Comments on: How to Spot Business Opportunities in a Recession http://www.victorcheng.com/business-opportunities-in-recession Fri, 13 Jan 2012 21:53:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ron McFarland http://www.victorcheng.com/business-opportunities-in-recession#comment-98 Ron McFarland Fri, 21 Aug 2009 23:13:15 +0000 http://www.victorcheng.com/?p=1050#comment-98 Talking about opportunities in a recession it is not just growing through competitors' customers. Over the past two years, I have been lucky to work with researchers here in Japan. These people go where no man has gone before. They create whole new products for markets where there is no competition. I happen to market globally, so I can always find a new and growing market. With in a recession or boom times, there will always be great opportunities. Ron in Tokyo Talking about opportunities in a recession it is not just growing through competitors’ customers. Over the past two years, I have been lucky to work with researchers here in Japan. These people go where no man has gone before. They create whole new products for markets where there is no competition.

I happen to market globally, so I can always find a new and growing market.

With in a recession or boom times, there will always be great opportunities.

Ron in Tokyo

]]> By: Bruce Rossiter - CEO Zoom Sales & Marketing http://www.victorcheng.com/business-opportunities-in-recession#comment-96 Bruce Rossiter - CEO Zoom Sales & Marketing Fri, 21 Aug 2009 17:42:19 +0000 http://www.victorcheng.com/?p=1050#comment-96 I saw a presentation at the Silicon Valley American Marketing Association early this year that underscores your point - Companies that kept their marketing budgets the same or at a higher level during each of the recessions since 1970 significantly outperformed their competitors during the recessions and continued ahead for two to three years following the recession. I saw a presentation at the Silicon Valley American Marketing Association early this year that underscores your point – Companies that kept their marketing budgets the same or at a higher level during each of the recessions since 1970 significantly outperformed their competitors during the recessions and continued ahead for two to three years following the recession.

]]> By: Daniel Santana Vega http://www.victorcheng.com/business-opportunities-in-recession#comment-95 Daniel Santana Vega Fri, 21 Aug 2009 16:11:21 +0000 http://www.victorcheng.com/?p=1050#comment-95 Victor, Totally right on this point, you can't lay down and pray for a better economy. You have to overlook the gloom and doom and make things happen in whatever segment of the industry you are in. The mantality has to be that you are the business and that people come to your business because of YOU. My motto is the more I market myself the more money I will earn. "Always be helping someone." Victor, Totally right on this point, you can’t lay down and pray for a better economy. You have to overlook the gloom and doom and make things happen in whatever segment of the industry you are in. The mantality has to be that you are the business and that people come to your business because of YOU. My motto is the more I market myself the more money I will earn. “Always be helping someone.”

]]> By: Victor Cheng http://www.victorcheng.com/business-opportunities-in-recession#comment-94 Victor Cheng Fri, 21 Aug 2009 15:59:06 +0000 http://www.victorcheng.com/?p=1050#comment-94 If your business is fundamentally sound and you have strictly an inventory financing problem (e.g., you have customers, they buy, you're just perpetually out of stock), the usual solutions are: 1) fire sale the slow moving products to free up cash to invest in inventory of better selling products, 2) get inventory financing (try www.prosper.com if your numbers are good but risk-adverse banks won't touch you), 3) cut inventory levels of all products (so you have less cash in inventory) and re-order more frequently (Wal-mart for example re-orders their stock daily to minimize cash tied up in inventoyr) If your business is fundamentally sound and you have strictly an inventory financing problem (e.g., you have customers, they buy, you’re just perpetually out of stock), the usual solutions are:

1) fire sale the slow moving products to free up cash to invest in inventory of better selling products,

2) get inventory financing (try http://www.prosper.com if your numbers are good but risk-adverse banks won’t touch you),

3) cut inventory levels of all products (so you have less cash in inventory) and re-order more frequently (Wal-mart for example re-orders their stock daily to minimize cash tied up in inventoyr)

]]> By: kim r. http://www.victorcheng.com/business-opportunities-in-recession#comment-93 kim r. Fri, 21 Aug 2009 13:39:09 +0000 http://www.victorcheng.com/?p=1050#comment-93 If we only had more money,we could buy more merchandise. We have a great customer service and clients but not enough money to buy merchandise. We have tapped all financial avenues. So, how do we get money? If we only had more money,we could buy more merchandise. We have a great customer service and clients but not enough money to buy merchandise. We have tapped all financial avenues. So, how do we get money?

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