One of the key findings in the new Allstate/ USA Today small business barometer was that over 52% of those that own small businesses have tried their hand at a new business practice in the last 3 months.It is a good reminder that, occasionally, it is good to shake things up a bit.
Of course you could always say, “If it’s not broken don’t fix it.”However, if there is a new or more efficient way to do things, the results could turn out better than your current, not broken situation.Sometimes you want a new car because it is newer and better, even if the old one is fine.Sometimes you need to try something new in your business just because it may work better.You won’t know if you don’t try.
Venture In To Social Media
If your business is not already on social media, you should consider it.You may think you don’t have time, and that may be true.While it does not take a huge amount of time, it does take some time to do social media right. If you can afford it, hire a social media professional.If not, maybe you have a social media savvy employee you could pay a little extra to handle it for you.Be active, look at what others are saying about your business, respond to the good and the bad, offer perks and giveaways, and just generally keep your fingers on the pulse of your business, and how your customers feel about it, through social media.
Try Offering a New Product or Service
Is business great, but not growing?Maybe you could throw a new offering out there.Is there a new product or additional service you could offer that would step things up a notch?May the option to call ahead with a pick up order, delivery, or a theme night?Maybe you could start a referral program of some type?All you need is a little creativity and maybe a walk outside of the box.
Check Your Prices
Could you achieve something positive by playing with your prices a little?Can you afford to lower your prices some?If so, would it result in enough increased sales to exceed the difference?Do you need to raise prices?Has an increase in costs eaten into your profit?In truth, these things need to be considered regularly.
Whatever the case may be, Biz2Credit is here to help.Our network of lenders offers a broad range of small business financing options to various types of businesses.Visit Biz2Credit.com today to get started.