In today's environment, it's only prudent to take some steps to soften the blow if the economic slump does spread to Canada. To help you prepare, here are some tried and true strategies from entrepreneurs who've been there, fought back and won.
Joseph Mimran, Chairman and CEO of Joe Mimran and Associates
Laura Hansen, President of Image Group Inc.
Michael Glazer, CEO of Premier Service Inc.
Kyu Lee, CEO of Queue IT Professionals
Jonathan Carroll, President of iTravel2000
Norine Bevan, CEO of Summerlee Office Solutions Inc.
Doug Kerr, Founder and CEO of Kerr Construction
Debra Lykkemark, CEO of Culinary Capers Inc.
Andrew Richardson, President of Targray Technology International Inc.
Rita Tsang, President and CEO of Tour East Holidays
David Cynamon, Executive chairman, K2 Pure Solutions
Frank A. Wilson, President of T.E.S The Employment Solution
Marg Hachey, Executive vice-present of Duocom Canada Inc.
Jim Treliving, Chairman of Boston Pizza International Inc.
Read: 75 Ways to Cut Costs to trim fat from your business without cutting any muscle