An economic slowdown is a phase of the cycle, in which the economy as a whole declined. This is indeed the end of the period of growth in the business cycle. The economic downturn characterized by lower consumer purchases (especially of durable goods) and then a reduction in levels of production of enterprises. Even if the economic downturn are admittedly difficult, and are formidable obstacles to small businesses who were trying to survive and grow, an economic downturn can open up opportunities. A well-managed companies can have the opportunity to market share by getting customers to their competitors. Resourceful entrepreneurs capture the available opportunities, an economic downturn and the development of alternative methods on how companies that have never been implemented in a period of growth before. The challenge of successfully navigating your business through an economic downturn lies in the reorganization of your company with the current economic realities. Specifically, you need as a business owner to renew on your core clients / customers, reduce your operating costs to save money, and management of proactive rather than reactive, is of the utmost importance. Here are the best practices to help you successfully navigate your business with an economic downturn: Goals: The goal of every entrepreneur is to survive the current economic downturn and to develop a leaner, more profitable and efficient operation. The secondary objective is to grow the business even in this time of economic downturn. Objectives: