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Recession? Quit Worrying. Take Action

The signs of a tech slowdown are everywhere: VARs are 'bracing for a spending lull'; IT pros are worried about their prospects; even the stock market bulls are ducking for cover. But chaotic conditions can offer opportunity for the observant and adaptible--and nobody does that better than solution providers.

Robert Faletra starts us off with Steps To Take Now To Survive A Recession:

"First off, it's time to act as if we are in a recession and understand there are ways to take advantage of that. Your customer set, for instance, is less likely to add head count now. That presents a sales opportunity to get in and emphasize your IT outsourcing capability. "

We've also spoke to solution providers to collect their 8 Tips To Recession-Proof Your Business, while Business Week offers some advice along those same lines:

"Improve your management reporting so you can identify leading indicators for your firm. You don't want to react late after you notice a drop in your monthly financials."

At bMighty, they're seeing the glass half full: recessions are great times for hiring:

"Every smaller business competing for tech talent with larger companies knows -- a great way to get good staff is when bigger companies are experiencing layoffs."

And speaking of layoffs, it's not only businesses that need a Plan B. Lifehacker compiles a few recommendations to help Recession-Proof Your Career.

Posted by Joe Caponi at 12:52 PM, February 14, 2008

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By Joe Caponi
Managing Editor, Operations, ChannelWeb

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