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Tag Archives: economy

Bootstrapping in business – the art of survival in an economic downturn

I started up my Business just prior to the news of the forthcoming Recession hit, but I can’t say it particularly put me off as I was quite determined and had already lined some work up. Banks? No Thanks I started up with a very small amount of capital behind me (£250) and had no intention of seeking assistance from any Bank.  Every piece of equipment, software and furniture that

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Small Businesses Thrive Despite Downturn

One in ten small to medium businesses is enjoying increased sales and is thriving despite the general economic downturn. In the UK it is the hospitality industry – traditionally the first sector to receive the blows during a recession – that is benefiting from market conditions. According to USwitch, over a quarter of restaurant and hotel SMEs (Small to Medium Enterprises) say that they are doing well despite the current market climate. uSwitch.com suggests that this trend is a result of the increasing prevalence of discounts, vouchers and 2 for …

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