When experiencing a business slowdown, many small business owners are left scratching their heads without an idea of what or how to take advantage of the situation. Whether it’s from an economic recession or downturn in a marketplace, the impact on a business can be difficult to handle.
The Strategic Business Blog
It’s very typical that small business owners are sometimes reluctant to communicate with their employees & staff when they don’t have good news or they don’t know exactly what to say. It could be related to any number of issues they are dealing with at the time:
The transition from a court reporter to a firm owner is more difficult than it may appear at first. The majority of court reporting firms are owned by former court reporters that had an opportunity to purchase the company from the other owner at some point previously or those who decided to start their own firm. It shouldn’t be that difficult, should it?
Many times, small business owners develop attitudes over a long period of time that hurt them and their underlying businesses and they don’t ever realize it until it’s too late.
When considering how to increase sales, the term “SALE” may be interpreted different ways by different sales people. Do your sales people have the same values and attitude behind a sale that you do? Do they go about achieving sales in the way you want them to? How are they defining a sale?
How is organizational structure of your business working for you? In most cases, when a business owner starts their business, they don’t set out to create one organizational structure or another. They just go into business and start working hard every day.
As I travel around the country, it is surprising and is still a shock, how many small business owners have become spectators in their own companies and have allowed a detrimental business evolution to occur. These business owners are content to sit on the bleachers and watch their companies move hopelessly through time and space while a group of employees leads the team into the wall.
The majority of small business owners believe that their success or failure revolves around their top line revenue or increasing sales. Many times, I will hear the following comment from business owners:
I believe building a small business is much like building a house. You start out with a plan or an idea of what you want to build. Once the plan is in place, you can begin to build the house or the business.