BNET Feature Package

Smart Business for Tough Times

Businesses need to play both offense and defense to survive a serious downturn. Here are 12 tactical moves to consider now.

As the recession deepens, businesses are scrambling to adapt. Some are in serious trouble and looking for a lifeline. Others in better shape are searching for smart ways to take advantage of soft markets or weakened competitors. From either perspective, these are times that test a company’s resilience and savvy. Those who make smart decisions now can survive — and may even come out ahead.

To sharpen your strategic thinking, we’ve gathered a set of tactical plays on both sides of the ball.

Play Defense
Refinance Your Debt
Prioritize Your Debt
Raise Cash Through “Factoring”
Sell Off Non-Critical Assets to Raise Cash
Price Optimize for Your Best Customers
Rebalance Compensation from Top to Bottom

Play Offense
Land a Private Placement to Fund Critical Investments
Exploit Revolving Credit
Take Advantage of Training Programs
Cherry Pick Top Talent Away from Rivals
Double Down on Strategic Advertising
Capitalize on Affordable Luxuries

Smart Business for Tough Times

Your Work The 7 Interview Questions You Must Ask

The 7 Interview Questions You Must Ask

Forget 'What are your strengths and weaknesses?' If you want to get the real dope on prospective employees, ask job candidates these seven questions.
Your Industry Chicken War: KFC Appears to Be Plucking El Pollo Loco

Chicken War: KFC Appears to Be Plucking El Pollo Loco

In the highly publicized chicken wars, KFC seems to be winning the financial battle over El Pollo Loco. But is it really fair to compare the smaller chain to Colonel Sanders' empire?
Your Money 401(k) Mistakes to Avoid

401(k) Mistakes to Avoid

You’re counting on your 401(k) to provide a cushy retirement. Or at least food, shelter, and a broadband connection. But many investors undermine their savings plans without even knowing it. We’ve compiled a list of the most common mistakes, and explained how to avoid them.