http://naijaecash.com/how-to-survive-difficult-economic-times/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-survive-difficult-economic-times Nigerian Entrepreneurs Make Money Online | Small Business Owner Survival Tips Tue, 07 Feb 2012 03:29:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://naijaecash.com/how-to-survive-difficult-economic-times/comment-page-1/#comment-2946 NaijaEcash Thu, 08 Apr 2010 07:05:42 +0000 http://naijaecash.com/?p=351#comment-2946 My advice is that the fellow should do a thorough appraisal of the present position to determine how big the mess is. After that, he or she should seek for help. My advice is that the fellow should do a thorough appraisal of the present position to determine how big the mess is. After that, he or she should seek for help.

]]> http://naijaecash.com/how-to-survive-difficult-economic-times/comment-page-1/#comment-2920 Helyn-Christyanne Thu, 25 Mar 2010 18:34:17 +0000 http://naijaecash.com/?p=351#comment-2920 What you said is true. I'm a witness to that. Bad news spreads fast. A close friend of my almost got hypertension,because creditors called on her on phone every now & then,asking for their money,all at a time. My question now is this: how can someone,already in this mess, help himself? What you said is true. I’m a witness to that. Bad news spreads fast. A close friend of my almost got hypertension,because creditors called on her on phone every now & then,asking for their money,all at a time. My question now is this: how can someone,already in this mess, help himself?

]]> http://naijaecash.com/how-to-survive-difficult-economic-times/comment-page-1/#comment-1573 NaijaEcash Mon, 09 Feb 2009 07:16:45 +0000 http://naijaecash.com/?p=351#comment-1573 @maryann Thanks for visiting. Unfortunately, I don't have a prepared article for your request. Maybe I will write one soon and send a copy to you. You can also subscribe to my RSS feed to get updates. Cheers. @maryann
Thanks for visiting. Unfortunately, I don’t have a prepared article for your request. Maybe I will write one soon and send a copy to you. You can also subscribe to my RSS feed to get updates. Cheers.

]]> http://naijaecash.com/how-to-survive-difficult-economic-times/comment-page-1/#comment-1547 maryann Sat, 07 Feb 2009 10:56:26 +0000 http://naijaecash.com/?p=351#comment-1547 please send every information on recession on USA'S economy; effect on Nigeria to my email address.solutions,causes and problems to this. please send every information on recession on USA’S economy; effect on Nigeria to my email address.solutions,causes and problems to this.

]]> http://naijaecash.com/how-to-survive-difficult-economic-times/comment-page-1/#comment-1426 Emeka Aniakor Thu, 11 Dec 2008 19:17:54 +0000 http://naijaecash.com/?p=351#comment-1426 Your points are true, but I must stress that In recessions, interest rates naturally tend to rise due to laws of demand and supply, but with cut downs in rates as is being experienced globally ( by central banks) will ensure reasonable rates to the entrepreneur. Another important factor is operating on realistic wages. This controls the working capital. This may not be noticeable in booms, but as soon as there is economic down time, every entrepreneur will start meditating on magnitude of salaries. It just doesn't make sense slashing salaries, so the best bet is to control it from the onset, boom or no boom, compensate with other special allowances may be annually, bi- annually or quarterly. that commitment that may be tough in down-time wont be there. Nice Time Your points are true, but I must stress that In recessions, interest rates naturally tend to rise due to laws of demand and supply, but with cut downs in rates as is being experienced globally ( by central banks) will ensure reasonable rates to the entrepreneur.
Another important factor is operating on realistic wages. This controls the working capital. This may not be noticeable in booms, but as soon as there is economic down time, every entrepreneur will start meditating on magnitude of salaries. It just doesn’t make sense slashing salaries, so the best bet is to control it from the onset, boom or no boom, compensate with other special allowances may be annually, bi- annually or quarterly. that commitment that may be tough in down-time wont be there.
Nice Time

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