The recession is over, these entrepreneurs in the trucking industry survived and came out stronger the lessons can translate across industries. Last year was a tough year for toy companies - except for lego during 2009, when most companies were holding tight to ride out the recession storm, lego's profits soared 63% exploration of the global market was the key to this company's recession-bucking success.
Companies that master their operations and get right what matters to customers can not only remain competitive, but also win the brutal game of market share that is the long slow climb toward economic recovery. During 2009, when most companies were holding tight to ride out the recession storm, lego's profits soared 63% exploration of the global market was the key to this company's recession-bucking.
It seemed obvious that savvy behemoths like google or apple would come out of the recession with their dignity and their profits remaining but for many the recession seemed like it could have been the end yet many companies that had the odds stacked up against them survived and even thrived during the recession.
Seventeen percent of the companies in our study didn’t survive a recession: they went bankrupt, were acquired, or became private the survivors were painfully slow to recover from the battering.
Companies that fail to continually invest in business improvements, training and marketing are way behind when the economy recovers in terms of training, consider how to cross-train your team members while business is slow.
As a small-business owner, you can help lead the way out of the recession start with your employees, move to your vendors, and then support your customers and your market area announce the good news, and everyone will line up.
Companies in the business of providing tools and materials for diy projects are likely to see an increase during recession, as will many appliance or home repair service people home staging experts in a recession, it typically becomes more difficult to sell homes. How an industry survived the recession meldrim decided that there was one way to survive, dump assets the recession taught the trucking industry how to get lean, shift strategy and find. Recession-proof businesses are traditionally defined as industries that either thrive during rotten economic times or at least survive unscathed the global financial crisis of 2007-2009, however, rewrote the rules about recessions. Recession power: 7 reasons great companies rise to the top, even during recessions by denise corcoran last updated: feb 20, 2014 how you perceive and respond to a recession will determine whether your business grows profitably or fights for survival.