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A Small Business Reaction to the Spending Review 2010
Enough of the negativity – there is always good to be found in bad, so lets have a think:
The huge swathes of public sector job cuts will lead to a significant increase in the number of start-up businesses and home workers in the private sector either through choice or because private sector jobs are insufficient. Many, if not all, will need help and support to succeed and so the upside for business support providers is more work should be available, but granted with more service providers fighting for the same work.
In addition, with the demise of Business Link and Advantage West Midlands, the level of ‘free’ support on offer is going to significantly reduce/disappear as the Local Enterprise Partnership won’t have the funding (and possibly the mandate) to provide such support. The downside is a lack of free essential support for businesses; the upside is the ability for support providers to offer more training.
Yes the future is not super rosy at the moment but there are always opportunities, you’ve just got to be proactive and continue to evolve and make sure you stand out from the crowd with your business; lets try a little ‘cup is half full’ approach rather than banging on about all the doom and gloom.
TTFN
Jan
Jan, I agree – there is always a “silver lining” if everyone adopts a more positive mental attitude we can get through this, I also think there will be more opportunities for bartering – eg “I’ll give you some of what I sell in exchange for the services you provide”. With more small home businesses opening up there will be great opportunities for service providers such as web designers, printers, trainers etc. Definitely a time for “A glass half full” attitude.
Derek
Thanks Derek – I’m a huge fan of bartering and have done a lot of it this year when I didn’t have the finance to pay outright. It’s incredibly powerful and gets you working, can gain you testimonials which will all add to your credibility.
And absolutely it’s time for a ‘glass is half full attitude’; it’s what we need in terms of business confidence to get this economy moving!
Well said Jan!
(Though not being a support provider I am slightly worried but trying to remember I am already running so aim to stay ahead!)
Like Derek’s idea of bartering (has another upside too ??)
At the end of the day whinging wont get us anywhere and we are all in this together anyway….
Jill
Hi Jill
I think bartering in your business will be a key tool for you. You also need to think about how you can show potential customers how much time and stress you can save them by sorting out their gardens and being creative in terms of how you can get out to talk to them and show your extensive knowledge in your field.
Thanks for taking the time to comment.