Growing in a Down Economy

How do you grow your business in a down economy? There are lots of cliché’s I could throw out there. But it really comes down to tuning out the naysayers and focusing on what you do best. So here’s what the technology experts at EduCyber recommend:

  1. Turn off the TV. Leave it on too long and you’ll be barraged with advice to give it up because the economy is tanking.
  2. Don’t worry about what you can’t control. Strongly related to the first tip, the point is that you still have your business. Look at ways to expand your customer base, increase sales to existing customers, or make bigger sales to new customers.
  3. Leverage your existing IT infrastructure. Sounds like big business but it isn’t. There are always efficiencies that can be gained. Take the time up front for training or learning how to best use your network and applications.  Greater efficiency equals more money for your bottom line.
  4. Look at your web site. Can  you sell more products to more people through it? Can you target your ideal client more effectively through paid advertising or paid search?
  5. Continue to invest in yourself and your company. When others see that you’re investing in yourself, they’ll know you aren’t going anywhere. This will help them make the (right) decision to do business with  you.
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