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What is one effective tactic you’ve taken in response to the recession?

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Reviewed Profit/Loss Statement

Status: New Idea
by on 10-11-2009 09:02 PM - last edited on 10-13-2009 01:27 PM by Moderator

I agree with ElmStreetDesign: A website in today's Internet-driven economy is a must.

 

What we've done to stave off the recession: Took a second look at our Profit/Loss Statement to see where we could cut unnecessary expenditures and perhaps move some funds over to areas that were lacking. 

Message Edited by ZanetaB on 10-13-2009 01:27 PM
Status: New Idea
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by Moderator on 10-13-2009 01:27 PM
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Status changed to: New Idea
 
by Moderator on 10-13-2009 01:35 PM
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Petrosianni wrote this comment in response to ElmStreetDesign's tactic of combatting the recession by getting online.

 

Taking a step back to review your business' expenditures is a way to look inward for ways to save and cut costs. 

 

Thanks,  Petrosianni, for a great tip!

About this Idea Exchange
In these recessionary times small business owners have been forced to implement creative tactics to maintain their business -- from budgeting resources to marketing to retaining customers. Share one effective tactic you’ve taken in response to the recession.