John Jellinek | How Business Owners Can Survive a Recession

Surviving a recession takes skill and planning. Unfortunately, many company bosses wait too long before taking the steps necessary to save their businesses during a recession. Instead of waiting, they should take steps early on to save their businesses. Here are three ideas to help them do that.

Make Strategic Cuts Early On

An Entrepreneur.com article makes an excellent argument for making small cuts early on in a recession. The article reminds readers that cutting monthly costs down by $5,000 to $10,000 can mean the difference between saving someone’s job or letting them go.

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