7 Ways for Your Boomer Business to Deal With Difficult Economic Times
Like all business owners, baby boomers are dealing with the current financial mess in different ways. Here are some suggestions for you, depending on your degree of optimism and your risk tolerance:
1. Restrict your cash flow and focus on essentials. Decide what is essential for your business and what is nice to have but not essential. For example, this is not the time to remodel the reception area. As they say, “stick to your knitting.”
2. Find small savings. Those little things can add up. For example, do you really need those fancier new pens or will an older one do?
3. Cut employees. …read more