There's a lot of talk about how small businesses do better than larger ones during recession because they're so much more nimble and flexible. But we're all aware of small businesses that have failed in this recession period, too. What's your small business success story? How did your small business manage to survive the recession?
Customer Service is the Key to Business Success
I knew that the economy was in tatters when we opened, but thinking positively had been my best defense. Eventually I knew that the economy would turn around, and if I could open and remain opened du…
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Downsizing Helped Us Get Through
We did have to put in a lot of our own money to survive, but we did overspend a lot on things that weren't necessary, so could have cut back from the start, but have learnt from it and are moving for…
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Take Pay Cuts When Necessary
Write, write, write and take small pay cuts when necessary. Most outlets for which I write asked their freelancers to take pay cuts. Cut expenses to the bone. Buy only what you absolutely have to. I …
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