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 Recession
Last 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…