In a slow economy small businesses must struggle to keep up with their competitors and sometimes to just break even. Online there are so many different tips for what you can do to pull through these difficult times, but it really depends on the type of small business you own. Figuring out how to bring in new clients is about marketing in a way that highlights the aspects of what makes your small business an essential to your intended market. This isn’t always easy because you may have what feels like a very average small business. For example if you own a bakery, you may feel as though there are tons of other bakeries that make the same type of pastries or other baked goods that you do.
One of the most basic steps to giving your small business an advantage over others, is remembering to give yourself regular evaluations. If you really want to change the way your business is received, you should reflect on it with an honest and open mind. Make a list of the most positive and negative aspects of your company, and use this information to start thinking of creative ways to improve upon the negative while accentuating the positive.This process of reflection may surprise you because it forces you to take the time to think critically about all aspects of your business and not just a select few. Also make sure to write down ways that your business may be able to save a bit of extra money, this might entail doing a bit of online research into tax deductions or credits. The infographic below was one online source that I found particularly insightful for small business to know about the new 1099K tax form. It’s nice because it simplifies some very complex and confusing information into a infographic that is easy to understand in detail and yet quickly process.
Overall, I strongly feel that the greatest skill a small business can rely on in this slow market is creativity. If you can learn to see your own business in a new light, it will allow you to help others see it that way too.
This infographic made by outright.com shows how the new 1099-K affects small businesses.
Brought To By Outright.com