By Paul Pannone
The wedding business went back to work today after an extended Memorial Day holiday. Many said they shut off phones and didn’t check email or post on Facebook just to think about the rest of 2012 and look ahead to 2013.
Business owners said they detached from business in any form over the weekend to recharge and regroup.
After a moderate first half business owners are learning that finding the cheapest way out won’t grow their revenue. Rising cost of operation and consumers demanding more value for less money has some business owners admitting the future doesn’t look bright. Discussions cite quality issues from China and other foreign manufacturing sources for a higher percentage of returns, refusals and unhappy customers.
Some told eWedNewz they’re not surprised that after the explosion of the tech and housing bubble that got the country into this mess in the first place, a more cautious market did not jump into the Facebook IPO or will fall for magic potions that promise to fix their business.
Information gleaned from several ongoing stories shows the global business world is a dangerous place to operate. A growing number of business owners and decision-makers say they’re running out of ideas on how to stay ahead of the decline.
Market leaders in their categories say they’re quietly implementing what they’ve learned along the way and hope competitors won’t soon find what they did.
How is your business doing?
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