan to jump-start the US economy and create or save up to 4 million jobs. With an additional $102 billion going to help victims of the recession with unemployment insurance, health care, food stamps and job training. (USA Today 15/1/09)
Output is falling and firms are laying-off staff or going to a shorter working week, everyone will need to spend time on education and training so they can keep their ahead of the game or they will end up having even more free time on their hands.
Training and education businesses see all this change as good for them and their staff. Many trainers and training companies which are funded through government indicatives, are training people back in to jobs and are seeing business grow.
Many people believe that getting more education is the only way to stand any chance of getting ahead. Everyone seems to be looking for that something that will win the next order. Owners of small business, solo-preneurs and consultants are all spending as much of their free time getting as much education as they can while they have time on their hands. An investment in learning is what many are hoping will make them more appealing to their companies and their clients.
This recession will fuel a massive leap forward in learning, especially in social media and in the way people communicate and use technology. People are gradually becoming expert in blogging, social media marketing and use of tools such as YouTube and even using Second Life for business by creating training environments for their consultancy based businesses.
Small entrepreneurial businesses will choose to work from home and have virtual offices on the web instead of actual premise in order to keep their overheads to a minimum. I expect that Second Life will be used in a much more business savvy way. The creation of virtual training rooms will be next to become mainstream for staff within large companies to train at times to suit their companies.
The recession will lead to a massive technology and communications revolution. Possibly as significant as the Industrial Revolution at the turn of the last Centaury!
Business owners will need face to face opportunities and work their connections to win business today. A significant increase in local networking memberships has already been reported. In the past, people may have become TOO busy to attend such meetings but now with more time and less business being available, people are getting out and making those contacts count by developing longstanding relationships.
One strategy I'm seeing being adopted by many consultants is, 'let me do the work and pay me AFTER I get you the results'. That takes away the objection of 'cash flow' way that is preventing companies from doing anything new. This approach works for many consultancy business owners who work from home and have the advantage of no/low overheads which makes it a viable option they are willing to offer. - 16890
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