Saturday, December 22, 2012

Get Ready to Go Over the Cliff

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The thought of planning to go over a cliff may seem incomprehensible, but in a situation where you know it might happen--like you are now--you should put a plan in place.

While Washington has shown signs of inching toward a deal that would avoid the so-called fiscal cliff, that could easily fall apart. Especially considering House Speaker John A. Boehner (R-Ohio) unexpectedly canceled a vote on his own proposal yesterday.

So what do you do as a small business owner to prepare? Think of it the way you do costs versus revenue. It's obviously easier to control your expenditure than it is to spur revenue growth. A similar issue exists with the fiscal cliff. You can't control it, so focus on what you can control.

Posted via email from Create | Inspire - DM2 Studios

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