Some articles on Saving Money as a Business in 2009

Thought I'd put together a small list of different articles that will help the small business owner plan to save money. In my opinion it is not smart to arbitrarily start cutting back, it is smarter to have a plan in place that will ensure that money is being focused into income earning areas and away from non income expenses like your electric bill.

From Canada One - Keeping Your Cash in an Economic Downturn

Canada's Economic Forecast looks Good!

Canadian Government is

poised to announce Major Spending to help economy
Tuesday's budget is expected to include more than $6 billion in new infrastructure spending, increased training money and possibly enhanced benefits through employment insurance, a major program of tax credits to encourage home renovations and support for forestry, manufacturing, aerospace, mining and other industries.

How are you preparing your business to ensure that you will be getting a piece of the pie. If you are a contractor how are you advertising to ensure your company will be called upon?

Although I don't agree with the idea of cutting back on advertising, the ideas in this lengthy list are a good way to save money and change up your advertising methods. 78 Ways to Save during an Economic Downturn

When looking to save money look to lower the costs that do not provide a return, like your energy bill. Here is a list of 10 ways to save money and become more Green in the process. 10 ways to Green your Business

10 ways to save money on fuel if you are a business.

I believe that the best way to survive a recession and grow your business stronger is to market and advertise, after all why shouldn't you get your competitors customers when they shut their doors or stop providing the service or quality their customers have come to expect. Ensure you are where prospects will look for you and your services, plus find unique and cost effective ways to build awareness. 10 Low Cost Marketing Ideas for Businesses to Save Money

Cut back your costs that don't bring in business - like your insurance costs. Ideas to decrease your business insurance costs.

I've met with lots of small business owners over the last few months and almost all are cutting back and finding ways to save money. Not all are making the right choices, but most are smart about how they plan on saving money and surviving.

Some though have a different attitude. One business owner, a very smart individual who was on top of everything going on in the marketplace, decided that he and his business were not going to participate in this recession. Considering the short span of time the Canadian recession is projected to be he will come out ahead of his competition that will need to restart their marketing and advertising campaigns. Most will have done so too late and potential customers will have already made their choice of a new provider.

Historically by the time the recession has been officially declared the bottom has been hit and the economy is already in recovery. The only time this isn't the rule is when the banks and financial institutions have collapsed and thereby inhibiting any cashflow and recovery. Without financial institutions, credit, and government investment there is no job creation which makes things slower to recover. In Canada that is not the case, our 5 major banks are still viable and our government is planning on a large spending and tax incentive to get the trades back to work.