5 Ways to Take Advantage of the Tough Economy

Posted by stillwagon428 under Technology
From http://www.openforum.com 4084 days ago
Made Hot by: mikehartman1 on March 5, 2013 5:18 pm

The tough economy has bolstered the U.S. into the top echelons of technology innovation. Are you taking advantage of it?

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Comments

Written by AngelBiz
4077 days ago

I always consider difficult times to be the best times to start business or reposition your existing business to take advantage of the opportunity. Some of the best companies, such as HP, were started in difficult times. The key is to assess your business vis-a-vis competition and take actions that will not only help you survive the business in the short-term, but also help it grow when economy does improve.

I would also add that you should cut your costs to stay profitable and cash flow positive during difficult times and see if there are other buyout or customer acquisition opportunities due to some of the competitors going out of business.

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