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Business enhancing
Sometimes it's a good idea to keep a checklist handy to remind yourself of the basic steps you need to take on a regular basis.
- Keep Financial Score
Few small businesses have an accurate idea of the daily, weekly, and monthly numbers and financial trends taking place within the organization. It's vital that you spend the necessary time keeping current on cash flow. If you lack the financial skills, hire an accountant, but still stay very much in the loop.
- Set Goals
Similar to keeping score, setting goals and objectives is an essential part of your business success. Use the goals you set as an ongoing planning tool to ensure that you continue to move forward with your small business. For instance, try to increase traffic by a certain amount on your business website or blog. More web traffic can translate into added sales or customer loyalty.
- Use High-Impact Marketing
Wasting money on ineffective marketing is easy. Seek out low-budget, high-impact marketing strategies to improve your small business. Test one or two new tactics and see which perform best before adding them to your marketing mix. Social media is an excellent low-cost and low-risk way to promote your business. LinkedIn, Facebook, Twitter, and Instagram are a few good tools to build a social presence and attract attention to your business.
