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Business In Turbulent Times
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Business In Turbulent Times

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How to value, build and preserve a business in turbulent times?Or my business to value build and prevent in trouble times.

How to value, build and preserve a business in turbulent times?Or my business to value build and prevent in trouble times.

Published in: Business, News & Politics

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  • 1. BUSINESS A IN VALUE, BUILD & PRESERVE TURBULENT TIMES Tuesday, 23 July 13
  • 2. How do you know you are in turbulent times? • High or stiff competition from other businesses with similar goods and services. • Low consumer confidence which leads to reduction in consumer spending. • Change in consumer preferences and habits Tuesday, 23 July 13
  • 3. • Climate or weather changes that may adversely affect buyer behavior. • Sudden rise in the cost of p r o d u c t i o n o r d o i n g business in a given region. How do you know you are in turbulent times? cost of production Tuesday, 23 July 13
  • 4. • Political uncertainty w h i c h l e a d s t o a reduction in consumer confidence. How do you know you are in turbulent times? • Businesses are unsure of where government stands on particular critical issues. Tuesday, 23 July 13
  • 5. Tips For Turbulent Business Owners • Broaden you product and service offering so that you are not reliant on one or two major products or services. • Broaden your client base so that you are not reliant on one or two m a j o r c l i e n t s . I f p o s s i b l e n o c l i e n t should be more than 15% of your business. Tuesday, 23 July 13
  • 6. • Have a good mix of full- time, part-time, casual and outsourced staff. That gives you flexibility with staffing arrangements. • Review your suppliers and look for savings. Is there a more competitive price telephone supplier? Can a bookkeeper do part of what your accountant is currently doing? Tips For Turbulent Business Owners Tuesday, 23 July 13
  • 7. • Preserve the quality of your service so that you are not as reliant on price to compete. In recessionary times, prestige goods and services generally maintain their volume. • Relationships really matter when things go wrong. So always keep a good relationship with your customer and your suppliers. Tips For Turbulent Business Owners Tuesday, 23 July 13
  • 8. You always need a business broker to assist you in this process. However, in turbulent time the need for a skillful professional advisor is even greater. It could mean the difference between selling and not selling. Tips For Turbulent Business Owners Business Broker Directory Tuesday, 23 July 13
  • 9. Maximise Business Value For help in maximising your business value take a look at our products here http://bc.com.au/maximise.html Tuesday, 23 July 13
  • 10. For Advice On Your Business Valuation Or Sale BCI Business Brokers Tony Arena (Managing Director) 3/1 Alexander Street, Crows Nest, NSW, 2065 Phone: +61 2 9439 3399 Mobile: +61 411888148 Email: tarena@bc.com.au www.bc.com.au Tuesday, 23 July 13
  • 11. For A Free Consultation On The Value Of Your Business Visit our website: www.valueabusiness.com.au Tuesday, 23 July 13