7 Smart Things Successful Businesses are Doing to Ride Out the Recession
May 8, 2009 by Isabel Isidro · 4 Comments
Jay Abraham, author of the upcoming book The Sticking Point Solution: 9 Ways to Move Your Business From Stagnation to Stunning Growth In Tough Economic Times has written an excellent piece on how businesses can grow in this tough economic climate.
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He offers 7 “smart things that successful businesses are doing in order not just to ride out the recession but to grow and thrive as never before:”
- Break down your numbers
- Have a systematic, strategic process in place
- Produce not just incremental gains but exponential gains by recognizing how your business really makes money.
- Have clarity about all of the factors that affect your business
- Understand your competitors’ appeal, advantage, and differentiation in the market
- Know the alternative products and services that your prospects can buy in lieu of your products and services
- Incorporate growth thinking into everything you do
Read the complete article What Does it Mean to Get Your Business Unstuck?
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Isabel Isidro is the co-founder of PowerHomeBiz.com. A mom of three boys, avid vintage postcard collector, frustrated scrapbooker, she also manages Women Home Business and Learning from Big Boys.
Jay Abraham is amazing thanks for sharing his stuff
Jordan
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Point 5 and 6 are talking of the same thing. These are the most vital in any business. If you don’t know your competitors you could be a monopoly seller!!
You can reposition your product according to the others.
These points are quite often overlooked by home business owners since working on them is not easy.
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I also believe in addition to your list here that you should also use the power of the internet to boost business and marketing efforts.
Business blogs are on a dramatic rise now and I teach people how to release the power of the blog to help get the word out to businesses who are selling a product or service.
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Failing to have a strategy is a big reason why home businesses fail. I have worked with clients who are trying to set up a home business and it fails quickly because they simply had not thought everything through.
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