Business Success Stories During Recession

Many businesses have been impacted by the recession. This caused some businesses to close down, while a lucky few are still standing. This video blog talks about how these companies have become so successful by weathering the economic storm. Although each enterprise has their own unique story to tell, one common denominator they have is the willingness to overcome adversity by taking risk and making changes.

The first business success story is about Scott Johnson. He started his company, Certified Parts Warehouse, back in 1991 by brokering new and used computer parts. His later on focused on selling high quality refurbished computer equipment and parts. However, the recession caused most of his clients to go after the lowest bid on the products he sell, causing him to lose business. This made him realize that he needed to make some changes.

Most of his competitors at the time of the economic turmoil were forced to drop their standards in favor of what most computers want—lower prices. But Mr. Johnson stick to his principles in offering only the best quality—OEM standard—refurbished computer parts. He also offered repair services to retailers, aside from selling good quality refurbished parts. Mr. Johnson advises that business should be willing to listen to what customers are saying and be willing to take a risk.

The second business success story is about the Ejarque brothers, Anthony and Herman, who opened The Governor’s Inn back in 1992 in Rochester. As the economy declined, the inn, particularly their restaurant, lost around 60% of business mainly due to the fact that everyone was responding to a tight budget. This caused them to close for 6 months, but they also saw the financial crisis as an opportunity to improve what they were offering to customers. They built a new pub area, changed the menu and eventually formed a whole new concept. Basically, they rebranded their restaurant and reopened as the Spalding Steak and Ale. Now, it is a fun place to wine and dine with friends and family, and a lot of people love it.

All in all, you can see that these companies wouldn’t be where they are now if they didn’t make any significant changes. They embraced the recession, but refused to waiver by doing what they could to remain in business.

 

The 9 Strange Rules of Super Successful Entrepreneurs

 

If you have enjoyed videos on the challenging times of today and how to stay afloat amidst all the economic downturns, then you are certainly going to love this one too. Even though we’re not that in the bottom pit of the recession right now but if things continue as they are, in the next 2-3 years, we could enter the beginning of depression.

Aside from inspiring you, we’re also going to give you specific tools to get through economic challenges and grow your profit, grow your teams, grow your customers and grow your business for ultimate success. When you are able to do that, of course, you’ll have a better life. So in this video will basically take you to 9 rules which are very straightforward and easy to apply. A lot of entrepreneurs right now are very frustrated because they’re working harder than ever before but they achieve less. They are giving more than they’ve ever given and they’re not seeing results. Giving the busyness that everyone have these days, it’s really alarming that most of us can’t gain traction still. So with these 9 rules of ultra successful entrepreneurs, we are hoping that you will finally get to achieve your sales target this month or this week. Find out what they are by watching the video in full above!