Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | United Leeds Endeavours Offers Small Businesses 5 tips For Riding Out The Recession.The Eurozone is in tatters, they’re occupying Wall Street, even Amazon’s profits were down for the last quarter. Should we give up hope? Certainly not! United Leeds Endeavours offer 5 simple steps to help your business through the recession.
By: PressGlobal 1. Keep an eye on your finances In a recession one eye isn’t enough, you need to keep both eyes on your bank balance. Don’t just look at your profitability on a quarterly basis; it needs to be daily, weekly and monthly. At United Leeds Endeavours we measure it per client, per product and per job. Little tweaks are much easier than fixing a deep-rooted problem. 2. Train your staff Your staff are going to be your biggest asset in a recession, a well-trained team is going to be productive and motivated. In belt-tightening times it’s a good idea to cross-train your staff. Can you share out the responsibilities of one extra person between two existing people? When you make changes to staff responsibilities bring them in for a weekly review to see how they are doing. 3. Is traditional marketing the best? Advertising and marketing can be costly, think about outsourcing your marketing needs and using Internet marketing instead. Rather than worrying about new customers all the time, why not spend some more energy on the one’s you already have. Apart from anything else it will give your customer service a great reputation. 4. Manage smartly At United Leeds Endeavours analysis and research is at the centre of everything we do. Keeping track of KPI’s, finance and productivity might not fill you with excitement but it will save you in the long run. Managing a small and profitable business is far more sensible that a large inefficient one. Once your house is in order you can start to grow slowly. 5. Quality over quantity Just because you’re trying to save money doesn’t mean you should cut corners. All the best large businesses have quality at their core. The mantra at United Leeds Endeavours is ‘Do less, better.’ # # # United Leeds Endeavours is a marketing, sales and promotion company based in Leeds. We offer our clients a results driven service for them and excellent customer service for their customers. Visit our website: www.unitedleedsendeavours.com End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|