Recession Busting Tips No3 - Check & Double Check

In a recession it is essential that you get credit checks on all your customers. It is good practice at any time, but it is even more important in a recession.

If you have not been doing this, it is never too late to start and if you have customers who do repeat business with you, get them checked out as well because things can change in their businesses too.

Also get a credit check on your suppliers, you do not want to spend time and money promoting a product that could disappear or have an intermittent supply line.

Try to take as many of the risks of doing business away, to make your position as strong a possible.