http://www.ia-blog.com/2008/11/03/the-recession-financial-crisis-and-info-industry/ A blog by Robert Berkman, Editor, The Information Advisor Thu, 11 Mar 2010 16:56:38 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.ia-blog.com/2008/11/03/the-recession-financial-crisis-and-info-industry/comment-page-1/#comment-717 Burt Munro Sat, 15 Nov 2008 20:44:52 +0000 http://www.ia-blog.com/?p=148#comment-717 Having lived through a few of both, recessions remind me of bushfires. Both cut back growth and even destroy some life, but when they have passed, there is re-growth of the old and some new growth too. In the recession of the late 80's I saw approx. 15% of the retailers in my industry go out of business, but it made the bulk of the survivors stronger and through necessity they developed better business habits and customer service. It also meant that there was opportunity for new retailers to join the industry when business returned to normal. Having lived through a few of both, recessions remind me of bushfires. Both cut back growth and even destroy some life, but when they have passed, there is re-growth of the old and some new growth too. In the recession of the late 80’s I saw approx. 15% of the retailers in my industry go out of business, but it made the bulk of the survivors stronger and through necessity they developed better business habits and customer service. It also meant that there was opportunity for new retailers to join the industry when business returned to normal.

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