The Economic Down-Turn Can Divide A House

Be fair, attentive, and customers
will return.

According to a survey by
Reuters, the economic
down-turn divided
small business owners.

The survey points out
how small business
owners are taking less
money home, and it's
harder to get a loan.

Seventy-three percent
of the people complained
of worsened conditions.
Eight percent were happy,
and saw improvement.

There will always be a small
percentage of people who
thrive during a recession.

The focus of this post is on
how to survive the down-turn
while keeping your house,
business, intact.

First, it's necessary to
eliminate dead weight.

"What do you mean by
dead weight?" Several
asked.


Dead weight refers to the
people who give-up in
your house, business.

"Close the doors." A
partner suggested. "We can't
survive the economic down-
turn."

"Can't beat a recession."
Someone else chimed in.

"I guess, we betta sell while
we can." Another uttered.

It's best to buy-out the
dead weight, or do what is
needed to break-away from it.

Fill your mind with survival
thoughts.

Look at each product or
service you offer. Ask
yourself some questions.

Is it feasible to close a
product or service? Is
it wise to make an item
smaller, but sell it at the
regular price? Will my
customers stop buying
a smaller version? Should
production time be cut?
Should over-time be done
away with? Certain people
have to be laid off?

Ask specific questions
pertaining to your business.

Look at suppliers. Should
you turn to different suppliers?
Less costly suppliers, but maintain
a quality product or service?

The economic down-turn will
force customers to hold-on
to their money, or spend less.

You'll have to make adjustments
to keep the economic down-turn
from dividing your house, business.

Simply, take common sense
measures in an economic
down-turn. Consider the pro
and cons before any money
is sent out of the door.

In closing, careful thought
is mixed in every business
decision to survive an
economic down-turn. Don't
allow your house, business, to
be divided by fear. Get yourself
in survival business mode.