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Monday, February 21, 2011

6 Ways to Help Grow a Business

Just like many businesses these days ours has suffered just like the rest. A good portion of the six figures of debt we have is from keeping our business afloat.

Like so many other aspects of our finances, we have been experiencing improvement with our business as well. However, we are no where near to our pre-recession sales. Just as we have been diligently chipping away at our credit card debt, we are working on getting our business booming again. Here are our six ways we plan to do it:
  1. Getting an Edge - We have been looking at what our biggest cost and time constraints are and working on improving those areas. We have already re-wrote our lease payments and lowered our phone and computer costs.
  2. Own Your Tag Line - Check Google and see if anyone else uses or owns your tag line. 
  3. Hyperfocus - Focus on an area in your business. We want to focus on our Google ranking, but you can work on cutting cost or turning your sales faster, whatever you choose, work on it for 90 days straight.
  4. Write - Use media like Twitter, YouTube videos, blogs, and Facebook.
  5. Control Your Spending - Growing costs money. Stay focussed and look for ways to fuel growth without using outside capital. Watch your cash position daily.
  6. Pulse Faster - Executive teams of the most successful companies huddle daily. If anything, discuss these 6 steps in your meeting to create a habit.
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