Economy down? Prime time to expand!

Discussion in 'Business Operations' started by Az Gardener, Jun 14, 2008.

  1. Az Gardener

    Az Gardener LawnSite Gold Member
    Posts: 3,899

    I was just reading an article that gave me a bit more confidence about my theory about bad economy being good for strong businesses. The premise is that weak businesses slow down lay off and go under in slow economic times. These "lost" clients and employees are looking for a new home and if your business is strong it is a great time to expand. Much like when the stock market is doing poorly it is a good time to buy rather than following the heard mentality and selling at a loss.

    I always preferred slow economic times to boom myself. Employees are reasonable, they actually fear loosing their jobs and there is a great pool to draw from if you are hiring. I have never had big trouble picking up work.
  2. Lawnworks

    Lawnworks LawnSite Fanatic
    from usa
    Posts: 5,407

    I wasn't aware there was a "bad economy."

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