Small Businesses Share Survival Tips for 2010

The Los Angeles Times reports that many small business owners aren't sitting idly by hoping for the economic recover to save them. They're saving themselves through innovation.

One bookstore owner is switching from its standard inventory of books to bargain titles to lower inventory costs.

A commercial bakery cut salaries across the board by 10 percent, even as it continues its expansion plans to hire more workers and add trucks.

A 33-employee manufacturer of stage drapes for touring bands, schools and religious organizations is using teleconferencing instead of a showroom to keep expenses down.

A fitness studio added a line of DVDs since some customers can afford to come less frequently.

What are you doing with your small business to stay competitive — or even just to survive — in a period of recession? Leave a comment or take the poll.

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