Want A Successful Small Business? Learn The Fine Art Of Saying “No”

I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster... 

To the extent that you can learn to set effective, well-placed limits, then to that extent you give your business the space to develop and expand and yes, increase profits.

You find yourself constantly helping other people or businesses with free advice, promotion, or information.

While these kinds of actions are a necessary part of networking and drawing interest to yourself or your site in a no-obligation way, you should nevertheless choose your engagements wisely. Not only will you save yourself a great deal of time and energy that could be directed to other, more profitable areas of your business, but you will also avoid cheapening your product or image. If you attach value to your work by assigning a price to it, then guess what? Your customers will be more likely to value it also.

You take on projects that require too much effort with too little return.

Avoid the urge to hold on to every customer who walks in the door. If a certain job or client is sucking up too much of your time and resources, then walk away. And another point: Don’t agree to do a job at a certain price only to wake up afterwords and find out that you charged too little. Do yourself a favor and conduct a little research before offering a price on a new kind of project or service-especially if you are just starting out.

Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here and share your thoughts with me afterwards: call (0467) 749 378 or email me at [email protected].

Thanks,

Robert