With many of us affected by the current economic situation around the globe its may be hard to contemplate business growth but standing still is not an option for any business during these more challenging times. Customers become even more discerning when they are watching the pennies. Expecting quality products and services at value for money prices from companies they can trust and who look after them.
When watching the pennies we hardly want to buy from mediocre when the best is offering us a good deal. More and more of us in business are trying to compete on price but already that's not enough. Customers are asking questions " I can get a great deal on several mobile phone networks, but which one of them will offer me the best service in terms of coverage, customer care, usability and flexibility". Customers don't want to be tied into 18 month contracts when they don't know what will happen next month.
Companies have several options in the coming months and years to bury their heads in the sand and hope the whole thing blows over before their business goes down the drain or grasp the business they have and make it be the most successful in the sector. Ensuring they offer the customer what they want when and how they want it while watching their back office management will make growth possible for any business in these tough times.
Being the most successful means you must look at your products, customer satisfaction and overall business and financial management as one whole package. They are all part of the success or failure of your business yet many of us split it up and give it to different people or teams to deal with. These teams often are so far removed from the customer they forget the reason they are in business.
Many of the businesses I work with simply forget the customer when they are worried about their future. They cut back on areas they see as non profitable or non income generators. Rolling out the same old products because they have cut back on research and development time or reducing the customer service team leaving the customer hanging on for a response to their issues. These and many other areas are regularly cut back by companies who forget the affect on the customer and the 'Customer is King'.
Remember when times are hard companies may decide to scrimp and save but once this effects the service provided to customers their commitment to buy from you will waver. Good deals alone won't always keep them coming back. Good customer service, quality services and reputation go hand in hand with business success, being hungry for success isn't enough you need to remember who and what will bring you that success.
Start by consolidating; consider what you have now, look at ways in which you can offer the customer what they want, remove wastage but only if it doesn't affect the service and products your customers buy. Make the customer the key reason for all your business decisions.
Ask your customers what they want and listen to them. Grow your business by speaking to customers and providing them with the solutions they really want and ensure they keep coming back for more. Educate your staff to understand that the customer is the reason for your business not the other way around. All business is reliant on customers and loosing sight of this fact will often loose you your business.
And growing ... well developing your customer base and consolidating your companies practices will undoubtedly lead to business growth. If you truly believe in your products so will your staff and customers and coupled with a slick company with minimal wastage you too can watch your company grow while others pretend its not even happening.
This article was written by Rebecca Jones and may be reproduced in your own Newsletter, Web Site or Magazine you can as long as you include the following:
Rebecca Jones publishes her monthly newsletter for female business owners wishing to make their business work for them, gain success and be more content in their work..http://EzineArticles.com
Minggu, 01 Maret 2009
Business Growth Is Still Possible Even In Today's Economic Situation If Only You Know How
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