Surviving the Recession - Advice from Dublin Business Owners

Pamela Fitzmaurice from Blazing Salads shares some tips for surviving the recession...

•  The recession can work in favour of some company managers as it is a time of being more aware of the costs within the company.
   
• Check with your suppliers if costs can be lowered most will consider a price reduction instead of loosing an account.
   
• Check with your landlords to see if you can lower the rent on your establishment.
   
• Make sure your product is the best you can produce be it a service or a product so the customer gets satisfaction when parting with their hard earned cash.
   
• Work out new credit terms with your suppliers and spread your payments over the month.
   
• The revenue and county councils are very approachable about new payment terms to companies who might be struggling in the current climate.
   
• Dont be concerned about other companies performance keep your eye on your own business and cashflow.
   
  Pamela Fitzmaurice, Blazing Salads
  http://www.blazingsalads.com/

Photo: Pamela Fitzmaurice being presented with the Dublin City Female Entrepreneur Award 2005 by Pat Lynch, Chairman, Dublin City Enterprise Board

Case Study of Blazing Salads

If you have advice you would like to share with the readers of 'Dublin City Enterprise News' please email Eibhlin Curley, at ecurley@dceb.ie

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