Image source: fitsmallbusiness.com
Image source: prestigebm.co.uk
Keeping clients
This may sound basic, but people would be surprised how much it’s overlooked. Once a company has a client base, it needs to exert effort to keep the said base. Existing clients are very important. According to Robert Testagrossa, loyal clients not only keep the cash flow going; they can also be excellent sources for more leads.
Investing in tech
When Robert Testagrossa mentions technology, he doesn’t just mean computers or electronic gadgets. Technology can come in many forms. For farmers, new technology may mean new tractors. For restaurant owners, new technology may represent the latest cooking equipment. New technology has been proven to not only boost productivity but sales as well. Technology can also help lower expenses in many ways.
Knowing the target market
Having a great idea and an innovative product won’t mean a thing if a company can’t identify its target market. It’s been said many times in the past that a business may have the most attractive product or service in the world, but if they sell it to the wrong people, meaning people who either don’t need it or can’t afford it, they won’t be selling anything, Robert Testagrossa adds.