6 Business Growth Opportunities Created by an Economic Recession

Sam Silverstein, Certified Speaking Professional (CSP) and National Speakers Association President, is well known for his keynote speeches on accountability, especially his highly popular Simply No More Excuses program. With headlines about an economic recession dominating our newspapers and televisions, it's difficult not to panic. Entrepreneurs and small businesses are feeling particularly vulnerable right now and Sam Silverstein can relate.  A serial entrepreneur himself, he understands exactly how you feel.  The good news is his wisdom and experience on business growth opportunities will make you feel much more optimistic and in control of your own destiny! 

To learn more about the 6 Business Growth Opportunities Created by an Economic Recession listed below, check out Sam's article "Growth Opportunities in a Down Market".  Better yet, consider hiring Sam Silverstein as a keynote speaker for your next entrepreneurs group or small business meeting - his experience, optimism and humor are sure to keep you and your peers off the ledge in this bad economy.

Sam believes that, in reality, many business growth opportunities actually present themselves if we are accountable to evaluate what works.  Here is a quick summary of how to make the best of a bad economy:

1. use the economic recession as a reason to trim down your product line - get rid of the products that are not contributing to the bottom line - keep and expand upon the products that generate the bulk of your profit
2. go after the accounts you've always wanted - in a bad economy, your competition's service may be suffering or the client may be looking to make changes to impact profitability that they would not have considered in a good market
3. build a higher performing team - this is a good opportunity to eliminate team members who are not pulling their weight and optimize the performance of your key employees
4. focus on creativity - some of the best creative ideas to add new products and services and improve performance are prompted by the tightened budget resulting from an economic recession
   
5. improve your internal systems to increase efficiency and streamline your operations - trimming the fat in a few places saves you money and more importantly improves your customer service
6. improve your value equation - you don't have to offer the lowest price to survive an economic slowdown but you do need to provide your clients with the best value for what they are paying

In addition to being an entrepreneur and  motivatonal keynote speaker, Sam Silverstein is also the author of numerous books including, The Power of Choice, The Success Model, Monday’s At Nine: Creating A Powerful Mastermind Group, and Smarketing; Creating The Ultimate Marketing Program.  Visit buildabetterbiz.com to explore all of his helpful titles.  He has been heard on over 450 radio stations across North America and has been published in numerous publications.  Sam delivers keynote speeches worldwide to organizations interested in selling more, building their businesses, and increasing incomes.   A resident of St. Louis, Sam is a well-known and highly engaging keynote speaker across the country in markets such as San Francisco, Los Angeles, Dallas, New York, New Orleans and throughout Florida.