New Delhi, Oct. 9 -- Riding a Slowdown As An Entrepreneur

Uncertain times call for a cautious approach to managing work and money. As an entrepreneur, the future is never easy to predict but daily news, observing your work environment and daily lives of people helps you take a macro and micro view and arrive at reasonable conclusions. So, where are we today? Data tells us that there are clear signs of economic contraction and the Government is taking steps to boost growth. But, in trying times, your business needs to prepare for the slowdown by being proactive and evaluating your expenses.

The best way to get started is to note things down. Follow simple rules about where your earnings come from and what the expenses are. First, see how...