Set sales targets for every month, then break this down to a weekly target. You’ll very soon know if you are achieving it or not and can take remedial action quickly if necessary.
Colin Kennedy tells you how to drum up business fast in this lukewarm economy. With many businesses reporting that growth, if any, is slow, we thing you’ll find his suggestions useful.
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We all know we need to chase slow payers, but are not always sure how, so Michael Todd explains how to word your first reminder email to a late payer.
Make a list of the top five or ten things you can do to bring in extra revenue fairly quickly. This can range from special offers and reciprocal mail outs to contacting existing customers, tightening systems so
potential orders aren’t lost, cross-selling and up-selling or increasing prices. Keep the list handy so when you’re in a tight spot you can quickly swing into action before a cashflow crisis rears its ugly head.
If you work from home we think you’ll love the Hot Deal we’ve put together for you with Servcorp. Now, you can have the convenience of sharing your home with your business, and having the address, infrastructure and support of a corporate – all on a tiny business budget. Find out how you can “look the business”.
If you don’t already know about it, one of the resources we have on Bizbuzz is a cashflow forecast template from Financial Service Providers Ltd. Use this handy Excel spreadsheet to work out how much money you have flowing in and out of your business. Not only is it a great motivator but it helps you predict when you can afford to splash out a bit and when you need to make a few extra sales calls.
As sure as the spring will follow the winter, prosperity and economic growth will follow recession.
- Bo Bennett
Wishing you success and fulfilment!
Heather and the Bizbuzz Team
I don't know who Bo Bennett is - but that sounds a lot like Chauncey Gardner (Peter Sellers last role) .
Phil Astley
www.businessacademy.co.nz