Small Business Planning in a Recession

Wayne Rivers is a small business consultant based in the Raleigh-Durham area of North Carolina.  He recently appeared on CNN to discuss small business issues during a recession.  He discusses things you can do with the extra time you may have on your hands during the slowdown including taking a good, hard look at how you spend your time.

He also talks about having a contingency plan and my favorite,  what to do if you need to lay off a family member.  He calls it “pruning the family tree” and I imagine most of us know a business that could use some pruning.  Very intreresting.  Check it out.

Wayne has also appeared on MSNBC where he discussed tips to turn a business around.