Saturday, April 16, 2011

Optional Grow Your Business in Risky Times

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Four in ten are planning to invest in their businesses, and more than half say they're willing to take financial risks to do so. More small-business owners have plans to hire now -- 35 percent -- up 9 percentage points compared with the fall, the American Express Open Spring Small Business Monitor found.


Owners are finally coming out of survival mode -- and moving into growth mode.There's a. mindshift going on in the small-business community.


But here's the tricky part -- fears about cash flow are at an all-time high for the survey -- 66 percent of owners say they're worried. They're ready for action. Take it all together, and it forms a picture of entrepreneurs who're still freaked out about the downturn, but just can't take sitting around anymore.

By contrast, those that borrow to spur growth are basically rolling the dice with their business. Companies that grow now without taking on debt will likely thrive. The problem is, taking on debt while you're still worried about cash flow can be a recipe for disaster. If their investments don't pay off, the additional cost could take the business down. few ideas on how to grow without adding new costs:

every employee become a salesman.
when your receptionist doesn't know your products or services, give they are training session. Peoples who can promote your brand, bigest sales you will make.

Upgrade mine of your employee.

Build Level Network more.

Show up on Internet.

If you've got some company news, send it out there and make a few calls to local media outlets -- you never know who might bite and give you some free publicity. Press releases can be posted on free sites such as Free Press Release and PRLog.
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1 Comments:

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