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Sound Advice for Shaky Times
- Article from:
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Step Inside Design
- Article date:
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July 1, 2008
- Author:
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Copyright informationCopyright Dynamic Graphics, Inc. Jul/Aug 2008. Provided by ProQuest LLC. (Hide copyright information)
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WHAT CAN YOU DO TO KEEP YOUR DESIGN BUSINESS HEALTHY DURING AN ECONOMIC DOWNTURN? HERE ARE SIX SMART STRATEGIES TO HELP YOU WRING PROFITS FROM ECONOMIC TRAVAILS.
If you earn your living selling design services to corporate clients, you already know that many of them are cutting back existing budgets and delaying the start of new initiatives. When the economy enters a recession, the first client industries to be affected are usually the ones most dependent upon consumer discretionary spending, including:
* Travel and tourism
* Furniture
* Major appliances
* Automobiles
* Home financing
* Residential construction
As a businessperson, it's important for you to start battening down the hatches ...