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Tip #11: Business Owners Must Make Bold Decisions in Tough Times!
Business owners must be pro-active to reverse any downward trends and they must initiate a plan immediately! They cannot be complacent and just hope for the best. They must consider bold or even painful moves such as drastically cutting expenses and staff, adding new product lines or services, hiring a marketing consultant or even acquiring another company. But sitting back and not taking immediate action is not an option!
