Thursday, July 5, 2012

Thursday Biz tip. Mid year review. Finances & Market


Thursday Biz Tip: Good time to do a review of your business finances.  Yeah I know not fun..but we are halfway done with the year..and it is important for you to see where you stand and what you can do to improve your financial picture.  
If you are retail you have to MOVE  the stock that has been hanging around..  SELL IT.  Even if you only get 10 cents on the dollar..sell it.  It has been sitting there, taking up space..getting less than new look...and it is not making you money..get RID of it.  Have a big sidewalk sale...two for one sale..(2 4 1) .  Call up your best customers and offer them a really good price.  Get your employees involved and see what their ideas are to move stock.  Have a contest and the employee that sells the most X gets a special treat, like a paid day off, a dinner etc.  
 Don't forget a "bag sale"  ..all you can get into the bag for $5..for items that must go.  
  Help a charity by donating stock to them..it is a tax write off.  
  Conduct a survey and ask your customers who they would want you to donate goods to.

Get moving folks! Inactivity creates more inactivity....Be creative and get others involved .  You will be surprised at what good happens!


If you need more ideas on how to move your  business  give us a shout at empressofbiz@verizon.net.  We love to create activity to get you moving.

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