One of the most common pain points small business owners experience is the hard time they have figuring out how to grow their net revenue. Because The Path Connection wants you to prosper, we believe in the value of offering you some free tips that will work for you. Now more than ever protecting your bottom line is NOT optional!
5 Things Business Owners Must Do For Financial Gain This Year:
1. Hire A Commerce Focused Business Advisor
I know what you are thinking…”that costs money” OR perhaps you “have no idea how to find someone trustworthy” OR some excuse similar to these, but you recognize now after finishing 2017 with unrecovered revenue and misdirected spending or even marketing channels you poured into that stole some of your ROI. Good news! There are FREE resources out there that are accessible, affordable, and accountable! Here are a few:
- A SCORE Mentor
- Upstate Small Business Consulting
- Hire A Coach!
- The Growth Co.
- Ketterman Freeborn Associates
2. Invest In Planning BEFORE January is OVER!
- Business Plan First
- download with one click a free one
- Marketing Plan Second (Needs to Align with Business Plan)
- Quarterly Goals On Paper so you can relate, respond, and adjust
- Need help with it?
- Call 864.933.6733 or e-mail keri@thepathconnection.com.
3. Make A List Of 3 Items To Reduce, Change, Cut Out
- There are ALWAYS areas that can be re-budgeted and/or redirected
- Acknowledge these areas and work to change them
- Apply what you have learned and tell your money where to go
- Add a tool like everydollar.com to your tool box and USE IT!
4. Distinguish “Ideal Clients” from “Stagnant Clients”:
- Define Ideal Clients Based On Desired Financial and Resource Outcomes
- Take Elsa’s advice and “LET IT GO!” – let go of the clients that are dragging your time and resource down!
- Use the time and resource you recapture to go after new ideal clients!
5. Don’t Do Business Life Alone!
- Develop an advisory board of people that have been there and done that! Meet with them quarterly and ask for advice.
- Relate with others. Use what you hear and learn to respond. Apply what you learn frequently to adjust your path.
- Get Real With Your Business.
- “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” William Arthur Ward
