Recession Busting Tips Summary

So just in case you missed any of the 10 recession busting tips published in December and January, a quick reminder summary of the 10 tips:

1. Count Every Penny

2. Show Me The Money

3. Check & Double Check

4. Negotiating

5. Financial Status

6. Your Staff

7. Be Visible

8. Promote

9. Remember Your Regulars

10. Stay Focussed

So did you find these useful, have you gone through some or all of the tips yet?

I would love to hear what you think or what you have acted on; it would be great to expand these 10 tips in the future with your new tips. I look forward to reading your comments and stories.....

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.