Comments on: Small Business Growth Tips to Overcome a Slow Economy

By: Savings

Savings — Tue, 09 Mar 2010 09:57:27 +0000

I am finding that aligning our business with smaller investments to match the demand has been ideal. We have shifted our investment into already profitable areas and needed to realign resources. The challenge has been identifying those areas. Any tips on that Dawud?

By: small business

small business — Thu, 04 Mar 2010 09:14:06 +0000

You describe this post in lovely writing style. I enjoy reading your article. Hope I can visit your blog again. Thanks for sharing

By: NJ Diner

NJ Diner — Wed, 12 Aug 2009 02:29:34 +0000

I think Kim should have gone on the offensive and try new tactics and change her sales agenda a bit. You have to adapt to the changes. Of course the economy chilled out, yes it is tougher to sell in a lot of genres. But don;t just sit there passively, try anything new to get more leads and set a few hours every week toward new ideas.

By: Aditya

Aditya — Mon, 10 Aug 2009 17:50:21 +0000

Good article again. Very helpful when finances are tight, it seems as if even survival is so tough in this tough time. I’m sure your strategies will help me.
Thanks, Aditya

By: Fort myers property management

Fort myers property management — Thu, 30 Jul 2009 00:51:26 +0000

Being pro-active to the customer wants and digging-up emotional triggers is a great strategy which you can have a laser beam focus on the customers avatar which work on any economic downtime. One way also for them to put more value to them is for you to facilitate a “Group” or “Clan” in which they could make feel they belong to a “Elite”.Promise Big and Over Deliver.

By: The Baldchemist

The Baldchemist — Mon, 20 Jul 2009 14:07:39 +0000

Other than that Dawud, how the hell are you?
Good to read your posts. Take care my friend and get as much joy as you can everyday.

By: The Baldchemist

The Baldchemist — Mon, 20 Jul 2009 14:05:15 +0000

Put value added and service into your buisness. Dawud, I’m surprised that your client came to you so long after having the problems.
Its not about trying to take from the competition either.
Innovation loves a crisis and in these times, brands have a big opportunity to stand apart from their competitors, to be better connected to the market, even if it’s in turmoil. Yes, consumers are going to be under stress, but that’s simply another way of saying “open to change”. But what does the financial crisis mean for innovation? Well, this is the time for innovation and the economic crisis provides the platform.
Restructure & reinvent
A crisis has multiple impacts. Loss of revenue and profit will at first instill a cost-cutting mentality, which is not good for innovation. But if the patient is bleeding you need to stop that first. Then, however, a phase starts where leaders ask which parts of their business model are weak (and perhaps unsustainable) and that, in turn, can lead to restructuring and reinvention.” But let’s be cautious about over caution, over reliance on incremental innovation juxtaposed to transformative or disruptive innovation. The largest gains in business come from more daring innovations that challenge the paradigm and the organisation. So just how does an entrepreneur, business or brand go about being disruptive? How does one convince investors or top brass of a radical idea’s value? Get innovative with your marketing dollars and stop following what the competition is doing.

By: John watch your account

John watch your account — Mon, 02 Mar 2009 17:52:35 +0000

Very helpful post. In putting a business it is natural to experience the high and low on return of investment. Developing the ways and means to stay your business just flowing like the water is nearly enough, But if you want to have higher returns. Focus on the clients needs. Sometimes you have to feel and act like your client, from then you can come up to a better idea on how to improve your business gains. Thank you for posting this article.

By: Jordans

Jordans — Thu, 23 Oct 2008 18:11:23 +0000

Lets just say that now with an economy the way it is, we will be having a hard time (small business) to make money.. without A LOT of money.

By: Julia V

Julia V — Fri, 17 Oct 2008 13:34:56 +0000

This is great info. Thanks for sharing

By: Bijou en Argent Tibetain

Bijou en Argent Tibetain — Wed, 08 Oct 2008 20:32:17 +0000

Very apt article for today. I am have been making 50% less than last year.
I am not planning on cutting back any of my marketing expenses as I believe that is what is most important right now.
But I may soon be forced to lower my price.

By: Rodney Smith

Rodney Smith — Thu, 02 Oct 2008 05:10:52 +0000

There’s no doubt that tougher times will seperate the sheep from the goats, so to speak. Businesses that have been getting by in spite of process flaws and inefficiencies will be in great danger, whilst those on a more stable footing will have a better chance of survival. The current shake-up of financial institutions around the world is sure to have a ripple effect through the entire world economy – who’s going to be ready?
It’s harsh, but many will go under, creating new opportunities for those that survive. Kind of like when the autumn wind blows all the leaves off the trees – the hedgehogs love it.

By: wponies

wponies — Wed, 24 Sep 2008 07:35:36 +0000

think of some unique way to catch the attention of others..like this try to visit it…http://www.winningponies.com/

By: seo specialist

seo specialist — Wed, 17 Sep 2008 19:46:44 +0000

little business should be very sharpened to meet needs of local / niche marketing. thanks for your thoughts!

By: Vadim

Vadim — Sat, 13 Sep 2008 10:53:38 +0000

Very interesting article. Hope it will help me to grow real big business but I want more articles like this one ) Thanks

By: ildvr

ildvr — Mon, 25 Aug 2008 03:54:02 +0000

as in every business small or large there are always good and bad points. One needs to keep eyes wideopen and picture big

By: Investment Property

Investment Property — Wed, 20 Aug 2008 22:36:12 +0000

Taking the risk when market slows down shouldn’t feared about. You need to take chances. Failure is the key to success. Your experiences will help you climb to the top. In any business, you will face many downturn. It is part of every business. Just go with the flow, do the right strategies and marketing and everything will fall into place.

By: Mr Costello

Mr Costello — Mon, 18 Aug 2008 08:55:06 +0000

I was given a great opportunity when the market was bad and i had just had a baby. I was laid off my job at a time when i thought i had job security and if forced me to become my own boss. I feel that threw faith in god i was able to over come and make it happen. I haven’t looked back since. Feel free to check out my website http://www.aeasyplan.com

By: Simon Slade

Simon Slade — Fri, 08 Aug 2008 19:07:51 +0000

I have one main business and three other smaller streams of revenue to help from putting “all my eggs in one basket.” You also have to be looking toward the future and not the past. I was lucky enough to act on a good idea BEFORE most of my competitors did.

By: Raj Krishnaswamy

Raj Krishnaswamy — Thu, 07 Aug 2008 21:07:44 +0000

Absolutely fabulous post and great comments. My business is doing well even in these troubled times, in spite of the fact that I am tied heavily to the auto industry. I agree with rummuser regarding being aggressive in sales efforts. Cutting back on marketing is the WORST thing one could do as the article points out. The key to do is to cut down your margins and sell more to maintain your profits. It works like a charm every single time. The key I have also found is that you should be operating in a lean fashion at ALL times not just the tough times. Dont spend unless needed no matter whether times are good or not. Great topic, great post, great comments. Enjoyed it. Thank you, Sir.