What Recession? eWomenNetwork survey says NOW is a great time to GROW your Small Business

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In a recent edition of eWomen eMagazine, Sandra Yancey, CEO of eWomenNetwork says, “The fact is, for small business owners, nothing has really changed that much from what we normally encounter day-in and day-out. Entrepreneurs already know that in good or challenging times we have to expend lots of energy and invest the time to cultivate new relationships, network and transact deals. To survive and thrive, successful businesswomen are not allowing negative news to permeate their thinking,”

The February 2009 Women’s Economic Business study is based on an U.S. (85%) and Canadian (15%) representative sample of 3,964 women business owners, entrepreneurs and professionals of companies with fewer than 100 employees. This was an online survey that represents over 600 different business categories in North America. The survey was conducted from February 16 – 24, 2009 by eWomenNetwork, Inc., an organization recognized as one of the premier women’s business networks with more than 500,000 businesswomen connected to the network in 113 chapters across North America. The article states that when asked how businesswomen are feeling about the current economic situation, 72.5% replied that they are “charging ahead and keeping a positive outlook and 73.8% of the women surveyed felt this isa good time to grow their businesses. These are highly successful women who didn’t get where they are by being “Pollyanas.” This isn’t about denial. It IS about staying positive and focussed and flexible.

I’ve found the same attitude among my self-employed friends. Many are not just surviving but are thriving. Yes, in a time when people are losing their jobs and homes, small business owners are having to get more creative. I think of an economic downturn as a colander in which the complacent will slip through the holes and those who embrace change and re-align rise to the top.

Now, I’m not saying this is strictly a female entrepreneur attitude. I have met men in some of the hardest hit segments who are facing on the challenge head-on. While the construction of new homes is down, some ambitious contractors can do very well by marketing themselves as re-model experts, and while many realtors have thrown in the towel because they have to work so much harder to make a sale, those who are willing to do the work can connect with prospective buyers who weren’t willing to pay inflated prices and present them with a portfolio of “great deals” right now. Even with the mortgage industry in such a mess, a broker who’s willing to work harder can have a hay day with refinance now that rates are low. I believe in any small business, it comes down to observing the problems and finding creative solutions that people will pay you for. 

According to Sandra Yancey, ” Now is the time to re-tool, re-think, re-design and re-align your business.”

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