Recession Tips for Small Business
December 16, 2008
Small business expert Barry Moltz recently offered eight tips to help businesses stay afloat during a recession.
I’ll paraphrase them below, you can visit the full article for all the details:
- Focus on Profitability over Growth
- Focus on Cash Flow over Sales
- Utilize Lines of Credit, Before they Disappear
- Challenge Assumptions About Your Business
- Cut Costs Now
- Ignore the Stock Market Performance
- Endure – This Economic Cycle Will Pass
