Survey Says Small Businesses Resilient Despite Economy
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In spite of financial pressures, many small business owners still feel they have levers to pull before they would be forced to close.
If their financial situation does not improve, 34 percent would resort to either layoffs or changing their mix of products or services, according to the survey. About a third would barter with customers, suppliers and employees to minimize the use of cash, while 31 percent would reduce operating hours. Twenty-nine percent would purchase a technology to increase the efficiency of their business.
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