Failing to Plan is planning to fail

When tough economic times arrive, there are so many different actions that business owners need to take that it can become bewildering. What is needed is a road map and here is a checklist of 50 important items for surviving and prospering in a challenging economy.

Risk Factor Analysis

Risk Factor Analysis Questionnaire
Risk Factor Analysis Worksheet

Preparing for a Business Downturn

Business downturns come in many shapes and forms – from a recession that affects the whole economy to something very specific that only affects your industry. This year, the business soothsayers are warning us to watch out for murky credit markets, a decline in the gross domestic product, and a decrease in consumer spending—none of which is good news for the small business owner. 

Generating upside during a Recession

It seems as though we have been in a recession for so long that new initiatives to make your business leaner and more competitive are harder than ever to find. This is the same for everybody, and now is a good time to take a step back and look at first principles again.