Yesterday we briefly talked about reviewing what you have learned about your business and what you have learned about during the recession. Today I am going to list some vital questions that need to be part of your review. Take the quiz below and see how you answer.
1. Who is your customer?
2. How do they find you?
3. When do they buy from you?
4. Why do they buy from you?
5. How much money do they spend with you ?
6. How often do they buy from you in a year?
7. What is important to your customer... Price? Value?
8. What do you have to do to get them to come in your door, click the mouse or pick up the phone?
9. How do you determine what price to charge your customer?
10. How much "profit" do you make on each sale?
11. What is your break even point of sales?
12. Are you satisfied with your income in the business?
A savvy business owner knows these answers and she is also aware that market conditions can quickly change the answers. If these are tough questions for you to answer and you are muttering to yourself why should I do this...stay tuned folks as I write about this further.
Or give us a call 412-440-6969 or e-mail: selfimagebz@ aol.com
and let's talk about your answers
Tip of the day: THINKING about your business ..is also important as DOING business.
Business Tips from the Empress of Biz Host, JoAnn R. Forrester, Award Winning Serial Entrepreneur, Business Growth Specialist, Financial Mentor and Small Business Women and Minority Business Advocate.
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