Here’s an article that talks about the hazards of starting a small business and incorporating as a diner in Florida State.
This recession is hitting many small businesses hard and restaurants are especially feeling it…
Full article..
Small Florida Business, family restaurants face unique challenges; More competition for fewer dollars
Accounting Firm NSBN LLP Shares Top 8 Tips for Small Businesses to Survive a Recession
Gloria Birnkrant, CPA, Partner at NSBN LLP (www.nsbn.com), Certified Public Accountants & Business Consultants, Offers Business Owners Tips on How to Survive a RecessionLast update: 12:01 p.m. EDT July 29, 2008
LOS ANGELES, Jul 29, 2008 (BUSINESS WIRE) — 8 tips for minimizing the effect of a recession on small businesses!
Clean up your act now, before you start feeling the pinch. Be sure you are getting current and accurate financial and accounting information from your CPA on how your business is doing. Waiting until the end of the year to see how you did will not do it. You need to know, as up-to-date as possible, how you are doing, month by month.
Take a look at your expenses and see where you may be able to cut costs, without cutting service to clients/customers. Clients/customers are hard to attain and if lost, almost impossible to get back.
Secure your credit now. Credit is already very tight and will probably get tighter…
Complete article here…
Accounting Firm NSBN LLP Shares Top 8 Tips for Small Businesses to Survive a Recession – MarketWatch
Trying times was the subject of a meeting between Florida small business owners and Florida Governor, Charlie Crist.
Florida State Governor Charlie Crist
Gov. Crist joined Florida small business owners from across the state for a meeting in the Governor’s mansion on Tuesday. The governor invited them to have discussions about the various ways the economy is detrimental to their Florida businesses.Florida is home to over two million small businesses. Crist has focused on the economy during several recent public events with businesses and workers.
“We’ve worked so hard with our friends in the Florida House and the Florida Senate, Democrat and Republican alike, to try to reduce the cost of property insurance, reduce the price of property taxes, and the high cost that has put as a burden,†said Crist.
The Governor took the opportunity to ask the group of Florida business owners about whether or not they supported offshore Florida drilling for oil. There were no takers to answer that question.
Florida is experiencing a period of slow growth, and some area of the economy are even in reverse. That’s to be expected as the cycle of recession is not an uncommon one. Small businesses will do well to buckle down and cut costs in every area possible, save their employees and focus on the tried and true business success practices that work for their particular Florida industry.