"BiziNet Magazine #106 - Feb/Mar 2021" BiziNet™ Articles

Take a look at these ads of yesteryear...

Look at the juicy interest rates offered for term deposits back in the 1970/80s. It was an era when the choice to save cash was seen as a smart and viable alternative to investing and speculating on stocks and real estate. Banks were competing for savers even as recently as 2011. You could get at least 5% on short term accounts. But under the current economic system, that's disappeared forever.

While it's good to be optimistic about the future, the reality is that the business environment won't go back to the way it was in early 2020. The impact of the COVID-19 pandemic and subsequent restrictions have permanently changed attitudes and behaviours - and what expectations are realistic for many businesses in 2021 and beyond. Here we offer a few ideas to help companies make it through challenging times.

If you are ill or suffering pain, you are likely to go and see your doctor. The illness or pain will either not be too serious, and the doctor will prescribe a remedy, or it may be more serious, but because you went to see them early there is more chance of recovering from what ails you as attention to the problem can commence straight away.

There's a growing momentum around opportunity. People are starting to think more about how they can improve the ways that they run their business or look for new business opportunities to grow their profits, to grow their income. I'm currently receiving an increased number of inquiries from people wanting to start or buy new businesses. Or simply change the way they are operating to be more profitable.

It was a great story about a couple of smart young guys who found a gap in a market. They went up against some major companies with a product differentiation that people love. They have developed a great, fast-growing business to consumer online business.