Ebbs and flow in revenue generation are a fact of life, even for the super-rich. But when income appears to dry up altogether, the idea of bankruptcy can seem like a blessed lifting of an intolerable burden.
Raising the business drawbridge, many small and medium sized enterprises are opting to stay small, to avoid hiring employees, and burdening their bottom line with more bureaucracy.
Raising prices when belts are being tightened around every corner may, in some instances, be commercial suicide, but it is sound business sense to monitor your pricing structure on a regular basis. [Guest Post by Euphrosene Labon]