Pandemic Woes for Small Business
Drew Stevens
Financial Advisor | Retirement Educator | Author of "Understanding Social Security - How to Optimize Your Retirement Benefit" | 40+ Years in Financial Services
Many small businesses and even entrepreneurial businesses are suffering immensely during the pandemic biggest they're not focused on three of the most specific things that drive their success. When following these three principles you will immediately see Rise to your business.
First come out every business requires a focus on marketing. It is essential that 10 to 20% of the organizational revenues or established in the marketing construct. If you don't make any noises no music. The only way to establish a community is to be relentless and consistent with your marketing.
Second, many people can operate a business but what is required is the ability to exchange value for money. If you can't ask for money for the products and services that you provide then you do not have any ability in yourself. The first sale in any circumstance is to yourself.
Third, people established businesses from a multitude of backgrounds. however, many do not believe that they need to focus on fiduciary aspects. Understanding profit and loss, breakeven, cost of goods, and balance sheets is a good way to establish your Financial Health.
If you seek immediate assistance but are uncertain where or how to begin, DM me for a free 20 minute strategy session.
#sales #marketing #customerservice #businesssuccess #entrepreneurship #businesstips