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Dealing With a Downturn

6 secrets that'll help you survive an economic slowdown

By
This story appears in the May 2001 issue of HomeOfficeMag.com.

Sure, it's scary that the bear is at the door and, suddenly, the bloom is off the 10-year boom we all prospered in...but let me tell you, you can tough it out through today's slowdown. And do note, I said "slowdown," not "recession," because as I write this, we have yet to suffer prolonged negative growth. Sadly, though, it already feels like a genuine recession for many of us.

Why? Contingent and freelance labor are typically the first to get their budgets slashed-and that's what many homebased entrepreneurs provide. We are bookkeepers, marketing consultants, graphics artists and, of course, freelance writers.

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