There’s an interesting story on the BBC website today on how a small retail business is not just coping but succeeding in the recession by adapting to market changes. Like every other business owner, Carl Bradley, owner of a computer and TV shop n Eastbourne, East Sussex, experienced a drastic fall in sales and income last year and was forced to put expansion plans (plus new home) on hold to adjust to the falling economy.
With some clever strategic changes to the stock he holds and brining new lines, he is now seeing the benefits. A flexible business model, using contractors instead of employees, also gives the business room to manoeuvre. Read the story in full: Firm’s recession roller coaster ride.
Source: Microsoft Small Business