You may be in Mail Order, Direct Mail or you may be a local merchant with 150 employees; whichever, however or whatever you've got to know how is to keep your business alive during economic recessions. Anytime the cash flow in a business, large or small, starts to tighten up, the money management of that business has to be run as a "tight ship."

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Some of the things you can and should do include protecting yourself from expenditures made on sudden impulse. We've all bought merchandise or services we didn't really need simply because we were in the mood, or perhaps in response to the flamboyancy of the advertising or the persuasiveness of the salesperson. Then we sort of "wake up" a couple of days later and find that we've committed hundreds of pounds of business funds for an item or service that's not essential to the success of our own business, when really pressing items had been waiting for those money.

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If you are incorporated, you can eliminate these "impulse purchases chases" by including in your by-laws a clause that states: "All purchasing decisions over (a certain amount) are contingent upon approval by the board of directors." This will force you to consider any "impulse purchases" of considerable cost, and may even be a reminder in the case of smaller purchases. www.66-studio.com/index.php