Posts Tagged:turning businesses around

How To Generate More Leads Online

Just about every business would love the ability to generate more leads, especially online. But very few of them know how to successfully attract new prospects to their business on a consistent basis. It can be pretty overwhelming trying to navigate through all the various lead generation options available these days. From attending networking meetings,…

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Add More Sales With Somebody Else Doing 95% Of The Work

If you sell one or a number of lower priced products or services and nothing else, you could become the front-end provider for a number of other businesses that offer higher ticket products and services to the same market. Here’s Two Examples… For example, if you sell a piece of software that retails for $197,…

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Get Professional Turnaround Advice Early

If you’re in trouble, the best time to get professional help was probably before the problems started. The second-best time is today… The important thing is to make sure you’re dealing with a professional. If you’re in a pre-insolvency position and you’re considering getting advice on your options, talk with someone who’s actually in the…

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Talking Terms With Your Suppliers

One way you can get some short term breathing space is to talk with your suppliers and ask them if they can give you better terms, even if it’s only for a short period of time. If you approach the situation with sensitivity, the people on the other side behind the business are people as…

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Getting Your Lending In Order

When it comes to lending, it depends on whether it’s personal financing or business related, and what assets behind are behind the loans. A lot depends on whether any security is over a property, if it’s a car, if it’s for your business or is it for your private debt, which could be your credit…

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Have A Professional Intermediary Negotiate Internal Conflicts

If the cause of your current business problems is related to an internal or personal dispute, it’s critical that you are able to keep everyone’s emotions in check to minimise the conflict and let clearer heads prevail. The best way to do this is usually to have an independent body, whether it be a mediator…

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Ask Your Accountant To Help Stabilise Your Business

Your next structural step in the process of turning your business around is to meet with your accountant much more frequently so you can really work through your tax planning, your business cashflow, your profit levels and the tax implications of what you are currently doing. Then create a plan for how you’re going to…

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How To Get The ATO Off Your Back

OK, so now we’ve tackled some of the easier things you can do to turn things around and you’ve started generating some more cash flow to keep the lights on, it’s time to talk about some of the critical structural changes you should consider to make your business more stable and predictable long-term… And Those…

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Identifying Overlooked Opportunities Or Under-Utilised Assets

The forth step in turning your business around is to sit down with a pad and paper and run through your business, looking for any overlooked opportunities or under-utilised opportunities you can quickly take advantage of. When you’ve identified them, you can decide whether you’d like to put them to work more effectively, or sell…

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Sell Or Joint Venture Part Of Your Existing Business

The third step in turning your business around is to consider selling part of the business to a competitor or joint venturing with another business that is looking to expand into your area of expertise or your location. If you have part of your business that is no longer a core focus of your operations, consider…

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