Small Business Owners Need To Plan Now To Come Out Of The Recession!

It’s not too early to get your small business ready to come out of the recession. Your competitors are and they will be way ahead of you if you don’t plan as well. The best thing you can do to get prepared is to take an objective look at where you are today and make plans for where you want to be in the next 6-12 months.

It may seem unbelievable to be thinking of planning at this point, but if you don’t you’ll be slow coming out of the gate and be left behind. As a business coach I often get involved in helping business owners do a Business Needs Analysis or Business Assessment. The idea is to take an objective look at the business to see what the strengths and weaknesses are. It’s hard to do this yourself because you’ll see the same things in the same way.

• Look at your financial situation and determine what funds you’ll need in the next 6-12 months. What does your credit line look like? Do you have enough funds available to go forward, not just survive.
• What marketing, advertising or sales system do you have in place to develop new business? It’s  important that you can attract new business.
• Take a look at your overhead to see if you can adjust some expenditures to areas that will help you grow as the economy turns around.

These are just a few areas for you to look at. If you’d like to get a FREE Business Assessment, click here now.