Richard Branson predicts more big business layoffs and opportunity for small businesses.
In an interview for American Express, the mega business mogul (best know for his Virgin brand of over 360 companies including Virgin Airlines and Virgin Records) shared how he sees the gaps that will be created by big business layoffs that can be filled by small businesses. Regarding the current financial crisis he says it is up to all entrepreneurs to do everything possible to make our businesses stronger, that in fact small business is what will get America back on our feet.
Branson encourages business owners to talk with their existing customers to get innovative ideas for new products and services. He also reminds business owners of the value of leadership and communication with their employees in an effort to cut waste and make their business stronger.
Branson sees hope and opportunity for small businesses in spite of, and possibly because of, these tough economic times. We'd all be wise heed his words, after all this is a guy who has proven he has an eye for opportunity!
To see part of Branson’s interview click here.
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