9 Small Business Turnaround strategies

http://www.IdeaAgeConsulting.com – These almost 10 small business turnaround strategies & methods are commonsensical yet powerful. They can be implemented by a solo-business, and yet are robust enough to be useful to mid-sized organizations.

First, understand how businesses fail. And then implement these key business growth strategies.

Strategy #1 – Regular Training & strategy sessions
Strategy #2 – Business Model Innovation
Strategy #3 – Customer Insight & Intelligence Surveys/Interview
Strategy #4 – Marketing, Intangible and intellectual capital audit.
Strategy #5 – Establish a Strategic Alliance/ Joint Ventures (JV) and Affiliate programs
Strategy #6 – Create a new profit center
Strategy #7 – Innovative pricing schemes
Strategy #8 – Asset-Based Financing, Factoring, Receivables financing, etc.
Strategy #9 – Develop a unique selling proposition (USP), make sales more virally. Convert better.

Posted by Tommy Cook

I'm a Quality Control Technician who is really into keeping things spotless and perfect. I love to talk about business, sports and taking risks. I'm not afraid of speaking my mind and I do love a healthy exchange of ideas.

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