Here’s an excellent series of articles from BNET, Smart Business for Tough Times:
As the recession deepens, businesses are scrambling to adapt. Some are in serious trouble and looking for a lifeline. Others in better shape are searching for smart ways to take advantage of soft markets or weakened competitors. From either perspective, these are times that test a company’s resilience and savvy. Those who make smart decisions now can survive — and may even come out ahead. To sharpen your strategic thinking, we’ve gathered a set of tactical plays on both sides of the ball.
Play Defense –
Refinance Your Debt
Prioritize Your Debt
Raise Cash Through “Factoring”
Sell of Non-CRitical Assets to Raise Cash
Price Optimize for Your Best Customers
Rebalance Compensation from Top to BottomPlay Offense –
Land a Private Placement to Fund Capital Investments
Exploit Revolving Credit
Take Advantage of Training Programs
Cherry Pick Top talent Away From Rivals
Double Down on Strategic Advertising
Capitalize on Affordable Luxuries
