Comments on: Five mistakes businesses make in a recession. http://naomisimson.com/2009/03/18/five-mistakes-businesses-make-in-a-recession/ Founder & CEO of Leading Online Gift Retailer, RedBalloon Sun, 20 May 2012 23:53:20 +0000 hourly 1 By: jOey http://naomisimson.com/2009/03/18/five-mistakes-businesses-make-in-a-recession/comment-page-1/#comment-128 jOey Thu, 09 Apr 2009 07:03:43 +0000 http://naomisimson.com/index.cfm/2009/3/18/Five-mistakes-businesses-make-in-a-recession#comment-128 Thanks again for the inspirational speech at the HR Summit Naomi! Thanks again for the inspirational speech at the HR Summit Naomi!

]]> By: Paul Keen http://naomisimson.com/2009/03/18/five-mistakes-businesses-make-in-a-recession/comment-page-1/#comment-134 Paul Keen Fri, 20 Mar 2009 09:31:38 +0000 http://naomisimson.com/index.cfm/2009/3/18/Five-mistakes-businesses-make-in-a-recession#comment-134 You're not quite right in that this is not unprecedented, we are so well protected in Australia that we don't get the full impact that other countries due to our floating exchange rate and its ability to soften the blow to the economy. As for Paul Keating's "the recession we had to have", it's probably one of the few statements he would love to have had. Bad policy and late action caused more of the damage but that's a whole different story. The basic truth is, when times are tough laser focus on what makes you money and find existing channels that have been unexplored, due to focuses elsewhere. You’re not quite right in that this is not unprecedented, we are so well protected in Australia that we don’t get the full impact that other countries due to our floating exchange rate and its ability to soften the blow to the economy.

As for Paul Keating’s "the recession we had to have", it’s probably one of the few statements he would love to have had. Bad policy and late action caused more of the damage but that’s a whole different story.

The basic truth is, when times are tough laser focus on what makes you money and find existing channels that have been unexplored, due to focuses elsewhere.

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