AngelBiz commented on the following stories on BizSugar
5 Changes Your Business can Make to Experience Exponential Growth
"All these are great tips. I would also add that you need to have well thought out growth strategy in addition to all the tactics you have mentioned here. Growth can occur from several avenues - new products, extension of existing products, new geography (location), new channels (e.g. online). As a business owner you need to think about which ones will work best and at what time. After careful study of the market and your available resources you can make a sold plan for growth for number of years in the future."Provide Customer Service through Social Media
"Interesting twist on using social media. In my opinion, if you are not using social media for customer feedback monitoring and feedback your business may get into serious trouble down the road. With the rise of Facebook and twitter most customers are taking it to the social media channels to air their complaints and recommendations. Businesses need to leverage this not only for marketing, but also to respond to complaints and maintain their reputation."A crash course in cash flow management for micro businesses
"Cash is life blood of any business and it is even more so for small and micro businesses. It doesn't take long for them to get in trouble as a result of poor cash flow management. That is why it is imperative to have good cash flow management techniques. Your techniques can go a long way towards that. I would also add that you should be monitoring the cash flow like a hawk - on a daily, weekly and monthly basis. It also help to have a cash cushion in the form of line of credit with a bank for emergency cash needs. As we have all learn from 2009 recession you never know when the cash situation will become dire."Keeping Your Startup Passion Alive
"I would add two more tips to keep the passion going. 1) Periodically take time off from work and spend it with family and friends on vacation. It's amazing how stepping away from work for some time can rejuvenate you and keep the passion going. 2) Do not try to do everything yourself. Learn to delegate. Failure to do this is a sure recipe for burnout and loss of passion."Top 5 Tips For Keeping Employees Happy
"I think the first and last points you made are very important. If you can find out the motivator for individual employee and satisfy his needs he will give his best in return when you need him. Leading by example is an age old technique that every great leader has used and needs to be used if you want your employees to follow. ""But Your Price Is Too High"
"There might be number of reasons customer might say those words. He could be genuinely comparing the price and value of your product to alternatives or he might be using it as a negotiation tactic. In any case it is up to the sales person to dig deeper into it by asking relevant questions. At the same time he needs to be careful not to get sucked into comparison with alternatives. As a sales person you need to establish a business case for your price and show the value it provides for the given price. "How to Keep Your Sanity While You Work Less to Get More Done
"Excellent advice on keeping sanity in this ultra-busy world. It does seem counter intuitive, but working more and doing multi-tasking leads to numerous errors and problems that hurt the quality of the outcome. It may seem like you are accomplishing more by working longer hours, but when it's the quality of the outcome that matters more than the quantity."Make it Easy for Your Customer to Remember You
"Interesting observation. Most people think business cards are so obsolete, yet you show that they can still be helpful in bringing in customers. Of course, business card is not the only way you can make it easy for customers to remember you. with the digital technology there are myriad ways such as emails, reminders, etc. to help customers remind of your business. Here in the US the one of the most successful approach is to hand out refrigerator magnets with coupons. You help to help your customer help you by providing clues about your business."Subscribe
“Rachel: Great to hear! Thanks for your kind words! :)
All the Best,
Martin...”
“Thank you, Martin. That's a fantastic motto... and I couldn't agree more!...”
“Lisa: Good to hear! Thanks for your response....”
“For sure, I know I did years ago when I was working for others....”
“Lisa: I wonder if they potential employee is doing a background check on...”
Giving Yourself a Break
"Excellent advice for all of us who work so hard and strive to do the best in everything we do. At first it seems counter intuitive, but taking a break and time off from your hectic schedule is not only important, but required. Running a small business is stressful requiring long hours and handling multiple tasks simultaneous. Many business owners get burned out as a result. It is only by taking a break and rejuvenating periodically that you can stay in the game for the long haul and become successful."