Tough Times Mean Hard Choices

Steve Strauss At USA Today:
Q: What is your take on the state of small business right now? And if small businesses are having as much of a hard time as it seems, what are they doing to break out of the doldrums?
A: If I had to choose one word to describe small business right now, it would be unease.
The problem small businesses have is that, very often, we are at the mercy of much larger business and grander economic forces. There is little you can do if, for instance, a big corporation with whom you do business decides to terminate your services in effort to cut back.
Starbucks can close 600 stores and save a wad of cash when things go south, but all we can do is to try to somehow wring out a tad more savings by tightening the belt and to keep hustling for business.
Here are a few […]

Original post by Rich and software by Elliott Back

This entry was posted on Friday, July 18th, 2008 at 11:15 am and is filed under Operations, Advice, Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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