Business Problems?heres the solution..

[neil11]

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make internal improvements
1. Monitor cash flow. Cash is king, now more than ever. Make sure your lines of credit are adequate, and pay extra attention to cash-flow projections. If you run short of working capital, manage by cash (not profit and loss statements). Monitor your numbers closely, and be ready to act.
2. Review your strengths and weaknesses. Know thyself. If you are aware of flaws in any areas of your business, remedy them now. They make you vulnerable. Similarly, find new ways to capitalize on your strengths. You need them more than ever.
3. Rethink your sales strategy. Identify your most profitable products or services, and focus your sales efforts accordingly. Use gross profit as a measure, or better yet, your gross margin return on investment.
4. Categorize your customers. Determine who's profitable, and who's not. You can't afford to carry unprofitable customers along; you need to work lean and mean right now.
5. Improve work processes. If there are excess costs in your workflow, squeeze them out, so your business runs as efficiently as possible. .
6. Increase throughput. During soft markets, customers often purchase in smaller quantities. Instead of turning small accounts away, find ways to accommodate them. If you can shorten lead and set-up times without compromising work flow, do so. It will add up.

Seek External Opportunities
9. Create strategic alliances. Forming simple partnerships can save you money. consider affiliating with companies that might help you with yiur business
10. Renegotiate with vendors to reduce expenses. Take your rent, for example. If your lease will expire in the next few years, suggest a longer-term lease in return for cost concessions. Or, if you are in a position to pay suppliers promptly, use it to obtain price discounts and promotional allowances.
11. Target your competitors' customers. If one of your competitors is struggling, reach out to its known customers. If those customers sense a decline in quality or fear a service disruption, they may be receptive to your pitch.
12. Even better, acquire your competitors. If you're in a position to buy out floundering competitors, consider it, but only if it will further your own strategic goals.
13. Upgrade personnel. There are many talented people looking for work right now. If you've been muddling along with mediocre employees, know that they're dragging your business down. If you can't bring their performance up to par, do the hard thing and make some changes.
14. Keep your eyes open. Be on the lookout for fresh ideas and opportunities. Stay abreast of news and trends. Interact with other entrepreneurs to see what they're doing. Learn from what's going on around you, and be poised to jump on opportunities when they come your way.
When the going gets tough, smart leaders get going. Be prepared, and be proactive. Your company can not only survive the recession, but also benefit from it, provided you take the lead.

source..entrepreneur mag

[wealthyhead]

ask advice from successful people you know and learn from their wisdom.

[pogy_uy]

ask advice from successful people you know and learn from their wisdom.

exactly... this is what i'm doing. and they "the successful ones" would gladly share it to you. Be a communicator.

[vienabyam]

ako prob kay pul-anon ko ug gastador! unsa solution ana?

[neil11]

ako prob kay pul-anon ko ug gastador! unsa solution ana?

i have the same problem before bro..thats y i started doing what i only love...and reading books to keep me inspired..do the same and you wills surpass it..it wont be easy but it will be worth it

[hacxcena]

ako prob kay pul-anon ko ug gastador! unsa solution ana?

know what is asset and liabilities so that you know what you need to spend.

[jonz]

find your motivation....

[dcabungcal]

ako kay subra ko ka tihik.... unsa solution ani?

[demonyito]

ok ra man cguro na kung tihik bro! kay ako tihik man sad! hehe
mas dali maka save but make sure you are open-minded sad sa mga business and investment opportunities..
the key here is not just to earn and keep but also to earn more with what you keep.

ako kay subra ko ka tihik.... unsa solution ani?