Out with the old, in with the new.
This week's Financial Post column offers "Ten tips to survive the recession."
Here's an excerpt:
Reward your most effective, loyal employees: Some people don't like secret bonuses, but there's no law that says you have to treat good and bad employees equally. If you've had to impose a general wage freeze, for example, you might offer your best (and most at-risk) employees a one-time cash bonus, or even a certificate for dinner at a nice restaurant. Little things mean a lot, especially when they're unexpected.
You can read the rest of the story here: http://www.financialpost.com/small_business/story.html?id=1121371
My column in PROFIT Magazine this month goes a step further. It's called "And now, the Recovery," and includes a number of useful tips designed to help you get your business in shape for growth and success post-recession.
Click here to read this story.
Finally, here's more cheery economic tidings, courtesy of the Financial Post's interview this past weekend with RBC chair Gord Nixon:
FP: How is Canada positioned for 2009?
Gord Nixon: We go into this recession fiscally in a very different position than we went into previous recessions over the last 40 or 50 years. Unemployment is at historically low levels, interest rates are much lower, you've got a strong banking system. There are a whole bunch of factors that I do think put Canada in a much stronger relative position to weather this storm than we have been historically.
On that note, best wishes for a very happy and prosperous New Year!