bls2011

While the Economy Struggles, Profits Can Be Made

In Small Business on September 16, 2010 at 6:07 pm

WHILE the slow economy has left many small businesses scraping to get by, some enterprises are finding opportunity in the carnage. They include an entire industry devoted to distressed companies. When things are booming, this sector is like the lonely Maytag repairman, who doesn’t have much work to do.

Other businesses are not as clearly countercyclical, but they offer products or services that are increasingly in demand. And those that are really nimble can capitalize on the sudden needs of consumers or fellow businesses.

Head to NYTimes.com to read stories of five small businesses that are thriving in hard times: http://www.nytimes.com/2008/05/21/business/smallbusiness/21Thrive.html?_r=1&ref=legal-issues

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: