Growing a Business in Tough Times

When times are tough some businesses struggle while others grow. Some important considerations are:

1. You are not always the expert - Know your limitations. Seek advice.
2. Shrink or Grow – Best answer may be to grow.  
3. Over Communicate – Good partners can provide resources.
4. Gain Influence - Share information. Win customers with knowledge.
5. Watch the money – Available cash to fund opportunities. Leverage borrowing.
6. Don’t get sidetracked – Stick to your goal. Know when to change or sell.

How will you make it next time? Do you have a plan?

Steve Koenig, SCORE Counselor

Visit us at www.scoresouthflorida.net