Small Business Success » Recession http://moneysmartlife.com/business Wed, 31 Dec 2008 14:34:01 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Recession Tips for Small Business http://moneysmartlife.com/business/recession-tips-for-small-business http://moneysmartlife.com/business/recession-tips-for-small-business#comments Tue, 16 Dec 2008 06:25:56 +0000 admin http://moneysmartlife.com/business/?p=117 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
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