Small Business Challenges Due to Recession

A restaurant owner and one butcher ended up receiving some breaks when it comes to their rent during a time when their sales are dwindling. One maker of bicycles ended up producing different vending carts of food to sell to folks who have lost their source of income. In order to combat the after-holidays drop of the bookings, one tour operator had decided to hire a manager who can promote online marketing. For many small businesses which the newspaper The New York Times has been monitoring ever since October, this persistent recession proves to come with the presentation of new challenges.

Hope Is Not Lost

As the country is preparing for the spring season, there is a more hopeful outlook which was noticed in several of the recent interviews that had been conducted by Erik Olsen, Brent McDonald and Patrick McGeehan. Wayne Sosin, the fifty five year old president of the Ozone Park Queens-based company Worksman Cycles, is at the moment trying to move the product line of his company away from its main selling axe of heavy duty tricycles. This is what he sells to many automakers as well as big industrial companies. While having a trimmed-down staff, the company is now looking into making food vending carts as well as delivery bicycles which it plans to sell to entrepreneurs, restaurants and couriers. They have currently seen a really big decline for the demand of their product which had begun in October even after coming off a really good year in 2008. It may also be noted that there was a very disappointing stop that had happened because of the economic crash since a lot of their customers are the bigger companies. Big names in the business such as ford, GM and Chrysler have been their customers. It is also certain that they are not buying into the industrial tricycles from them.

Sales Report of Worksman Cycles

Wayne Sosin also reports that he has not gotten the recent figures for his company this February. Rather, he says that the months of January and February are really around thirty percent down of their industrial cycle sales. At the same time, the rest of their business is also holding out on its own. Back in the months of November or December, they were forced to make some adjustments for their employment level as well as the hours which they work. All in all, Sosin reports that things have been on the hard side and they do not like to see a lot of people working even fewer hours. There had been no news of overtime and there are also reports that people were laid off. Flat sales were the result of their recreational adult trikes, so the food cart business is going to be in strong demand.