Thread: Recession

Has the economic downturn affected your business in any way? If it hasn't do you expect it to?

I forsee 2009 being pretty dim or challenging to say the least.

Not really. But i recently started a mortgage, will see how it does

Eh talked up too much in the media to make it sound like it is worse than it is. I think at the moment either companies are doing really well and getting tonnes of business or not doing very and not having much business.

The two companies I work at/own are doing extremely well and we are actually having to turn away a fair bit of work because we don't have to resources/time to complete it.

My earnings have been significantly lower, and my expenses have been significantly higher (but probably not because of the recession)...

I found a pretty good way to fight the recession, stop watching CNN - it's depressing!

I think the recession talk is just plain BS.

I've seen my three companies grow steadily over the past quarter and I expect to see a 1000% growth in 2009.

If you look at "the recession", you see what -- a 10% drop in "the economy" overall?

So work 10% harder.

Yes, recession has effected my busienss alot and my busienss has droped by 50% before.

Originally Posted by Techlady

I forsee 2009 being pretty dim or challenging to say the least.

Sounds like a self fulfilling prophecy? Remember, a recession is a LAGGING indicator. B2B businesses seem to be faring well, from a revenue perspective. Cash flow seems to be the biggest concern; Consumer based businesses are likely hurting (numbers still not completely out yet), since for once, people are saving

I see all of this and it baffles me to death of just how its all going to end and when the pound to the dollar has dropped quite a bit and affected me badly but when is it going to end and how?