Mentoris writes: Recessionary mindset

We’re bombarded with advice, statistics, facts and fiction on how best to take our businesses forward. But, as was evident from the different professional bodies, there is a lot of contradictory advice out there and knowing what to listen to can be daunting. I will leave the clinical side of things to others, but what advice should you listen to regarding your business?

In a recent survey of 883 corporate executives, the Boston Consulting Group found that the three most popular actions for dealing with a recession were cutting back on recruitment, reducing company events and cutting back on performance-related bonuses. While this may be true for big business, the question remains; how does this play out for the smaller independent business owner?