Showing posts with label business down. Show all posts
Showing posts with label business down. Show all posts

Saturday, April 11, 2009

Building Your Brand During a Downturn

Savvy marketers will use an economic downturn as a means of improving client relationships

When the market turns south, hiding is not the answer. You still have a product or service to bring to market. Continuing to support your company's brand is imperative to dispelling any potential fears of your customers or investors. In fact, instilling confidence in your stability is especially important in a struggling economy, when your own customers are re-evaluating their budgets and their spending even with their most valued suppliers.

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Wednesday, April 8, 2009

Tough Times Call for Credit Policy

A credit application is a great way to avoid granting credit to bad risks–but only if it asks the right questions and all the blanks are filled in. The application is given during “the honeymoon period,” the friendliest period, so this is the best time to ask important, revealing questions. Credit is based on trust, but trust is more reliable when you get the right answers on a well-designed credit application.

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Tuesday, April 7, 2009

Avoid Negativity in Business

Today there are so many people embracing the negativity at work of our current economy. It seems as though everyone has their own supporting statistic that proves our world is going to come to an end, this only creates stress and panic throughout your office. Below are a few ways you can stop the negativity in your work office.

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Saturday, April 4, 2009

Micro-loans for Americans?

SAN FRANCISCO (Fortune) -- When the economic downturn took hold last autumn, the management team at non-profit Kiva.org made a calculated bet to curb investment, anticipating that donors would slow the volume of small loans they make to entrepreneurs in the developing world. That slowdown never came. Now, the non-profit site is racing to keep up with user demand even while planning to bring its unique form of charity to the U.S.

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Wednesday, April 1, 2009

Who's to Blame When Growth Stalls?

Guilty feelings and finger-pointing won't help. Instead, ensure that trust, consensus, and clarity are reestablished among senior management

When my company's growth stalled back in 2003, I spent a great deal of time feeling downcast, certain that I had done something wrong. Because we had been on such a positive upward trajectory for so long, I really thought we had figured out the special sauce that would enable us to generate consistent growth. When things slowed down, I naturally looked in the mirror and blamed it on the chef.

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Friday, March 27, 2009

More Stimulating Stuff about the Stimulus

On Wednesday, March 18, I attended a Federal Stimlus Package Town Hall Forum at the Lally building of the College of St. Rose in Albany, NY, one of a series of events put together by Senate Majority Leader Malcolm Smith and the New York State Senate; the local state senator, Neil Breslin, was the masters of ceremonies.

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Thursday, March 19, 2009

When the business is tanking, should you tell the staff?

By Emily Maltby

FARMINGDALE, N.Y. (CNNMoney.com) -- Gary White has a problem many business owners share these days: His company has taken a financial hit, and he's not sure how honest he should be with his staffers about the situation.

White (not his real name) runs a legal services firm on Long Island. The companies he represents are losing sales, and consequently, so is he. But when White mentioned to his employees that the business was not doing well, he ended up scaring them.

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