March 17, 2009
Chad Moutray, the chief economist at the US Small Business Administration (SBA), has posed this question on the business network, Linkedin.com The following are a sampling of the almost 1,000 responses:1. Eat your numbers for breakfast, lunch and dinner and then eat them again! Keep outgoing costs to a minimum. 2. Have as much liquid as possible! Find Cash! Save where you can. 3. Now you will find highly skilled employees in the "job pool" looking for a life raft. Do not freeze. Keep your eyes open and recruit aggressively the talent to get you through all of this. 4. CO-BRAND! Reach out to brands that will help compliment and strengthen your brand. 5. Look for deals out there on EVERYTHING! ... Don’t pay full price! 6. Pay down what you can. 7. Turn the news off! Keep positive, it may take time but it'll bounce back. 8. Get all your monthly fixed payments down. Be open to bargain, others will be having the same problems, you can trade services. 9. Look for cheaper ways to do things. Look for opportunities. 10. Continue your membership in the Gainesville Area Chamber of Commerce. We are your source for networking, marketing and exposure, community improvement and public policy.The Chamber offers nineteen online college-caliber courses in Money, Management and Marketing to help you succeed in your business. For more information, please visit our Web site at www.gainesvillechamber.com and click on “Chamber Services,” "SmallBizU" or call Tim Ledvina at 352.334.7105 x323.