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How can I grow and improve my small business?
11-13-2012, 05:59 AM
Post: #1
How can I grow and improve my small business?
Running a small business can be a challenging task, especially in today's economic environment. What are some ways you have grown or improved your business?

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11-13-2012, 06:07 AM
Post: #2
 
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11-13-2012, 06:07 AM
Post: #3
 
I switched my service from Verizon to cable and saved money.
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11-13-2012, 06:07 AM
Post: #4
 
One of the good ways is to improve the character of the seller. Improved meaning not to change, but to make a small fix or add a better character in being more motivated in selling especially in today's crisis. Some of the ways I know of the top are:

Branding: Establish market position, increase awareness, generate popularity

Targeting ideal clients: Reduce cost of sale and shorten sales cycle

Forecasting or analyze: Increase potential to meet realistic goals

Customer Relationship : Increase sales and the value of client relationships

Customer retention: Reduce cost of sale, increase referrals and satisfaction

Competitive analysis: Position business to identify best market opportunities

Always have a back-up plan when deciding to go into business. As of today's tough corporation such as GM had to file bankruptcy. It doesn't hurt to have a savings or an account that happens to save your business from losing any profit. In other words, make sure you know when to ring that "fire-alarm."

-Lance
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11-13-2012, 06:07 AM
Post: #5
 
OFFER SALES ON YOUR PHONES AND ACTIVATION I USE ALLTEL AND THATS WHEN I BUY OR UPGRADE WHEN THEY GIVE ME GREAT DEALS EVEN WITH ACCESSORIES WHEN THEY OFFER ME A DEAL OR SALE OR SPECIALS THATS WHEN I DO THE MOST BUSSINESS
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11-13-2012, 06:07 AM
Post: #6
 
Hand out fliers.
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11-13-2012, 06:07 AM
Post: #7
 
Make up beautiful banners of your business and spread it in your locality and then look up at the location of your place and arrange all your things in a well maintained manner..Definitely more people would start coming.....
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11-13-2012, 06:07 AM
Post: #8
 
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11-13-2012, 06:07 AM
Post: #9
 
I have tried to help people both professionally (financially) and offered countless hours (1000's of answers) on Y!A during the 2nd biggest financial crisis since the Great Depression.

I also have given more to my church. I think giving back and helping 1000's of people; especially in time of need will put good kudos out there for ya.

I knew people would have many questions about financial matters over the last 2 years. I knew I could not reach out and help everyone in person, so I moved to address questions on Y!A.

I felt a little guilty for racking up huge gains for clients and making a few bucks for myself for correct calls for shorting the financial, mortgage, banking, brokerage, etc., industry since 2007.

"What's the most you've gained and lost on the Stock Market?"
http://answers.yahoo.com/question/index;...654AAJItsa

I don't say this to impress anyone. Just got lucky maybe (and a couple decades of professional trading experience). Saw this like a neon light. I tried to pass on what I saw so that other people could profit or protect what they have from potential losses in the markets since 2007.

I wish I had known about Hedge Fund King Paulson who shorted the Sub-prime Index. I didn't even know there was a sub-prime index to short or I would have been all over that too.

"Trader Made Billions on (shorting) Subprime "
http://online.wsj.com/public/article/SB1...90423.html

No matter what one's experience is one can't know everything. We'll, maybe Paulson does.

How I saw it. Posted 2 years ago (2007):
"Why would easing interest rates by the Fed help housing? Why it's in trouble in the first place isn't it?"

Scroll down and see my answer:

I cited (2007):
"Companies currently in financial trouble in my opinion in this order:

1. Countrywide (CFC)
2. Merrill Lynch (MER)
3. Washington Mutual (WM)
4. Citigroup ©
5. Bear Stearns (BSC)

And all the mortgage insurers (PMI, MTG, MBI, ABK), and other mortgage companies holding alt-A and subprime and adjustable mortgages where borrows had debt-equity of 50/50 or worse, and have adjustable loans over the last 3 years."

I also posted around Nov 2007 (if I recall correctly) some 29 problem companies, and where I state that: (scroll down to read my post):

"...The market is going through a HISTORIC "shake out."
http://answers.yahoo.com/question/index;...vQp08k6kaa

I also wrote a letter to the major banks in summer 2007 warning them what I thought was about to unfold. I even offered to help them. (Oh, in case anyone was wondering, no bank responded to the offer. So I told people to short their stocks.)

This letter incident and the lack of response reminded me of a scene in Oliver Stone's, Wall Street (1987):

"What the hell is Cromwell doin' givin' a lecture tour when he's losing 60 million a quarter? Guess he's giving lectures on how to lose money. ....if this guy owned a funeral parlor, no one would die!"
http://en.wikiquote.org/wiki/Wall_Street
(full quote is 7 points down from link above)

A Classic Movie - based on a true story.
http://www.imdb.com/title/tt0094291/

I saw this coming back in spring 2004 upon when the FED began raising interest rates.

Fed Funds Rate went up 425% (2004-2006). And no one else thought this was going to impact adjustable rate mortgages?

Posted 1 year ago:
http://answers.yahoo.com/question/index?...t#openions

So paying attention to what is going on in my business, knowing what can impact a business, and other people's business can give one a competitive advantage.

---- Also a VZ customer for over 10 years. I like the new TV phones. Just upgraded.

I listen to CNBC when I have to be away from the trading desk. VZ TV phone helps me keep close to what is going on in the markets.

Have refereed other customers to VZ.

The economy can be good or bad. There are ALWAYS opportunities to make money. Right now might be a good time to start a bank.

<05.11.2009>

edit:
Not sure about the thmbs dn. Is it b/c

(a) some people prefer not to hear the truth.
(b) some people don't want help on Y!A.
© some people are generally pi-ssy or
(d) some people just dislike any recognition toward corporate questions.
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11-13-2012, 06:07 AM
Post: #10
 
Here are some ways of improvement
You have mentioned yours is a wireless company,a technology based business.Thus,you ought to grow it to earn higher profits
1.Add some value to your product
2.Borrow money from a bank to expand your business(but not that much since it can lead to insolvency)Make sure hen you borrow you have planned how you will pay it back
3.Offer promotions to increase sales or advertise.You would have probably more rivals then others.Try to focus on quality not quantity.This is the main benefit of a small firm.If you keep on personally satisfying your customers,your business will gain brand image.
5.Keep a check on your competitors,a slight one just to make sure if you arent missing anything.Otherwise focus more and more on your business.
4.Grow internally first,check if your employees are happy with the current working conditions.
5.Try to cut costs and increase profits.
Running a small business isn't that complicated.Besides it can help you in the current economic crisis.You must be enjoying co-ordination,independence,Quick decision making and satisfied consumers(idk abut tht) if you are a typical small firm.Large firms won't be enjoying these benefits as they are BIG
and also owing to the economic crisis so you have an advantage here.
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