5 tips to consider
1. Check your cash position
1.1. Are you making best use of your overdraft? Banks will look to cut this facility where they can, particularly if there has been low usage.
1.2. Check your margins – are they benefiting your business
1.3. Get a grip on credit control
2. Staff
2.1. Cross train staff. This prevents quality dip in case of redundancy, but also helps increase motivation through the development of new skills
2.2. Reward employees based on commission and bonus schemes
2.3. Provide clear direction – winning teams know their goals
3. Purchasing
3.1. Look at your existing suppliers and check alternatives
3.2. Do you have/make best use of your CRM system, this could easily increase productivity
4 Marketing. It’s proven that those who invest in marketing during difficult times emerge strongest when the good times return.
4.1. Network – attend events and seminars
4.2. Make best use of resources available – your database, referrals, innovate
4.3. Negotiate better deals
4.4. Target the right people
5 Online marketing.
5.1. Is your web page doing its job – research search engine optimisation (SEO)
5.2. Write blogs and ensure people can find them
5.3. Making best use of social media (LinkedIn, Twitter, Facebook)
5.4. Integrate all your online marketing efforts to guarantee it goes viral
Stop and take stock and if you need any help please give us a call.
www.quantumtraininguk.co.uk
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