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The burning question on every business owner’s mind will be the impact of the current economic recession on their business. ML, Lehman Bros., AIG… what darkness awaits in future?
Small businesses, for the most part, are on a strict budget and do not have a lot of expendable capital. Smart tactics one can adopt to wait out and survive the severe downturn cycle in the economy:
Entrepreneurs must understand markets in order to fashion business plans and strategies that can be effectively implemented as per the current environment. You will feel more empowered once your business survives and continues to grow beyond this phase.
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Trends Influencing How Small to Mid-Sized Business Accounting Departments Operate.