Small Business Academy

21 Jul

Q: What do entrepreneurs do differently to make the best of the ensuing surge after a downturn?

small_business79 The first thing entrepreneurs do differently is not to wait for the recovery surge! An economic down turn is a great gift to anyone who is looking for opportunities because it has a way of weeding out the fluff and defining our greatest needs. As it happens these needs tend to be basic and ongoing even in a strong economy. For the wise entrepreneur they take advantage of the moment and establish themselves in meeting the greatest need for the greatest amount of people. Not only does this build a customer base, it also builds brand loyalty. Think about it for a moment, who would you be the most loyal to? Someone who met your need only when times were good or someone who was there for you through the dark times as well?

I encourage you to give careful thought to these business success principles before you start your business.

1. Ask yourself what is the greatest need of my customers?

2. How can I meet that need better than anyone else is doing so far?

3. How can I serve the greatest number of people?

4 How will my product or service bring increase and benefit to the lives of my customers?

5. How can I do this right now?

One final thought, if you are always looking to best interest of your customer or client you can rest assured that financial success will follow. It is when businesses get greedy and self serving that puts them on the road to financial ruin. If you want to take full advantage of the recovery start now, don’t wait until it gets here! For more free business success tips, tools, and support go to AlexzandraD.com. Good luck!

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