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Laura Walker - ArticlesBusiness Planning For Recession Survival and RecoveryBusinesses and consumers alike are feeling the pressure of the current economy and are conserving resources. Now is not the time to sit and wait for recovery or close your doors. Now is the time to apply innovative strategies that will not only preserve your business, but stimulate growth. This article provides a complete how-to guide for writing a comprehensive business plan, the first step toward recession survival and recovery. Cash Flow is the Fuel for Recession Survival and GrowthRecession or not, cash flow is vital to the survival of any business. The balance of cash coming in and going out is influenced by many factors, all of which should be carefully controlled. Now is the time to take action to not only preserve your business, but stimulate growth. This article provides some strategies to keep your cash flow from freezing up. Successful cash flow management is the foundation of recession survival and recovery. Get Ahead of the Recession by Retaining Your CustomersIt's more time consuming and expensive to attract new customers than it is to retain the ones you already have. Turning a one-time customer into a repeat customer depends not only upon the quality of your product or service, but also upon the way you and your staff handle that customer. Good customer service almost always trumps price, so the value of a strong customer retention plan will speak for itself when you begin to see more and more familiar faces coming through your doors.
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