Today's economy has many business owners wondering about what they should do for their business. They're seeing their daily, weekly, and monthly gross income going down because consumers are no longer spending like they used to. People today are afraid of the future. Today's news media has created a fear that people will be laid off and that they will be waiting in bread lines. While this is great, if you're selling advertising on a news network it creates a problem for business owners.
First you have to take a good look at what you've been doing over the last 12 to 24 months. What do your numbers look like? are you pleased with the results you've been getting? are the products that you've been selling still selling. In today's economy people are no longer buying the things they used to buy. Luxury items are not selling like they used to as many have chosen to no longer buy them.
As you look over your business, take a look to see what other things you could be selling and is there an opportunity for a monthly continuity program. A continuity program would allow you to fill a customer each month for products or services that they want to purchase on a monthly basis. This subscription service, or continuity program would consistently bring your customers back to you And allowing you to have a more consistent cash flow.
Open up your personal checkbook. Look at what you have been spending your money on over the last 3 to 6 months consistently. Can you turn some of those monthly bills that everyone spends their money on into cash flow for your business? according to the National Retail Federation, we are committed to using today's technology. More than 80% of us wouldn't give up Internet access. Almost 2/3 wouldn't cancel a cell phone, and more than 60% would never drop cable or satellite television.
Obviously, you want to be selling what people are buying. Today people have raised their expectations. We now expect others to have cell phones and to be able to accept our text messages. For entertainment, people are now watching more satellite or cable as it's already a part of their monthly expenditure. As you look over your own personal finances, it begins to come obvious that the things you spend your own money on are the same things your customers are spending their money on.
While people today do have a fear of recession and of losing their job, the smart business owner has changed the products they sell, How they sell them, and even where they sell. For example: a dry cleaner may choose to sell $200 worth of dry cleaning services for $50 using a coupon book. This generates income, and insurers that their customers will not go to a cheaper competitor.
Those who had a sizable nest egg are also concerned as the stock market changes have lowered their savings, so they are more focus about where they spend their money. People who would normally spend $4000 on a vacation are spending $2000. People who would have spent $2500, are spending $1000. People who would normally spend $800, are choosing not to take a vacation - and it could get worse.
Today's business owner has got to be prudent about what they are selling, where they are selling it, and for how much? in today's economy it's only common sense to be selling what people need, not what they want - as bad as were people today are spending their money. - 17944
First you have to take a good look at what you've been doing over the last 12 to 24 months. What do your numbers look like? are you pleased with the results you've been getting? are the products that you've been selling still selling. In today's economy people are no longer buying the things they used to buy. Luxury items are not selling like they used to as many have chosen to no longer buy them.
As you look over your business, take a look to see what other things you could be selling and is there an opportunity for a monthly continuity program. A continuity program would allow you to fill a customer each month for products or services that they want to purchase on a monthly basis. This subscription service, or continuity program would consistently bring your customers back to you And allowing you to have a more consistent cash flow.
Open up your personal checkbook. Look at what you have been spending your money on over the last 3 to 6 months consistently. Can you turn some of those monthly bills that everyone spends their money on into cash flow for your business? according to the National Retail Federation, we are committed to using today's technology. More than 80% of us wouldn't give up Internet access. Almost 2/3 wouldn't cancel a cell phone, and more than 60% would never drop cable or satellite television.
Obviously, you want to be selling what people are buying. Today people have raised their expectations. We now expect others to have cell phones and to be able to accept our text messages. For entertainment, people are now watching more satellite or cable as it's already a part of their monthly expenditure. As you look over your own personal finances, it begins to come obvious that the things you spend your own money on are the same things your customers are spending their money on.
While people today do have a fear of recession and of losing their job, the smart business owner has changed the products they sell, How they sell them, and even where they sell. For example: a dry cleaner may choose to sell $200 worth of dry cleaning services for $50 using a coupon book. This generates income, and insurers that their customers will not go to a cheaper competitor.
Those who had a sizable nest egg are also concerned as the stock market changes have lowered their savings, so they are more focus about where they spend their money. People who would normally spend $4000 on a vacation are spending $2000. People who would have spent $2500, are spending $1000. People who would normally spend $800, are choosing not to take a vacation - and it could get worse.
Today's business owner has got to be prudent about what they are selling, where they are selling it, and for how much? in today's economy it's only common sense to be selling what people need, not what they want - as bad as were people today are spending their money. - 17944
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