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If a recession of the U.S. economy is not a question for you anymore this is a right time to think about a few creative things business people do to survive that time. Simplify everything and reduce expenses. Save money for your next investments when an economy will make its move from recession to growth.
Get freedom. If you claim that you are professional enough and are able to work independently take a chance and get your own business. Anyways your current salary is maximum a quarter of what your company charges clients for services. Working independently you will be able to charge less than half of your incorporated competitors and to provide the same level of service’s quality, even better. One more benefit of keeping a business small is an opportunity to give client a maximum care.
Next, if you are a freelancer and work independently don’t rent an office alone. Go on co-working environment. Your colleagues and friends from the nearest Starbucks where you spend a time with your laptop working on a next project, do exactly the same. Why not to rent and share a working space? It is not just a prominent savings it is a fun and productive working environment.
Go “green”! If you don’t commute a lot be well quit of your car. With today’s gasoline prices it not only makes savings for your pocket but also brings relief to the environment.
Cut your telecommunication expenses. Switch to free tools like Skype, Jajah and other innovative providers. They offer amazing variety of services combining cell phone, local, long distance and international communication for free.
Consult a tax lawyer or other qualified tax professional to maximize an efficiency of your business. Special attention needs to be paid to a Section 179 of the Tax Code which helps small businesses to cut considerably their tax liability. Instead of spreading the cost of business out over 5 or more years it is possible to count the expenses in a current year.
Consider to move your business out of territory that levies high business taxes. For example, there are plenty of business opportunities in “low tax zone” of U.S. Virgin Islands. Business people get there not only low tax regime but also very friendly business environment and constructive co-operation with government authorities.
Bottom line, undoubtedly a small business is more sensitive to so drastic economical changes than its big incorporated brother which has all necessary resources. But if small businesses can optimize and simplify their processes the business survival will be much more effective during this very uncomfortable period.

Konstantin
comments (1)
It is not cheap, however. My family spends a good piece of time in front of TV so my