Ten Recession Survival Tips for Businesses

Originally posted on February 4, 2009 on emeryroad.wordpress.com When it comes to difficult economic times, reevaluating business strategies and operations can be a healthy way to supplement your company's cash flow. Business today is not the same as it was two years ago; the down economy has called for the utilization of different methods in order to stay in business. Here are ten tips to help your company stay afloat during the current economic conditions. Increase staff involvement. Hold regular meetings and encourage staff members to participate in making important business decisions. Utilizing staff involvement can help take some of the weight off your shoulders during these tough times. Promote creativity within your organization. Staff involvement is an effective way to stimulate creative ideas and ways to manage business during this tough economy. When staff members are more involved, they feel a greater sense of belonging and are more likely to work more productively and effectively. Increase efficiencies. Developing more efficient systems saves your...
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