Durango Real Estate Update

A look at the real estate market of a beautiful mountain town

Thursday, April 9, 2009

What A Business Owner Can Do?

I know that it has been more than a few days since my last post. So, I will be back with a vengeance (ha ha yeah right!) This is from an article that I read a few days ago and it seems to be pretty timely concerning where business is, even in Durango.

What Can A Business Owner Do
1.) Talk to major customers face to face, making sure that you know the CEO as well as the guy who buys your stuff and that you deal with on a regular basis.
2.) Add services, add value to your particular product or service
3.) Focus on what's made you prosperous in the past
4.) Communicate with your customers over any necessity of rising prices
5.) Meet with vendors to anticipate any cost increases
6.) Meet with your banker to determine if there is any way to reduce loan carrying costs
7.) Re-establish quantifiable objectives
8.) Hold everyone accountable

If just one of these is able to help you, then it is worth it.

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