10 Ways to Stabilize Your Business During a Recession

By Carleigh Lowe Tuesday, March 10, 2009

1. Don’t lower your prices.

2. Avoid giving deep discounts.

3. Think small, sell big.

4. Offer alternative payment options.

5. Build your reputation.

6. Get control of your thinking.

7. Practice a rational mindset.

8. Cultivate an eye for opportunity.

9. Adopt a different way of thinking.

10. Focus on what you want to expand.

These tips are from business consultant and author, Susan L. Reid. She wrote a great article about getting through these tough times at the American Express Open Forum Blog.

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