Sometimes I worry that the media is creating a recession. I know that they should report the news, and the business news is generally not good these days. But pundits constantly suggesting that we are in a recession influences investors to stop buying, thus creating a recession.
I have to give credit to Ben Bernanke for not letting the word come out of his mouth. He’s said that he doesn’t expect the economy to grow much the first half of 2008. But he’s not going to define the situation before we really know what the situation is for a sustained period of time.
Regardless of whether the r-word must eventually be used by our Fed Chief, the fact of the matter is that we’re not looking at a positive growth year economically. So if there’s any advice I can give you and your small business, it is this:
Stop using a fax machine. Get rid of the machine. Take it out into a field and destroy it. Well, maybe you can just throw it in the dumpster. But either way, just get rid of it.
Fax machines are a waste of time. You can now send faxes through email. It’s faster, easier, and less expensive. That is the first step to saving you money. With that out of the way, you’ll need to look to every other way possible to cut expenses. It’s not fun but it’s a must in the current situation.
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