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Many of your competitors are sitting in their offices hoping Wall Street and the Federal Government will do something soon to end the current recession and restart consumer purchasing. While this will do nothing for them, their inactivity is great for you and your business. You and many of your fellow small business owners understand only you and your team can keep your business profitable and successful.

In about a year, we will all see television reports about small businesses that have grown and expanded while their competitors filed bankruptcy.

Refuse to participate in any financial downturn and use this time to correct your business!!

How often have you told yourself that when things slow down you will start the budgeting process or write a better employee manual or find a new lawyer or think about new internal procedures? 
The world has heard you and has given you all the time you want each week. Use it wisely

Now is the time to truly review your mission statement and vision to see if you are heading in the direction you initially planned. Have you taken a different direction because it seemed to be the right way at the time? Take a day off, even if it seems to be the wrong time, and have a board meeting with yourself. Rethink your vision and review the initial thoughts you had about starting your company. Now is the time to make the adjustments.

Now that you have a clear vision again, do you have the right people in the right areas? Put that objective employee performance appraisal system in place and be objective about your employees. Have you allowed a friend, your nephew, the son of a good customer or the great hire that has soured over the past several years to hold your company down? Take a very good look at all employees and allow the recession to help you make some personnel changes. Dont, under any circumstance, let your core personnel leave. They know that now is not the right time to look for a job and will be very happy to stay and help through the difficult times.

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Latest News


Expect 2018 to be a volatile year: Kotak Mutual Fund In an interview with CNBC-TV18, Anshul Saigal of Kotak Mutual Fund spoke about his reading of the market and his outlook.
Fri, 23 Feb 2018 16:43:46 +0530


How to accomplish your financial goals through twin strategy of SIP and SWP It’s advisable to adopt the twin strategy of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) to meet financial goals.
Fri, 16 Feb 2018 10:12:01 +0530


Direct plans of mutual funds: Why do they suit everyone Product awareness campaigns by market participants and sustained backing from the regulator would motivate more retail investors to embrace direct plans.
Fri, 09 Feb 2018 10:35:25 +0530


S Naren Investors had forgotten the word ‘risk’ and now they will be more careful, said investors had forgotten the word ‘risk’ and now they will be more careful.
Wed, 07 Feb 2018 11:31:14 +0530


Dr.Renu Pothen GOI has decided to introduce a 10% tax on long term capital gains on equities and equity oriented mutual funds exceeding INR 1 lakh.
Fri, 02 Feb 2018 15:21:35 +0530


Lalit Nambiar Watch the interview of Lalit Nambiar of UTI MF with Prashant Nair and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Tue, 23 Jan 2018 12:04:32 +0530


Harsha Upadhyaya The expert believes that it would be prudent to tilt the portfolio towards largecaps, where valuations are slightly better.
Mon, 22 Jan 2018 11:01:26 +0530


Sunil Subramaniam In an interview with CNBC-TV18, Sunil Subramaniam, CEO of Sundaram Mutual Fund discussed the mutual fund (MF) industry wish-list and their expectations from Budget 2018.
Thu, 18 Jan 2018 14:56:59 +0530