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Ten tips for managing a business in a recession

Terry Frost, Forgetting Lorca, Flowers Gallery

The theme of how to manage a business during the recession is explored at Fortune courtesy of senior editor at large Geoff Colvin.

As the author quite rightly points out, managing through any recession is difficult, but the current downturn offers unique challenges because it is different to previous recessions in many ways.

Not only is employment plummeting but consumer spending is falling sharply and to make matters worse, consumers are in more debt than ever.

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