There are many versions of the old adage, “When the economy catches a cold, the poor have pneumonia.”
A poll on LinkedIn asking about business spending patterns shows a wide range of responses to how much the economic downturn is effecting spending patterns (self-reported) of businesses. At last look, 100% of those in large enterprises reported [...]
Entries Tagged as 'recession'
Who Suffers Most?
September 15th, 2009 · No Comments · Opinion
Tags: Business and Economy·economic downturn·economy·LinkedIn·necessities·old adage·pneumonia·recession·risk of failure·Small business·small businesses·socialism
Chasing the consumer dollars during recessions
December 23rd, 2008 · No Comments · Business Models, Consumer Products, Free Resources, Resources for New Business
McKinsey has published a chart that depicts the changes in spending trends during recessions. The key points here are that consumers will spend a bit less overall but dramatically shift their spending in a number of categories.
The good news here for start-ups is that there are consumers in the market looking to replace their old [...]
Tags: bad time·consumer dollars·consumers spending·home cooking·how to save money·LinkedIn·mckinsey·recession·recessions·spa restaurant·spending habits·spending trends·start ups·start-up