16 Tips for Steering Your Company Through an Evolving Industry
How book publishers can survive this "perfect storm" of challenges.
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Missy Smith
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3. Reduce costs.
Look at your break-even point and consider what steps the organization can take to reduce it. Anything you can do to reduce your significant fixed costs will be a help.
4. Keep an eye on your capital.
If the credit markets continue to be tight, we can expect to see cuts in inventory and infrastructure investment as publishers husband cash to cover their operating requirements and as those carrying large amounts of debt manage their debt service.
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Missy Smith
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