Existing Business Resources
A flurry of experts have indicated that entrepreneurs
are planning to boost their hiring, and many more may be planning to incorporate a new business this year, increasing their chances of rebounding from the economic recession.
According to the American Express OPEN Small Business Monitor, a third of companies anticipate growth this year and 56 percent are willing to take a risk to do so. Now that they have gone public, though, how do these professionals plan on hitting their goals?
The report indicates that one in every five small business owners will introduce new products and services to boost growth. Additionally, over half of all small business owners will market their companies, and likely these products, via social media platforms. Business owners should also remember the power of word-of-mouth and continue to spread the word about the goings-on of the company while encouraging their employees to follow suit.
Another strong strategy that entrepreneurs should leverage, Entrepreneur
magazine reported, is networking. By attending local events and connecting with others who share a similar focus but are not competing against the company, a small business owner can gain strong contacts that can help boost sales and revenue.
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