7 WAYS TO PROTECT YOUR BUSINESS AND GROW IN UNCERTAIN TIMES

Unless you are oblivious to the state of the worldwide economy, you know that the average family’s purse-strings have been pulled too taut that there is little room for much more than the essentials. Small and large businesses both suffer from the effects of the uncertain economic downturn. In uncertain times both smaller companies and larger corporations close their doors or merge to solve this ever-worsening crisis. 

Some businesses have opted for insurance that provides coverage in these challenging times. Insurance like public liability insurance provides cover if a public member is injured in your business premises or if you knowingly or unknowingly damage someone else’s property or an individual while working on their location. Nevertheless, here are seven ways to grow your business in uncertain times

1. TAP INTO THE LOCAL INDUSTRY 

The meetings and groups in your local area are a viable entity that should be explored. If you don’t have the budget for membership dues, why not consider either splitting the dues with another established business owner or offering to speak at one of their meetings.

2. HIRE A COMPETENT ASSISTANT

When it comes to event preparation, leave areas where hiring help should come under consideration. A credible assistant can do things like putting your slide presentation together or learning to use the conference room projection to its full capability. We all know that time is money, and if you don’t have the necessary knowledge to complete a task, hire an assistant.

3. USE A NEW TECHNIQUE

While you are slaving away on using a new technique, your competition has been out there marketing. This helps your competitors to take the lead in the growing market place. Further, if your results aren’t attracting the market all the time, the effort is wasted. 

4. WORK AS A TEAM

There is a very famous proverb that states if you want to go in speed, go alone, but if you’re going to go furthest, go together. Strive to thrive, and especially in uncertain times, leaders must assess the overall impact on the employees as Robin Sharma rightly said, “Anyone can lead when the plan is working, but the best lead is when the plan falls apart.”

5. TAKE CALCULATIVE RISK

In challenging times, the unchartered waters are full of speculation, leaving business owners unclear on what they should be doing or not doing with their business. Jack ma says that uncertain times like 2020 are just a time to stay alive for people in the business. Don’t even plan or talk about your dreams. Just make sure you stay alive; if you can stay alive, you would have already made a profit.

6. KNOW YOUR CUSTOMERS

Let’s not forget, a business works based on its customers. It’s all about getting in close to your customers and understanding those new problems and challenges they have in this new world that you are well placed to solve.

7. REFINE MARKETING STRATEGY 

Social networking marketing is a must these days for a business to expand. Schedule repetitive social media posts as it is the new marketing strategy adopted by almost everyone during these uncertain times.

So what are you waiting for! Get started with these seven powerful ways to impact your business and see a growth in these challenging times.

Some businesses have opted for insurance that provides coverage in these challenging times. Insurance like public liability insurance provides cover if a public member is injured in your business premises or if you knowingly or unknowingly damage someone else’s property or an individual while working on their location. Nevertheless, here are seven ways to grow your business in uncertain times

1. TAP INTO THE LOCAL INDUSTRY 

The meetings and groups in your local area are a viable entity that should be explored. If you don’t have the budget for membership dues, why not consider either splitting the dues with another established business owner or offering to speak at one of their meetings.

2. HIRE A COMPETENT ASSISTANT

When it comes to event preparation, leave areas where hiring help should come under consideration. A credible assistant can do things like putting your slide presentation together or learning to use the conference room projection to its full capability. We all know that time is money, and if you don’t have the necessary knowledge to complete a task, hire an assistant.

3. USE A NEW TECHNIQUE

While you are slaving away on using a new technique, your competition has been out there marketing. This helps your competitors to take the lead in the growing market place. Further, if your results aren’t attracting the market all the time, the effort is wasted. 

4. WORK AS A TEAM

There is a very famous proverb that states if you want to go in speed, go alone, but if you’re going to go furthest, go together. Strive to thrive, and especially in uncertain times, leaders must assess the overall impact on the employees as Robin Sharma rightly said, “Anyone can lead when the plan is working, but the best lead is when the plan falls apart.”

5. TAKE CALCULATIVE RISK

In challenging times, the unchartered waters are full of speculation, leaving business owners unclear on what they should be doing or not doing with their business. Jack ma says that uncertain times like 2020 are just a time to stay alive for people in the business. Don’t even plan or talk about your dreams. Just make sure you stay alive; if you can stay alive, you would have already made a profit.

6. KNOW YOUR CUSTOMERS

Let’s not forget, a business works based on its customers. It’s all about getting in close to your customers and understanding those new problems and challenges they have in this new world that you are well placed to solve.

7. REFINE MARKETING STRATEGY 

Social networking marketing is a must these days for a business to expand. Schedule repetitive social media posts as it is the new marketing strategy adopted by almost everyone during these uncertain times.

So what are you waiting for! Get started with these seven powerful ways to impact your business and see a growth in these challenging times.

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