I hear many more people talking about when (not 'if'') the upturn comes and now seems to be a good time to think about investing in our businesses. I'm not just talking about money, although that helps - a positive attitude is the first step. The much quoted comment by Sam Walton of Walmart applies. When asked what he thought about a past recession he commented "I thought about it and decided not to participate".
Given the magic of technology and the internet it is possible to achieve an increase in marketing output whilst saving money. Combine your CRM system with some old fashioned marketing savvy to generate well targeted and cost effective campaigns. If you don' t have a CRM system, vendors have some great offers at the moment! Looking at previous recessions it seems clear that organisations who invested in marketing towards the end of a recession benefited the most as recovery started.
If you want an interesting take on how to operate in a recessions I would recommend going along to one of the Shirlaws 'Thrive not survive' workshops.
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