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Impact by Districts
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Surviving the Storm
First a few quick suggestions compliments of Charles Alexander, Director of the TSBDC at VSCC.
Financial
• Review your monthly income statement and cash flow statement. You want to look for trends and upcoming problems. If necessary, sit down with your accountant to review these financial statements.
• While increasing income takes a little time, decreasing expenses can be immediate. That doesn’t mean to just make broad cuts across the board. Instead, look for specific fixed expenses you can lower. Odds are that there are some expenses that you haven’t taken a look at in quite some time.
• If you carry an Accounts Receivable, make sure you have a collections policy and follow it. Don’t let customer credit become bad debt that burdens your finances.
Marketing
• I know that I just said it may be time to cut costs, but this is the area you may need to increase costs. That doesn’t mean to keep marketing with the same methods, but if sales are slow, you may need to actually increase marketing, instead of cutting back.
• We have all heard the statistics about how much easier and profitable it is to keep a customer than it is to create a new one. Armed with that knowledge you should consider developing a customer loyalty program that will assist you in these tough times.
Management
• Analyze the amount of inventory and other assets you have on hand. While you need products and equipment to make sales, you do not need an excess of either.
• Take this opportunity to focus on tasks that may include professional development and training or research and planning. If it is possible, you might even use this slow period for personal development, which will help you maintain the right attitude, while you begin to practice the other tips mentioned previously.
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Bouncy Kids Financials.xls (116 KB)
Bouncy Kids Financials.xls
Updated 10/2/2008 11:42:13 AM | alaabs
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DHS_Partnership.pdf
DHS_Partnership.pdf
Added 5/16/2008 12:17:46 PM | bjohnson
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finale sportsbar and grill.pdf
finale sportsbar and grill.pdf
Added 7/9/2008 1:34:51 PM | alaabs
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Welcome
Welcome to the TN SBDC
Updated 12/29/2015 10:55:37 PM | bjohnson
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Surviving the Storm
Updated 11/25/2008 10:59:43 AM | alaabs
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TSBDC Success Stories
Videos from some of our success stories.
Updated 6/9/2008 7:42:51 AM | bjohnson
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What is the Tennessee Small Business Development Center?
Updated 8/1/2012 11:29:24 AM | bjohnson
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How Can The TSBDC Help Me?
Updated 7/18/2008 8:43:37 AM | bjohnson
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Start-ups
Updated 5/16/2008 12:05:18 PM | bjohnson
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Sample Business Plan
Updated 7/9/2008 2:01:18 PM | bjohnson
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Existing Business
Updated 5/16/2008 12:05:59 PM | bjohnson
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Frequently Asked Questions
Updated 9/8/2009 10:22:01 AM | bjohnson
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Other Business Support Links
Updated 8/14/2009 3:14:38 PM | bjohnson
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Training Event Refund Policy
Updated 10/15/2008 2:14:54 PM | alaabs
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MACDP Brochure.pdf
MACDP Brochure.pdf
Added 2/19/2009 11:17:02 AM | alaabs
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MACDP Application.pdf
MACDP Application.pdf
Added 2/19/2009 11:18:18 AM | alaabs
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Scam Alert.pdf
Scam Alert.pdf
Updated 3/3/2009 9:40:31 PM | alaabs
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Newsletters
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IRS Newswire.pdf
IRS Newswire.pdf
Updated 4/13/2009 2:39:04 PM | alaabs
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2009 East Tennessee Veterans Conference Save The Date Flyer.docx (51 KB)
2009 East Tennessee Veterans Conference Save The Date Flyer.docx
Updated 6/4/2009 11:08:30 AM | alaabs
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2009 East Tennessee Veterans Conference Agenda 2nd Draft 6-2-09.docx (61 KB)
2009 East Tennessee Veterans Conference Agenda 2nd Draft 6-2-09.docx
Updated 6/4/2009 11:08:54 AM | alaabs
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Podcasts
Updated 7/16/2009 9:58:33 AM | alaabs
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Mp3s
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Veterans Online Guide Book.pdf
Veterans Online Guide Book.pdf
Updated 8/11/2009 1:53:27 PM | alaabs
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Veterans Homepage
Updated 8/11/2009 1:26:57 PM | alaabs
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Win Government Contracts.pdf
Win Government Contracts.pdf
Added 8/11/2009 4:59:08 PM | alaabs
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Online Counseling
Introduction to online counseling
Updated 10/26/2009 11:04:20 AM | alaabs
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Phil Roe
Updated 2/21/2011 1:03:40 PM | MStanford
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(new link)
Added 2/21/2011 1:02:56 PM | MStanford
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Google Registrations
Updated 1/24/2020 3:47:09 PM | MStanford