4 Musts for Managing Tough Times

January 15, 2009 · Filed Under Managing Tough Times · 3 Comments

A group of business owners recently attended a workshop on doing business in a recession. The facilitator told them to cut costs, cut employee hours and raise prices. When it was all over, many participants asked themselves and each other, “Okay but —- how?’.

As they talked about this, I could hear frustration in their voices. And could see fear on their faces. Or maybe I was projecting my own feelings – re-living some tough times of my own.

Yes - I’ve had lots of experience – not with a recession quite like this – but with major budget crunches. Very challenging ones. Lots of perseverance needed. And creative problem solving. And teamwork. Resulting in lessons learned that I’d like to share here - hoping to help anyone hoping for help.