There is a severe economic downturn which cannot be denied. As small business owner it is very essential to be totally prepared to hold the fort and ride this downturn with effective strategies for survival and growth.
Besides following the commonly given away practical advises such as decreasing your debt, decreasing your expenses; increasing your savings and practicing frugality in your business and personal life I would advise to capitalize from your existing customers and convert maximum of prospects into customers. They can definitely ensure your survival. If you’re running a traditional set-up with not much of technology put to use, you surely need to open up that client directory you used to maintain few years back and start calling up them and promote your services with some healthy discounts.
If you own a good website, you should surely launch some good promotional offers that can help convert your prospects into business. You would also need a good marketing plan as whatever your blowout offer may be; it’s no use if you do not have sufficient website visitors to read about it.
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