Thursday, 25 September 2008

7 Golden Rules to keep your business thriving

  1. Focus on your existing customers - these guys are valuable so keep that in mind!
  2. Keep an eye on your finances - do you know what your margin is, do you know what your projections are... Are you on target to hit your targets?
  3. Review suppliers - check out whether you are getting the best deals especially if they are increasing their prices
  4. Review your costs - maybe its time to switch utility bills, do you really need to take that taxi to the meeting?
  5. Adapt and add value - consider some 3 for 2 offers, make yourself stand out from your competitors (check out what ASDA have been doing so that they stand out from their competition!)
  6. Check in with your bank - make sure you have got a good rep with your bank because you just might need a bit more over draft!
  7. Dont face it alone - there is lots of advice out there and it is good to share!

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