Help! What do I do in a Down Economy?
Times were good! Sam Smart, a brilliant young man, opened his business several years ago and watched it prosper. The excitement of success ran throughout his company and he rewarded good workers with good wages. Yes, times were good. However, as the housing market began to sag, fuel prices began to soar, and the  economy headed south, Sam found himself in a tough situation. In a short time, sales dropped 35% and Sam began to “tighten the belt.” A year into the recession, sales were down 65% and Sam’s company was struggling to survive. Sadly, he had to lay off most of the good workers in whom he had invested time and good wages.
Perhaps you identify with Sam to some degree. What do you do in a down economy? Prudently, Sam evaluated every function of his company, every expenditure and every potential way to effectively cut costs without cutting the very livelihood of his company.
When it comes to safety and risk management, here are three money-saving ideas. Click here to find those ideas! |
This Month’s Featured Webinar:
An Extra Effort for Safety’s Sake
In difficult economic times, it is more crucial than ever to avoid accidents and injuries. Because total wages are down, premium is down as well. However, the costs of accidents and injuries DO NOT decrease in a down economy! Thus, you will pay full costs with fewer available dollars. Find out:
- The true costs of accidents
- What it takes to re-coup those costs
- 4 Easy-to-Implement Principles that won’t cost you a dime!
View the free webinar:
An Extra Effort for Safety’s Sake
Additional safety webinars are available on the Safety Webinar page.
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