Many small business owners are taking this opportunity of slow business to invest time in rebranding their businesses. But, you don’t want to confuse your customers or take on more than you can handle. Here, CNNMoney offers tips on expanding in this market.
No. 1: Don’t bite off more than you can chew. You might have a lot on your “to do” list, but start small and build from there.
No. 2: Before you think about outsourcing, consider whether or not you could do it in-house.
No. 3: Is it worth the trade off? Your time will be consumed with new clients and new vendors or manufacturers ... will you lose your loyal clients?
For more tips and anecdotal ideas, click here.
Source:
CNNMoney: Expanding Your Biz, Despite The Downturn
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