CLOSELY HELD BUSINESSES IN TROUBLED TIMES: TOP 10 THINGS OWNERS SHOULD BE CONSIDERING NOW

9.4.2009


Large public companies have the luxury of in-house staff and large outside consulting, accounting and law firms. During this economic downturn, they've gotten loads of expensive, expert advice on how to manage risk and take advantage of opportunities to gain a competitive edge when the recovery inevitably arrives.

Closely held business owners are more alone and -- busy putting out fires to stay solvent -- can lose perspective.

So attention advisors! Help your smaller business-owning clients grab hold of the big picture. Walk them through this list of the top 10 things that closely held business owners should consider in these turbulent times:

(1) Be Opportunistic -- Even in the face of current economic uncertainty, your company may be well positioned to make moves to capture market share and set the stage for strategic growth.

 

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