There is no doubt that times are very tough for small businesses on the Isle of Man. Competition from the big boys, online merchandising and customers who are feeling the pinch all make an impression. Cash flow Watch it like a hawk! Many a good business has gone under simply due to running out of cash. Chase those debtors and keep a lid on costs. Good customer service must be a priority. You have to show that your business is better than your competitors. Go out of your way to make sure that your customers know you care. Think laterally Nothing is cast in stone. Could you move to cheper premises? Could a piece of new software mean you don't need that extra member of staff. Are there untapped markets to explore?
