When the government saw the list of filed bankruptcies, these were the major companies which had branches all round the world. With the fall of so big companies, we must have understood that big has nothing to do with the recession or losses. In contrast, when big companies fail the amount of losses will be very big compared to that of small companies.
Yes there are many small companies that shut their businesses down but as you see, none of them made the news. But it is a good time for the small businesses which see themselves in safer position or least affected from recession.
They are experiencing some kind of importance in the market, which when used wisely will give them many more opportunities of expansion.
Another major phenomenon is that they are able to acquire more talented and more qualified employees compared to previous times. People are not running for bigger jobs these days, as the major layoffs are from this sector.
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