Be Prepared Before the Recession Bites

Wallowing in self-pity and blaming others for the global financial tsunami will not impress management. What will impress them is being positive and acting like a survivor.

BY JOHN R. LATHAM

Being prepared is not just the Boy Scouts' solemn plea; it has a chilling reality in these economically difficult times. If your organizations or institutions are feeling the pinch with reduced net income, you may be seeing budget cuts already, but if not the effects are sure to show up in next year's budget. Wherever you are within your budget cycle, it is time to brush up on your financials and to think about survival.

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