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The obvious is to meet overhead, such as lease payments, utilities and payroll expenses. Examples include: Supplier discounts for bulk purchases. Increase productivity with upgrades to personnel and equipment. However, cash is also leverage to grow your company in ways not otherwise possible. Seize growth opportunities.
They coordinate schedules, handle employee issues, negotiate with suppliers and work hard to ensure everyone gets along within the company culture. For example, answering phones, taking messages, purchasing office equipment, working with relevant software and filing paperwork.
Getting by with skeleton staff : Small business owners are still whittling away at their payroll, but the deluge of pink slips on Main Street is slowing down. Digg Furl Netscape Yahoo!
At WorkplaceDynamics, we are all about equipping leaders to unleash potential, inspire performance, and deliver business results through the passion of their team members. During times of high demand, as we are seeing right now in the US, the labor market tilts in favor of the ‘suppliers’ – or individual workers.
John Tasher Don Said on July 29th, 2008 at 4:43 am I totally agree that bootstraping is a must, but I can also see how small business would require additional funding for equipment, supplies, ect., PAYweb Small Business Payroll Said on February 23rd, 2009 at 6:29 pm Great article, and very interesting comments. Thanks for the comment.
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