Charlie Welborn, CPA

Sanford, NC - Charlie Welborn, CPA, and Davenport, Marvin, Joyce & Co., LLP partner, addressed a crowd of over three hundred small business owners at a seminar titled “Business Success in Tough Times” on December 11, 2008. The event was sponsored by the Small Business Center of Central Carolina Community College and attracted business owners who heard local finance leaders and others speak about the challenges of the current economic downturn and how to manage business in the current climate.

“These are extraordinary times we are living in,” said Welborn. “Nothing you or I can do will affect AIG or General Motors, but we can focus on the things we can control in our business and community. The successes you experience related to changes you make during this down-time will be the foundation of profitability in better times.”

The panel offered practical suggestions to help small businesses survive the rough times, such as having a well-written business plan, taking care of current customers rather than spending resources seeking new ones, and honest communication with employees about the status of the company, its finances and lay-offs. To learn more about DMJ’s work in the Sanford community click here.

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