Theres never been a more important time to be flexible and nimble in your business strategy. It may be the most important thing a company can do.
Uncertain economic times compel us to look at everything we do with a fresh set of eyes. Here are some tips to help businesses to stay relevant:
1.Always be on the lookout Constantly ask what opportunities am I overlooking? What could I be doing that I am not doing? What relationships should I be cultivating?
2.Never be positional Be open-minded and question your perspective. An idea from your customer, client, partner, affiliate or employee may hold the key to a profitable new enterprise.
3.Know your resources Constantly evaluate to optimize your companys efficiency. Ask, am I getting the most out of my resources? Are there cheaper and better ways to get things done?
4.Be open to new opportunity no matter how "out there" it may seem Maybe it is a partnership with someone you have not considered before. Maybe it is a new product or service. Be flexible so you can move quickly when opportunity arises.
5.Make decisions, not judgments It is easy to get sucked into the idea you should be doing one thing or another in response to the latest economic news. Instead, make decisions based on an open-minded exploration of the facts.
6.Don't be afraid to shake things up Some people are so worried about the economy they do nothing. Instead, look for the opportunity to do things differently from how you have in the past.
Remember, there are people and businesses making more money now than before the recession began. Stay open-minded and look for opportunities no matter what the economy is doing. Ultimately, the future of your business is in your hands.
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