There is so much buzz about a pending recession that we have to ask: what are we doing to prepare ourselves for it? Whether or not it happens, small business owners and entrepreneurs should be thinking ahead and coming up with a plan on how they will get through it. We believe that small businesses will need to embrace web-based productivity services to weather a recession. Productivity offerings in the Software as a Service camp (including Intervals) will help small businesses cut down on costs associated with manpower, gas prices, and geographical limitations. In addition, using time tracking and task management services enable companies to operate with slimmer budgets by identifying profitable areas and weeding out leaks.
Curt Finch, the CEO of Journyx, elaborates on the need for web-based productivity services during a recession in his article How the Right Software Can Help You Survive a Recession.
Finch sums up why a web-based service like Intervals is necessary for a small business:
The right time tracking software solution will provide your company with knowledge of your per-project profitability, which in turn helps your company survive the bad times and reach new levels of flexibility in good ones. When a recession comes and you need to cut, you will be able to cut intelligently, knowing that you’re making the right long term decision.