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Old 08-02-10
The Profit Frog The Profit Frog is offline
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Default Re: Qn: What was the biggest impact of the Global Finance Crisis on your business?

Quote:
Originally Posted by twohandsdancing View Post
Many micro- and solo-businesses were hit hard by the GFC.

We know, sadly, that many businesses closed, while other business owners had to make tough decisions re staff they hired, and services they could offer.

How did the GFC impact on your business?
What was the one most obvious effect from the beginning?
What have been the repercussions since?
Are you still picking up the pieces or have there been various government supports (like the Stimulus packages or tax cuts) that helped you avoid severe fallout?

I'd really like to understand whether the GFC was as drastic and harsh as made out by the media, or if it was highly over-dramatized.

Thank you.
Two Hands...
I just want to add, this is not a SPAM - as I was advised by the adjudicators that some people thought...
I genuinely want to know... and I hope I can share some thoughts with those who have...

Cheers,
Terri
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