Is That Really How You Want to Save Money?

Posted by JohnH under Strategy
From http://www.smallbusinessnewz.com 5684 days ago
Made Hot by: on October 24, 2008 5:39 pm

Small businesses are feeling pressure from the economy and are looking for ways to save money. New data from a study conducted by the U.S. Federation of Small Business and DYMO shows just what these businesses are doing to cut costs:

- 23% of respondents have cut staff

- 36% of respondents have decreased business travel

- 36% of respondents have minimized marketing efforts

- 29% of respondents have put a freeze on bonuses and raises

Is this really the best way to save money?