PKF Texas: The Entrepreneur’s Playbook® - Renewal in Tough Times

Tough times brings innovation.

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Greg Price
Episode: 205
May 09, 2009

Summary:

Economic turbulence brings renewal. Greg Price looks at new products, emerging markets and transformations that were brought about during challenging times.

Full Interview text

Greg: This is Greg Price with PKF Texas' Entrepreneur's Playbook.

Times of economic turbulence may bring renewal. In the technology sector, for instance, many small entrepreneurial firms disappeared, either through bankruptcy or acquisition, after the fortunes floundered in the irrational exuberance of the dot-com boom. (No bail out for them!)

But many of their ideas survived and transformed the market. The Internet itself became a new ecosystem, with emergent technology models such as social networking, rough-hewn consumer feedback, Web-based classified advertising, and blogging replacing dot-com era concepts. Similar transformations have many times before: During the Oil embargo of the 1970s, for example, and at the end of the Cold War, when many Central European countries and companies joined what are now called Emerging Markets.

To read and comment on the PKF Texas' Entrepreneur's Playbook, visit my blog, fromgregshead.com. PKF Texas – The Fit That's Right!