Business is not good

@djmarion (4898)
Philippines
January 23, 2011 11:55pm CST
It just got more depressing to realize how economy flails, businesses are getting worse and a lot of businessmen are having a hard time coping up. Our company is facing crisis lately. since we are a contractor for electrical and electronic works we rely on clients who continuously upgrade their facilities by installing state of the art machinery or equipments like CCTV, Solar Panel System, PABX System, Audio Visual, Generators, Data & Networking System and different electrical works. We survived many years in business and few years ago we really got the best deals but lately some of our clients are being pirated by competitors and those who stay loyal to us has no new need for our services. I will say that with economic crisis today businesses suffers. I just hope we can cope up eventually so that our company will not be closed.
1 person likes this
4 responses
@suspenseful (40192)
• Canada
16 Feb 11
It does seem bad. And I think is where you are. Most people are afraid of spending any money because they are afraid that they will lose their jobs.
@greenline (14838)
• Canada
12 Feb 11
You are certainly in a very good line of business, very much technical and technology-based. Yes, you are right. With the fluctuations in the economy and the recessions, businesses get effected. I have been doing business internationally too, and recently it has been pretty slow. But, we just have to keep going, and hope that good times will come soon. Best wishes to your business !
@jennyze (7028)
• Indonesia
24 Jan 11
I think almost all businesses are experiencing this crisis. The best way is to economized the operational cost (meaning saving and saving) and to recalculate the prices to see if you can offer a better deal than the competitor.
@mark98 (567)
• China
24 Jan 11
Economic environment is a common situation faced by all companies. When your company is adversely affected by the economic environment in the company of others also.TO change your company products and services to improve market competitiveness,perseverance will eventually survive.