Most governments around the world realize small businesses are the engines of innovation. It’s why so many of their stimulus packages have been designed to help small businesses weather the downturn and evolve, create new ideas and generate new business opportunities-and eventually help lead us out of this tough economic time. History also shows us that small businesses innovate at a higher rate and recover from periods of economic downturn faster than their larger counterparts. According to the U.S. Census Bureau after the last two recessions in 1990 and 2001, the fastest job growth rate came from small businesses.To coincide with our small business technology launch today, we asked Ian Pennell, senior vice president of the small business technology group at Cisco, to elaborate on the resilience of small businesses and to offer perspectives on the technology choices they can make to help them prepare for the eventual upturn.
Cisco Small Business Leader offers Tech Strategy Advice for the Downturn
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Good introduction to the current small business issues in Ian’s video. I participated in a small business panel recently to discuss the key issues that small businesses are facing. The results were quite similar. For more details seehttp://sanjeevaggarwal.wordpress.com
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The problem with most small businesses is whether or not they will be around with the eventual upturn hits. Do they have the fortitude to make it through, as well as the reserve capital. I’m really not sure if many of them planned on this big of a downturn.Keithwhat is the bible“