What’s a small business owner to do if the current economic climate extends through 2008? Business consultants are busy weighing in on this question, so we rounded up some of their advice.
1. Don’t be caught off guard if the slowdown hits your company.
2. Keep your company lean, set and measure inventory targets and keep in communication with your sales and operations staffs.
3. Keep from losing business, keep in close touch with your customers.
4. keep from losing business, keep in close touch with your customers.
5. Spend on hiring.
6. Continue to get the word out about your business.
Photo by Henkster.
Recession-Proof Your Business
February 6, 2008 by Rich | 2 Comments
In Recession, Sales, Small Biz
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Bares De buenos Aires on February 6th, 2008 at 2:35 pm
Hi, i think your site is excellent my blog is worth about 10,000 dollars..!
Anthony Donnelly on February 7th, 2008 at 11:32 am
Obviously, being in the business of helping businesses through the coming recession, I’d add point seven:
7. Join a good barter company like Merchants Barter Exchange
It will help you do many of the points above, and more besides. I’ll be more than happy to adise any business owner on how to effectively utilize the thousands-of-years old caveman tool for business.
Keep the great articles coming, I love this blog!