Published January 15th, 2008
You have probably heard the saying “a rising economy floats all boats.” The business metaphor of course refers to the fact that when business is good, even marginal business owners make money.
There is another saying that is not quite G rated enough to share in earnest, but it relates to the fact that you don’t find out the color and style of swimming trunks those around you are wearing (or not wearing as the case may be) until the tide goes out. The point being that when the economy goes south, those in business can be exposed.
It is... Read more
Tags: economy, Growing Your Business, larry Slusser, preparation, recession, recession-proofing
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Published December 19th, 2007
If you work for a corporation or own your own business, this article informs you why you need a business continuity plan (BCP) to protect the financial interests of your company.
According to Ken Doughty, editor of "Business Continuity Planning: Protecting Your Organization’s Life":
"Studies of organizations in the United States that have experienced a disaster have shown that over 40 percent of the organizations struck by a serious disaster never resume operations."
This statistic gives you a staggering dose of reality. Your small or medium business needs a business continuity plan to survive. You may not have thought about... Read more
Tags: business continuity plan, management, planning, preparation, protect financial interests, Rebecca Button, small business, strategy
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Published November 29th, 2007
Even if you have never been involved in the Scouts of America group, there is little doubt that you have heard their famous motto: Always be Prepared! No doubt you have also realized that this catchy little slogan does not just apply to outdoor excursions, but to most other areas of life as well, and that includes business.
Let’s get one thing clear before we get into the “meat” of this article: just like the little boy who brings a Swiss Army Knife to every single campout, the prepared business is likely to suffer some forms of derision from the... Read more
Tags: Accounting, contracts, debt, Finance, Finance and Accounting, Leeia Ladipoh, preparation, strategy
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