Entrepreneur Secrets – 3 steps to higher productivity and profit

By Jerry Bellune

American productivity is in the toilet – maybe.
That’s the bad news from Andrew Marder.
Marder tracks small business financial trends.
We’re in the longest productivity slide in 40 years.
This means we face even more falling profits.
The good news is we have options.

First, focus on the resources you have.
Use them in the most efficient manner possible.
Waste not, want not, Ben Franklin advised.
This means you must make sure you:
• Have the right people doing the right jobs.
• Make the best technology available to them.
• The wrong people working for someone else.
You don’t need them bogging everyone else down.

Second, partner with other small businesses.
Mentor them, Network with them. Share with them.
Do business with them and vice versa.
Dynamic entrepreneurs introduce new ideas.
This heightens competition and productivity.
Spend time with an up-and-coming entrepreneurs.
Help them avoid pitfalls and make the right contacts. Helping them forces their competitors to adapt.
It builds your own base of those who believe in you.
This helps you acquire referrals and new clients.

Third, embrace innovation and opportunity.
Expand what you offer to your best clients.
That usually will require resources and money.
This may be the time to borrow what you need.
Banks are willing to lend if you show you can repay.
Our company always looks for new opportunities.
Ask what more your best clients want from you.
What’s new that you can provide to help them.
Encourage them to share their experience.
Referrals are the No. 1 business attraction.

Do you want to know more about this?
You can be Someone They Always Remember?
It’s coming Sept 30 at the CWC Chamber
Never lose another client or patient again.
For details, call Ashley at 359-7633.

Next: How to expand your influence.

Want to share this with a friend? Be my guest.
We only ask that you tell them where it came from.
Invite them to send me their email address.
They can reach me at [email protected]
I’ll email this strategy letter to them each week.
©2016 The Bellune Company, Inc.