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Make A Six Month Survival Plan Give yourself some peace of mind by making a six-month survival plan. Once you know exactly what you will need to stay on top, your anxiety will lesson and your creativity will increase. This is a perfect example of being pro-active instead of reactive.
Understand The Ebb and Flow of Your Business Keep exact records of sales week-to-week and month-to-month every single year. By doing this you will begin to understand busy times and slow times of your business. In turn this will allow you to plan financially for slow times. Every business has a slow period during year, it's important that you know what yours is in order to plan for success of your business.
Diversify Your Marketing Techniques Do not depend on one marketing avenue to get you through tough times. Perhaps this one marketing technique has worked for you in past, but obviously something has changed, and now so must you. Make a list of possible marketing avenues and begin researching which methods are most cost effective in relation to results.
Get Professional Help If You Need It Smart business people understand when they need outside help. Do you? If your business is doing more sinking than swimming it's time to seek a professional to help you put your business on stable ground. Many, many businesses have filed bankruptcy when it wasn't necessary. Professional financial mediators can help you with creditors and get your business moving in right direction again.
A downward shift in economy can cause heart-stopping reactions where your business is concerned, but once you learn how to work through situation you soon realize you and your business can weather any storm.
Peter Robben is a professional business mediator who helps business owners find solutions to debt, creditor problems, and financial insolvency. If your business is struggling, contact him today by first visiting www.WeSolveDebt.com