5 Tips to Help Small Businesses Find the Upside in a Downturn
Small Business Expert Gene Marks Shares Advice from Intuit Town Hall
MOUNTAIN VIEW, Calif – May. 15, 2009 – While many small businesses struggle to survive, a new degree of optimism and openness to risk-taking is emerging. That's the sentiment heard from about 30 small business owners - and countless others on the Web - during a series of Intuit Town Hall meetings at the company's Mountain View campus which took place Thursday.
Moderated by small business author and expert Gene Marks and Intuit (Nasdaq: INTU) executives, participants shared their views on how to survive and thrive despite the economic climate. And in the end, they received tangible tips and advice on how to save and make money.
"While small businesses are still concerned about finding and keeping customers, obtaining credit and retaining employees and their benefits, there's a shift happening," said Marks. "Now more than ever owners are tapping their entrepreneurial spirit by getting more creative and taking chances."
As a result of the Town Hall, Marks and Intuit offered five tips to find the upside of the downturn:
"As a former small business owner, I've learned that you can't diet your way out of a recession. You have to be open to taking risks and sometimes going against conventional wisdom," said Justin Kitch, Intuit's chief growth officer and co-moderator of the Intuit Town Hall. "My hope is that small businesses find new opportunity by using these tips today, so they can find success in the future."
Intuit Inc. (Nasdaq: INTU) is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Our flagship products and services, including QuickBooks®, Quicken® and TurboTax® , simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. Our financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $3.1 billion in its fiscal year 2008. We have approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.
Intuit and the Intuit logo, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
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