Wednesday, November 11, 2009

Small business hunker down for survival

This article examines strategies that small businesses can to combat the challenges of the economic times.

The author notes:
From the beginning of this year through Sept. 30, sales at small businesses (privately held companies with revenue of $10 million or less) have fallen 3.75 percent, according to figures from Sageworks Inc. At the same time, net profit at these businesses has risen to 6.5 percent. How have they accomplished this? By cutting their costs. Overhead, payroll and advertising as a percentage of sales have all declined

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