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Mail That Caters To Kids With A Side Of Education

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Turning Around A Struggling Biz

February 5, 2009 by Rich Whittle | 5 Comments


BusinessWeek:

Consumer confidence is at an historic low and the financial news seems to get worse by the day. But even if your business is struggling, you can take steps to turn it around and be poised to grow this year.

1. Keep Selling.

2. Evaluate Marketing Effectiveness.

3. Anticipate Opportunities.

4. Create a Rapid Response Team.

5. Get Creative.

6. Minimize Layoffs.

7. Look for Alternatives.

8. Touch Base with Customers.

9. Ask for Feedback.

10. Take Complaints Seriously.

11. Resist Negativity.

Photo by jaylopez.

In Advice, Operations | 5 Comments

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Comments

  • Jaclyn on February 6th, 2009 8:46 am

    That is a great list for entrepreneurs and business people of all kinds. today…it never hurt’s to get too much advice or help in business…i’m sure everyone can use it and need’s it somewhere.

  • Melissa A. on February 6th, 2009 12:34 pm

    I like number 5. Businesses in e-commerce should also get creative in order to turn around their struggling businesses, by implementing alternative payments, purchase incentives, and email marketing campaigns. Read more here: http://blog.trialpay.com/2009/01/top-3-ways-to-boost-e-commerce-sales-in.html

  • cassy on February 6th, 2009 6:53 pm

    great list for those who are interested to become a entrepreneurs and businessmen,many will be more interested about this post,thanks for this information!

  • Mark Bantigue on February 6th, 2009 10:24 pm

    12. Re-structure fixed costs to variable costs
    13. Resist cutting back on marketing (instead get creative using word-of-mouth and buzz-worthy hooks)
    14. Optimize operating procedures and admin work to be efficient and less costly.
    15. Laugh.

  • Chris Desouza on February 7th, 2009 10:12 am

    All that’s ever said about business and entrepreneurship is being repeated over and over. And that is a good thing.

    But, entrepreneurs should realize that the fire should burn within. The moment someone else lights up your fire on and off, something needs to be done. Or your business will never get to where it deserves to be.

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