The Silver Lining of a Bad Economy

When times are great and business is booming, it’s often easy to overlook pesky inefficiencies in a small business. After all, it would be more trouble than it’s worth to fire that employee who works half-heartedly or to correct that slight redundancy on the books. But that all changes when the economy turns south. All of a sudden, all of those things that stunt your business, however slightly, add up to make a difference. The silver lining here is that these problems are magnified and you can see what you need to fix. This is the opportunity to clean house, to compensate your good employees in a way that makes them more efficient, and to outsource if it will be of benefit. The only way to survive in tough times is to adapt and find the hidden opportunity to improve your business.

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