‘Tis the Season to be Frugal
Well, it’s December and the holiday season is upon us. In business, enterprises are certainly operating in a different climate this year. The credit crunch worldwide is causing companies to crunch numbers when it comes to Christmas parties and the like. It’s definitely a season unlike those in recent history. It portends to be the way companies may choose to conduct affairs for good in the future.
Recession and Education – Business English
Photo by Fairfax County
Every day brings news about more layoffs, companies shutting down and escalating levels of unemployment. It’s no wonder that students and employees find the entire situation overwhelming. In today’s market, traditional forms of employment are becoming tougher to come by and looking for that ‘perfect’ job may seem impossible. But all is not lost. There are still some industries that are going strong and some perhaps doing better than ever before. These are the careers that will lead the future of business and discovering them at a time like this is invaluable. The earlier you start planning for these specific careers, the safer your future will be once the economy has regained stability.
The Positive Side of Recession
Economies rely on a degree of overconfidence. There is a gap between present realities and future expectations without which there would be no enterprise, no investment, no credit, no commerce, and no currency. However, at a certain point, the disconnection between reality and expectation becomes too great, and there is a need for a readjustment. Recession is that readjustment.
Not Necessarily the High Life
Not Necessarily the High Life on the High Street Right Now
The last half of 2008, and now into 2009 has not proven very inspiring on the business, economic, and financial front. With a recession in full swing in numerous countries, government, corporate, and private concerns are looking for a way out of the downturn. A return to economic health will not occur overnight.
The problem is too deep and widespread. It will take a return to sound business fundamentals and doing away with wild and rampant speculation and get-rich-quick-schemes on the markets. If businesses do not get their financial houses in order investors can expect to see corporate bankruptcies increase this year. With unemployment increasing, it is going to be a tough year for many businesses to remain solvent as sales and profits wane.