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6 Tips to Keep Your New Business in the Game
Launching a new business is not for the faint of heart, and you have to do what it takes to keep in the game. Consider this statistic published by the Small Business Administration (SBA) in 2011: “Two thirds of new employer businesses survive at least two years, and 44 percent make it at least 4 years.” As a new business with employees, you have a 50/50 chance of surviving for 5 years or more. The old statistic published by the SBA confirmed that half of all new businesses fail in the first two years of business, and 95 percent of all new businesses fail within 5 years. Here are 6 important tips to keep your new business in the game:
Tip #1 - Cater to Needs
Your product or service must fill a void in the marketplace if you want to keep your new business alive and well.
?ip #2 - Have a Great Attitude
Concentrate on keeping a great attitude no matter what the external or internal circumstances are. You need to have the right attitude combined with vision and passion to push forward when challenges arise.
?ip #3 - Plan to Succeed
If you don’t plan your new business strategy, you may end up with a failed business. Think through your strategies regarding sales, forecasting and marketing.
?ip #4 - Write Your Marketing Plan
You need a well-rounded marketing plan with at least five different marketing methods. Don’t forget to state the system you plan to use to measure accuracy.
?ip #5 - Put the Customer First
Every decision you make should be based on “How will this enhance my customers’ experiences?” Your new business can thrive if you create a customer-centric culture.
?ip #6 - Develop a Sales Conversion strategy
Your sales conversion should always be on your mind as you work on generating more sales revenue for your new business. Begin each day asking yourself the question, “How many sales conversions can I have today?”
As long as you avoid key pitfalls, you now have a better chance to survive and thrive. Concentrate on implementing t

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