Archive : December, 2008

Industries that do well in a recessionFortune Magazine came out with a list of industries that are experiencing increased sales despite the economy reeling from the recession. Of course once the economy corrects itself and people’s spending power increases, there is no telling if the performance of most of these industries will still hold true.

A list of businesses that do well also in times of recession can be found here.

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Online Job Scams during the RecessionHere’s some disturbing news from MSNBC news, Identity Theft scams masquerading as Work at Home Schemes Jobs in order to get a copy of your resume. Why would they need a copy of your resume?, so that they can use your personal information to steal your identity and use it to perform criminal acts.

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Businesses that flourish during a recessionA president of a real estate company once told me that business is a cycle, she said that there are times you are up and there are times you are down.

During an up cycle one must invest wisely and store up for the next down turn because bad times always follow good times. Having survived the Asian financial crisis of 1998, where real estate companies floundered when the markets corrected themselves, there is indeed gold in her words. Of course one reason they survived was because they had other investments not related to real estate.
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  1 Comment  |   Category : Business Tips, Trends   

Preventing employee related theftAs much as we’d like to put our faith in people we work with, sometimes it’s just not possible when the temptation placed before them is just too great. Psychology dictates that a person will most likely steal something when they know that they won’t get caught.

As a small business, it might not be practical to install a computerized inventory and point of sale system in order to keep track of your sales and inventory because the income does not justify the cost. But there are still ways to prevent people from stealing your hard earned income or stocks.
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Tips for secure online transactionsIn this day and age of the Internet, online transacting has been both a God send and a curse. Because the ease with which we can purchase and sell our goods online has meant savings and cost reductions to both our time and money, but also gives an avenue for people to steal our credit information to transact without our knowledge. All that however can be prevented if we apply common sense and these tips.

Tips for Secure Online Transactions:
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  No Comments  |   Category : Business Tips, Scam, Security