Reality, Business & Recession

How to manage your business in a recession Fortune

"• Reset priorities to face the new reality.
• Keep investing in the core.
• Communicate like crazy, balancing realism and optimism.
• Your customers face new problems, so give them new solutions.
• Don't rush to cut prices.
• Focus on capital - how you're getting it and where you're using it.
• Reevaluate people - and steal some good ones.
• Reexamine compensation - what is it offering incentives for?
• Think twice about offshoring.
• Be smart about mergers and acquisitions."


MAKE SURE AND TAKE NOTE:

Obama Declares War on Investors, Entrepreneurs, Businesses, And More CNBC and it's working, Dow under 7000!

NOW REEVALUATE THE STEPS LISTED
ABOVE AND IMPLEMENT THE FOLLOWING:
• Reset priorities to face the facts of the new reality.
• Stop investing in anything but your survival.
• Communicate the truth to your employees.
• Your customers face new problems, so give them new solutions they can afford.
• Don't rush to cut prices, rush to cut spending.
• Focus on capital - how to get it and how to keep.
• Reevaluate people - let go of the dead weight, get off your butt and do it yourself.
• Reexamine compensation - everyone should make sacrifices.
• Think twice about offshoring, but remember your money is probably safer in another country.
• Be smart about mergers and acquisitions, ask to be paid in Euros.

Sadly, we will see examples like this.
Kaliphonia unemployment rate hits 10%. It's even worse in L.A. County.
Newsweek