That’s the secret to surviving economic downturns. A fascinating article in today’s NY Times on how NY City survives so well in recessions includes this quote: The secret of New York’s post-1970 reinvention was that smart people, who knew each other and learned from each, innovated in ways that made billions in financial services. (Looking…
Same ol’. Same ol’. Month in; month out. No biggie, right? That’s what you do to survive. You face a cash-flow issue; you dodge it by finding a new product, a new service, a way to offer more to your customers and/or you find ways to streamline your business operations and cut expenses, do more…
Sometimes the best advice comes from other small business owners. Mark Hayward asked on Twitter,“Small biz owners, are your numbers down? Ours seem to be off quite a bit from this time last year…How are you compensating?” In the course of our conversation online, we came up with two suggestions: 1. Diversify – What else…
Today, the number one best thing you can do for your business is to spend time focusing on improving your business. You have unprecedented resources and support available to you, no matter where you are, to help you build and improve your business, to survive any economic conditions. You can read advice from innumerable business…
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