• Analyze the amount of inventory and other assets you have on hand. While you need products and equipment to make sales, you do not need an excess of either.
• Take this opportunity to focus on tasks that may include professional development and training or research and planning. If it is possible, you might even use this slow period for personal development, which will help you maintain the right attitude, while you begin to practice the other tips mentioned previously.
• High employee productivity is essential in poor economic times. You may need to look at your business and identify “that isn’t in MY job description” attitudes and make adjustments. It often cuts across the grain with small business owners, but surviving with a few employees is better than failing with all employees.
Tennessee Small Business Development Center at Volunteer State Community College provides free and confidential advising sessions to small business owners that want to grow, hire, or obtain financing.
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