Running your own business is challenging at the best of times – in a slower economy it’s even tougher.
“Economic downturns and debt management challenges go hand in hand,” agrees Chartered Accountant Bruce Bailey of BAB Consultants of Sharon, Ontario. “But a tougher economy can be a benefit if it forces a business to analyze the core competencies that drive its success and the business owners are willing to make choices that are often difficult, but will improve the business over the long run.”
