Running a Business During the Recession

There can be disadvantages and advantages to running a business during a recession. I have found some promising things happening, as well as some not so promising things as well.

Due to the fact the recession does exist, I am finding it hard for my writers to actually get paid for their work. I feel bad about this because I was really hoping with my advertorial business model that all of my writers would receive an income. So far, although it has been about a month, this is not the case.

The promising news is that there are writers out there who are willing to work on a volunteer basis and this still creates fresh content for my online multimedia magazine Donna. I also plan to dip into my own funds and to transfer some of my VHS content into digital format so I can upload it onto the magazine. This way I can take advantage of the fact that I have been given the opportunity to include video material and to also have a more updated version of my documentaries and video stories.

So far, it also looks as though I will not be getting more work with Humber College and the University of Guelph-Humber for the time being. This is unfortunate because I had really depended on that income, however it is a good thing that I diversify my work. I still do have work with Seneca College, Centennial College and Trebas Institute - so I do not have to feel economically stranded.

My books are doing well. I managed to sell some during the month of May. I am hoping that sales will pick up even more this month. My Roxanne seems to be selling especially well. I also plan to start working on a new book this summer. I was going to work on a book called Story Ideas, however I found that I was not satisfied with what I had and would like to polish it some more. I may change the content of that book and actually turn it into a book of short stories which is something I am interested in writing again.

So...that is my latest update of my business efforts. I am managing to survive during this recession, however I will be very thankful when it is over. I am sure I am not alone in those thoughts.