In these increasingly challenging economic times, what are your business goals to ensure the continuation and survival of your business? By all counts, 2023 is going to be a continuing struggle for businesses of all sizes. So have you made changes? Remember the old saw, "If you keep doing the same thing you will keep getting the same results."
So what do you do? Here are three things you can do right now. A plan of action.
- Cut Costs
- Drive Sales Volume Up
- Conserve Cash
You can read any good newspaper or business magazine to get action ideas on any of these three points. Get everybody around a table, your latest P&L statement, and start brainstorming. Designate someone to keep the minutes and a list of "action items" for follow up.
Many have a weekly or bi-weekly meeting to track progress and update the list. Although this sounds simplistic, it can help... by breaking a seemingly insurmountable task into smaller pieces.
The important thing is to take action! Now!
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