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When recession looms...
Recent events have shown just how quickly a recession can come upon us, so it's as well to have a few ideas in the bag so that if and when your company faces problems, you can react positively.
Many if not most of us, saw it coming - the recession, that is… back in September/October last year, perhaps earlier, or perhaps later, we began making plans to contain costs, cut them where possible, and generate revenue.
However, it's probably true to say few realised how hard the recession would hit... When major banks need to be bailed out and a retailer such as the UK's Woolworths goes under, the challenge to survive can be daunting. So, when a recession hits and the chips are down, what do you do to weather the storm and then start building again? This article provides some ideas.
