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Image Shed Image Shed is offline
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Join Date: Apr 2008
Posts: 106
Recession Tips

The friendly courier company I use has just gone under (there were no warning signs) and I'm aware of many other businesses who have talked about a slow down in sales.

Does anyone on here know of any decent websites who give good tips about surviving through a recession? What to do about staff, overheads, when suppliers you reply on go under etc...

I think it would be useful for a lot of people.
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James Smith's Avatar James Smith James Smith is offline
Connector
Join Date: Mar 2003
Location: Abingdon, Oxfordshire
Posts: 2,044
My top 3 tips are:

1. Get paid
2. Get paid
3. Get paid

When people are going bust, this is the one thing that can drag down a healthy business. Also ensure you are not over reliant on any one contract/supplier/customer as if they go down you will be going with them. This is of course 'normal' advice but it becomes more painful when things are tight.

Regards,
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