This year-end is going to be tough on small businesses as economist have already predicted that the holiday season would likely not be all that great. This is a good time to scrutinize your business and discard what isn’t working and can be done away with. You may need to rethink your approach to achieving your business’ goals. Apart from that hold on to cash as much as possible, for example delay paying bills now that can be paid in January, you can also work up a plan to pay them in installments. Next start lining up work for 2011. Finally attract your customers with low cost but high impact marketing strategies like using social media marketing.

Source: Wall Street Journal