What To Do When Business Is Slow?

What to do when business is slow?

There’s certain seasons in business that you can take advantage of and one of them is “when business is slow.”

Since there are dry spells, at times, this is a great opportunity to turn on the creative juices and get ready for a powerful breakthrough.

In this blogpost, I’m going to guide you to several solutions that would aid you on what to do when business is slow.

Let’s hit it

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Why Is My Business Slow?

There could be number of reasons why business is slow:

1. The Seasons. Many businesses (large or small), go through certain moments in time where activities move at a turtle pace.
2. Customer Needs Change
3. Marketing Update
4. Customer Service Issues
5. Website Challenges
6. Vendor Situations
7. etc., etc. I believe you get the point.

Start probing the questions that may come to mind and deal with that accordingly. Keep it simple as possible. Don’t stress! Learn more

Take A Survey

Taking a survey is just as important as making a sell for your business.

Gathering data to find weak spots and finding better ways on improving your quality products/services is your best follow up. Learn more

Email your customers. Ask them about their concerns about what you are providing for them.

Learn how to make it faster and easier for your customers. This may take some time doing, but, the time for this movement is now!

Get Personal

Talk with your staff one on one (if you’re not solo), and ask questions that truly matters to your staff team.

Get personal. Let the team know that their concerns matters too. Ask about their family life. Work life. Future goals. Pick their brains.

Help them or get someone to guide them through their hurdles if that’s the issue here. Removing this obstacle can increase greater moral for your company, produce better results and harmony in the workplace.

This is especially a wonderful idea to touch on when your searching for answers on what to do when business is slow.

Go Over Your Marketing Plan

What to do when business is slow: Go over your marketing plan.

The best time to update your past strategies is Now!

Reevaluate how you promote yourself. This is what your customers really buy. Your products/services are the eventual purchase, but, you are the “door opener” where your customer or potential customer can make the best judgement

Learn to listen to your customer’s needs. They will spell it out for you, especially, if you are asking the right questions. Key point.

Improve Your Sells Game

If you aren’t making the sales that are needed, your business will struggle and can eventually go out of business.

Always keep improving on your sells game. Don’t slack. This is one major mistake that you must avoid at all cost by getting distracted. Doing things that doesn’t bring benefits (revenue), to your small business. Learn more

Think about the moment when you had multiple sales coming during the day, the week or the month.

Your customers requesting your products/services like never before.

How was your mindset at the time? Were you focused? How was your customer interaction at the time?

These are great questions you need to ask yourself to help recollect those memories to lift your small business out of a jam.

This is what to do when business is slow.

Spend Time Alone

This is the perfect time to spend alone.

So many demands that approach us everyday in our business world, we need to find time to bring balance and harmony back into our lives. Learn more

Here’s some things you can do:

1. Go out in nature. You’ll be so surprised when you sit alone by the lake, in the park or high in the hills (always keep safety in mind, please). It’s interesting how great ideas starts to simmer up just by enjoying your free time.
2. Take a swim. Swimming is a fabulous way of getting reconnected with one self and a great way to stay in shape. If you don’t know how to swim, find a personal trainer or just enjoy being in the pool. Relax and allow your thoughts to flow without resistance.
3. Practice breathing exercises. Most of our stresses we face during the day can be eliminated by practicing and focusing on our breathing. When breathing properly, you slow down the heart rate and it also relax you more. With this exercise, it increases the oxygen intake and releasing toxic chemicals you don’t need.

Keep Building On Your Strengths

In your small business, it’s always a good idea to hone in on your best traits.

If your talents are best given for customer service, work on raising the bar listening more, improve eye contact, body language, etc..

Or your priority is marketing. Communicate more with new prospects, increase your skills and master email marketing, ask your customers for more feedback and referrals.

What about being the “go-to-guy?” Customers seem to value your input? Focus more to how to be the magnet of attraction.

Dress well, read and study more. Always thank your customers for shopping with you and always greet them with joy in mind

Now, if the areas that you are weak in, that needs additional attention and you don’t desire to deal with, then, Outsource the work.

It will save you time and money.

What kills small businesses is, ” they believe that, they have to do everything all the time.

That’s far from the truth.

Whatever you’re having stressful moments with, send it off to a staff member or an agency to get the work done for you.

Remember this: Keep building and focusing on your strengths. This is what to do when business is slow.

Be Conscious Of Your Feedbacks

When business is slow, this is a great time to be very conscious of your feedbacks. Learn more

Let me explain.

When you are up against a challenge or two or three (smile) and you don’t overcome them, you feel like you have been “defeated or you have failed.”

Correct?

But, actually, it’s what’s called a feedback (learning).

Your feedback is striving to tell you that:

• Something is missing
• You’re on the right path
• Wrong directions
• Pay close attention

These feedbacks (learning experiences) are here to help and guide you.

Not crash and burn

And these feedbacks are healthy towards your small business success.

So, always be conscious and well aware of your feedbacks.

It’s your guiding torch light to build a better business and a better you too.

Conclusion

There you have it.

Here’s a 6 minute foundation on what to do when business is slow.

A quick recap on the discussion:

• Take a survey
• Get personal
• Go over your marketing plan
• Improve your sells game
• Spend some time alone
• Keep building on your strengths
• and last, Be conscious of your feedbacks

I thank you all for attending my blogpost and until next time, stay positive and much success

Derrick M.

Business Financial Specialist

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