how to survive 2012 – Latest how to survive 2012 news – IHC Movie 2012: Clever marketing to increase ticket sales : In …

December 10th, 2009 by admin

Ok so 3 more posts today that I’ve dug up – I’m an information JUNKIE on this stuff lately. Give em a browse and let me know what ya reckon. They’re just from a few different sites I’ve been surfing lately that are generally good for information like this…

IHC Movie 2012: Clever marketing to increase ticket sales : In …

39;s really messed up that there's an effing lottery to survive. Whaaatev. Emily says: August 28, 2009 at 12:53 pm. Although we believe the most that will happen in 2012 is shoddy cell phone reception and the pretty northern …

How To Survive The 5 Basic Survival Skills | blog.2012pro.com

Acquiring survival skills is an ongoing process that will last for your entire life. There is always more to learn and experience, which is part of the fun of.

:: yoeshai ::: who will survive 2012

who will survive 2012. “Benarkah dunia akan kiamat tahun 2012 mendatang? Inilah sebuah petualangan dalam kisah kepahlawanan tentang krisis global yang mengancam keutuhan dunia dan alam semesta. Dalam film 2012 besutan Roland Emerich …

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Have a great day!

Staff Retrenchment Isn’t The Answer

Retrenchments occur because they save money. In almost every business, wages and other staff costs are the biggest or second biggest expense. Retrenching 20% of 50,000 or 10,000 staff saves huge amounts of money. And you still have 40,000 or 4,000 employees remaining to reorganize to share the workload.

Retrenching 5 of 20 or 2 of 10 employees produces modest savings. And in a busy small business it’s more difficult for 20 staff to do the work of 25 or 8 to do the work of 10 than for 40,000 to be reorganized to do the work of 50,000.

Retain Your Staff: Reduce Your Profits

Are you prepared to work on reduced profit margins so that you can retain staff? Almost all your competitors will retrench staff, reduce prices and cut costs. But their service standards will drop. Their revenues will fall. They might maintain a 25% gross profit. But 25% of severely reduced recession revenues may be less than 20% of pre recession revenues. Your objective is to maintain a viable business for the next 2-3 years so that you can regain good gross profit as quickly as possible.

Be Ready For Intense Competition

Recessions create competition. Expect your competitors to use all sorts of tactics to frankly, put you out of business. They’ll reduce prices, extend credit lines, offer bulk discounts, target your best clients and staff and even spread misinformation about your financial viability. Don’t be surprised when this happens. Be ready for it.

It’s Bargain Time

Recession time is bargain time. I don’t advocate wanton spending merely to “snap up” bargains. But during a recession, you should also be able to negotiate lower prices from suppliers. You may even be able to renegotiate and extend current leases at favourable terms. Of course, you must have the cash flow to support such expenses. Don’t overextend just for a “good price”.

Recessions Create Winners As Well As Losers

During the Great Depression, employees who kept their jobs, even with reduced wages, improved their living standards. Wages may have reduces by 50%. But prices for commodities such as eggs, milk, meat, bread, sugar and similar staples fell by up to 80%. Many companies too, stayed in business with reduced revenues. But their expenses also fell. And they gained new clients from businesses which closed. It may be doom and gloom for many. But if you can survive you should also thrive. Make recession a positive self fulfilling prophecy for your business.

Conclusion

When your business survives the recession, it will be leaner and better focussed. You’ll have better systems, better expense control, higher performance standards, more dedicated customers and more committed staff. Put simply, you’ll have a far more effective business than you had prior to the recession. And that’s the biggest benefit of all.

Leon Noone invites you to contact him on http://www.leonnoone.com where you can collect your free copy of his 42 page Special Report: “5 Proven Methods For Improving Employee Performance On The Job”. He’s published books on staff selection and team development as well as various video, text/audio and self instruction programs on selection, training, motivation and performance systems.