Tag Archives: Economy

6 Ways Small Businesses Can Survive In A Crazy Economy

Contrary to popular belief, small businesses can survive a crazy economy by taking some proactive steps.

    Provide spectacular customer service — every time. Have a friend or colleague visit your business and provide feedback from a customer’s perspective. This person should be unknown by your staff and willing to provide a candid assessment.
    Make sure your front and back office work like a well-oiled machine. Are the front line and the back office telling your customers the same thing?
    Manage your customer relationships — return customers take the least amount of effort — use that to your advantage. Keep in touch often.
    Review your strategic plan monthly (weekly is even better). Make sure you’re doing the things that will get you where you want to go.
    Adjust your strategic plan as necessary. Your “smallness” makes you more flexible.
    Communicate, communicate, communicate — with your employees and your customers. Nurture those relationships. Ask for feedback often.

Read More →

3 Steps You Can Use Developing Leaders In Your Industry

With the economy bordering on a recession, every company is looking for ways to increase revenues while decreasing costs. Some companies believe one of the easiest ways to do this is to cut their employee training budget. However, businesses interested in long-term viability recognize that to be successful they must continually develop their people, especially their leaders.

Read More →

Home Based Business Opportunities

The allure of a home based business opportunity is very strong these days with uncertain economic times and the pressures of working long hours for less pay. More and more people are exploring home based business opportunities to see if they are cut out to work for themselves.
With the economy ever uncertain, employers are cutting back on everything. They are cutting health insurance benefits, pay, and they are outright eliminating jobs left and right.

Read More →

Business Partners & Marital Partners Will The Marriage Survive – Part I

With today’s economy, and the layoffs occurring as a result of these economic conditions, more and more people are opting to start their own business. Due to the low start up costs, the prevalence of home-based businesses is on the rise, many of these started by husband and wife teams.

Read More →

Cultivating the Trust Factor

In today’s highly competitive economy, it is difficult to
maintain a significant market advantage based on your
professional skills alone. Developing a trusting relationship
with your clients is key to your success. No matter what business
you are in, the most powerful value-added you can contribute in
any business relationship is the trust factor.

Read More →

You Can’t Do It All Yourself

As the economy improves, so does the outlook for small business. That may mean you’ll find way too many things to do and not enough time for you or your staff to complete them. Or maybe you’ve been solo for a while and have decided your business is growing enough to need help.

Read More →

Opportunity Knocks on the Worldwide Web

Despite a struggling economy these last few years, business on the Internet has grown significantly. According to the Pew Internet & American Life Project, a non-profit research center that studies the social effects of the Internet on Americans, between 2000 and 2002 (the latest data available), there was a 63% increase in online shopping. In fact, the number of Americans who made purchases on a typical day online doubled during this period from 3 million to 6 million per day. This helps explain why every woman I spoke to recently about the potential for business success on the Internet expressed a firm belief that wide-ranging possibilities for success exist for anyone who truly puts her mind to it.

Read More →

Eight Reasons to Increase Backup Spending When the Economy Slows

Eight Reasons to Increase Backup Spending When the Economy Slows