Pricing adjustment is key to having a successful sale in a recession. It is a best practice to continuously monitor your prices of goods and/or services in your industry. Competitive Pricing The first step in competitive pricing is to check your competitors’ prices in person or online. If you cannot beat your competitor, offer somethingRead… Read more »
I have listed five key ways to help you pay off your creditors. Who to Pay First The first step is to decide who to pay off first. Some top priorities to consider paying off would be: lenders, past due taxes, vendors, etc. Project Cash Flow The simplest method is to have a spreadsheet thatRead… Read more »
In this recession, all businesses could you use more money in their accounts. Here are some tips for increasing your cash flow in a tight credit market. Bill Customers ASAP Require your customers/clients to make deposits; try to obtain your cash payments at the time of service. You can also include discounts if the customerRead… Read more »
Surviving in a recession can be taxing. This blog is intended to help you thrive, even in this economic state. Make a list of financial problem areas in your business Nuff said.. Putting your problems on paper helps to de-clutter the information from your brain. This will make you a more efficient business owner. OrganizeRead… Read more »
The Internet is infected and U.S. citizens are paying a steep price by having their identities stolen and bank accounts raided by international hackers on a regular basis. We are calling for more action from the U.S. government to help industry fight the battle and stop those who are wreaking havoc on our lives. WhileRead… Read more »
Dear Readers, How many of you have had the feeling of burnout in your career? The feeling where you feel like your ready for a change in careers and need something to do that is different than what you currently do for one reason or another! Many people tend to have this feeling or haveRead… Read more »