I haven’t heard a great deal about what things will be like in early 2009 but I think it is going to be really tough. Even with the credit crunch Christmas 2008 is going to see everyone buying lots of presents and treating themselves with the usual Christmas products like trees, decorations, fake snow etc etc.
But in the new year everyone will have to tighten their belts even more so than people normally do in the new year. I think consumer spending will be really low in the new year. If like me you run your own business full-time I have little doubt you have at least some concerns as a result of the credit crunch – even if this recession only lasts a year or two there are still bills to pay!
To help beat the struggle through next year I think you have to take maximum advantage of the festive period. I am a big believer in pushing your business through a recession and it is vital you keep agressively developing the business if possible. This puts you in a great position when the economy recovers.
So make sure you have your plans ready for christmas and work your backside of to make every last single sale you can!
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