top 10 tips for surviving an economic downturn
kevin ryan, cpa
partner
citrin cooperman
philadelphia
many citrin cooperman clients are noticing a growing concern among their customers, and consequently, are beginning to prepare for tougher times.
our clients are asking us what they should be doing now to prepare for an economy that goes south. as cpas, we’re always worried about volatility in the marketplace, so the advice we provide now is the advice we’ve provided to businesses all along. look at 9/11. many companies weren’t prepared when the economy sank then, and frankly, many companies didn’t make it.
there are steps owners of privately held businesses can take now to prepare for a sluggish economy. they include:
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