Comments on: Perception = Recession = Opportunity http://www.vsellis.com/execution/perception-recession-opportunity/ TECHNOLOGY TRANSLATED, Making IT Makes Sense Wed, 08 Feb 2012 17:06:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Scott Ellis http://www.vsellis.com/execution/perception-recession-opportunity/comment-page-1/#comment-242 Scott Ellis Mon, 29 Jun 2009 14:42:15 +0000 http://vsellis.com/?p=195#comment-242 Rashmi - In Several ways. During an economy like the one we are experiencing, business are failing, restaurants are closing, investors (and individuals) are loosing homes. All of that means that a savvy entreprenuer or company, who manages their risk and finances tightly, can often find deals (lower cost of acquisition) or new clients who's previous vendors have gone under. Further we can look for gaps left in our markets where there is need but the competition has largely gone away after going out of business (maybe they were good but over leveraged and got caught in the credit crunch, whatever the case may be). It can also be an ideal time to start a business (I did) because you are forced to keep your costs low and run a lean, mean operation if you want to survive. Developing the ability to run that way bodes well for your future when things recover and you'll be well positioned and established in your market if you've done a good job. Specifics of "opportunity" depend largely on what industry and market you are in. Give me an example and I'll try to give you some ideas, though admittedly there many industries I know nothing about, I'll happily give it a shot. Rashmi – In Several ways. During an economy like the one we are experiencing, business are failing, restaurants are closing, investors (and individuals) are loosing homes. All of that means that a savvy entreprenuer or company, who manages their risk and finances tightly, can often find deals (lower cost of acquisition) or new clients who’s previous vendors have gone under. Further we can look for gaps left in our markets where there is need but the competition has largely gone away after going out of business (maybe they were good but over leveraged and got caught in the credit crunch, whatever the case may be).

It can also be an ideal time to start a business (I did) because you are forced to keep your costs low and run a lean, mean operation if you want to survive. Developing the ability to run that way bodes well for your future when things recover and you’ll be well positioned and established in your market if you’ve done a good job.

Specifics of “opportunity” depend largely on what industry and market you are in. Give me an example and I’ll try to give you some ideas, though admittedly there many industries I know nothing about, I’ll happily give it a shot.

]]> By: rashmi http://www.vsellis.com/execution/perception-recession-opportunity/comment-page-1/#comment-240 rashmi Sun, 28 Jun 2009 09:50:36 +0000 http://vsellis.com/?p=195#comment-240 well, i want to know in what way recession provides us opportunities?i have heard people saying that "recession-every threats creates new opportunity ".but in what way?? well, i want to know in what way recession provides us opportunities?i have heard people saying that “recession-every threats creates new opportunity “.but in what way??

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