While the downturn in the economy is certainly detrimental
for many, it can actually be a benefit for small business owners. Daniel Touizer, the CEO of Cinergy Health,
offers advice to make the most of the down economy.
One tip from Daniel Touizer in the recession is to purchase
office space or to renegotiate the prices on your rent. Many buildings are vacant and this abundance
offers opportunity for business owners.
In addition, raw materials cost less than they have before. Enjoy sales on office furniture, supplies and
more and snap up those products with their reduced prices.
The Cinergy Health CEO also recommends reevaluating your
personnel needs. You can hire people for
less than you could a few years ago, and this might allow you to bring
experienced and highly qualified people to your business while saving money
doing so. Make sure to encourage healthy
living with all employees, perhaps even offering discounted rates on gym
memberships. Finally, according to Mr.
Touizer, it is best to offer different healthcare package options so that
employees can select the coverage that is best for their needs.
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