Recession is a period of general economic decline and is typically accompanied by a drop in the stock market, and increase in unemployment and a decline in the housing market. It is also a business cycle contraction which results in a general slowdown in economic activity, which we are currently experiencing in our Nigerian economy.
Inasmuch as this as this affects many people and businesses negatively, it is also a good time to start a business. Recession brings problems but starting a business that can meet the immediate needs of the society would be a good way to thrive during recession. An easy and efficient way of doing your business in these times is by putting your business online. The world has become a global village with everything online, if you have a business without a website you would be missing out on a lot of opportunities that having a website affords you.
Here are some reasons why you should have a website for your business during recession.
Having a website for your business in recession takes you to a level higher than recession; the success of your business is no longer dependent on the economy of your surrounding location but by the global economy.