Are you on the right track? Small business owners need to know...
The Facebook's, Google's and Twitter's of the world, are rightly so, oblivious to any changes, because people are still flocking to their profitable billion dollar platforms that see the founders and investors laughing all the way to the bank. It's as if they won the lotto and the rest of us just keep putting our tickets in each week, in hope.
But what about the small business owners out there? How well are they fairing? There seems to be a lot of talk about cutting back on staff, reducing overheads and waiting to make the next big purchase in technology - afterall, who knows what is going to happen in the market? It's uncertain what the economy is going to do and according to the media, it's not looking too good.
If you have a few hours available this week, why not take a good look at your business? I am no finance expert, but why not see where you can save costs without sacrificing how you deliver your product or service? Sit down with your team, and ask them how they can help the business stay on track and deliver the results that are forecast for the year ahead. If you are in a business to business environment, ring a number of your customers and ask them how they are fairing and what your company can do for them to help them achieve their goals.
Re-think what you are doing, how you are doing it and what changes in the market will do to your business. If you are smart, you will be ahead of the curve and prepared for anything and everything. Market when your competitors aren't. Motivate your staff - even if you feel that the world is coming down on you. And capitalise on what you have achieved, afterall this is the best leverage point any small business can have.
Make sure you are on the right track - regardless of what they say the economy is doing. :)
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