Bad business moves for tough economic times

03/26/2012 | Forbes

Hiring new employees too quickly can harm your business during an economic downturn, writes Christine Comaford. "It's better to try out new staff members as independent contractors first. Then, after you're confident that they work well with your team and share your values, bring them on as permanent hires." Other common mistakes include pursuing poor sales prospects and failing to create a long-term plan, she writes.

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