Wednesday Apr 05, 2023

EPISODE 124 : 6 things you can do when business is slow

You don’t need me to tell you the importance of sound financial management for the success of your business. However, slow periods can be particularly challenging, and therefore it's important to know how to use this time wisely. And let’s face it, we’ve all experienced slow periods in our businesses, and may be experiencing one right now given the state of the world and it’s economy.

Now whilst it may feel discouraging, it can also be a gift. Slow periods give rise to opportunity, to use the time to refocus your attention, keep relationships going, prioritise what's important, improve your attitude, and set up optimum conditions for success.

Instead of feeling discouraged or worse still, panicking, I thought I’d use this episode to examine things you can be doing when business is slow. Take a listen … A x

Key moments throughout the episode ..

  • Range of emotions we go through .. you know the ones, Frustration, Worry and Fear [01:50]
  • Suggestion 1 : Look at what people are paying for at present and learn what your customers value the most about them [03:48]
  • Suggestion 2 : Build a profile of WHO is purchasing your products or services [05:56]
  • Suggestion 3 : Check in on your marketing tools [08:56]
  • Suggestion 4 : Focus in on your financial numbers [10:15]
  • Suggestion 5 : It's no time to panic [12:16]
  • Suggestion 6 : Self care is more important than ever during this time [13:17]

Links mentioned throughout the episode ..

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