Avoiding A Global Recession In YOUR Business
We all hear every day about how there’s a possibility of a global recession. No matter where you are in the world, you’ve probably heard about the housing market crash in the States. Depending on where you live, you might be hearing daily that the UK housing market is also looking grim.
Whether a global recession occurs or not, there will be people whose businesses go under simply because of the speculation about a recession. It’s incredibly sad but it’s a fact and it’s happened all throughout history whenever the economy has faltered.
The owners of these businesses slowly slip into a ‘doom and gloom’ mentality… they avidly read all the papers and intently watch all the news on the telly and worry worry worry about it all… and then as this negativity starts infiltrating their lives, they start struggling for clients. When this happens they take it as ‘proof’ and they moan about it more and more and worry about it more and more until they are literally frozen with fear.
They stop their business building activities because they are worried about a lack of cash and this then has an even worse affect on their business. Eventually they get to the point where they’ve not got enough money coming into pay their mortgage or rent. They’ll then either go bankrupt or they’ll have to quit running their business and take a job that they don’t want just so they can pay their bills.
For those that slip into this doom and gloom scenario, the only outcome is that everything will go bottoms up for them. However there is another way and it works in ALL market conditions… global recession or not…
This ‘other way’ is to strengthen your business to the point where you’ve got a continual flow of potential new clients walking in the door and a continual flow of loyal happy clients coming back and back… no matter what the economy is doing.
I’m talking here about creating a client base that is SO loyal that nothing short of the world stopping spinning is going to make them cancel their appointment with you.
The easiest way to start creating such a strong client base is to build yourself a database of interested clients and potential clients. Then work in earnest to build a genuine relationship with them. Send them regular newsletters. Go above and beyond. Give them free information. Educate them on your area of expertise. Help them.
Be generous with your expert knowledge and they will begin to trust you and before you know it, they will be knocking on your door wanting an appointment.
… so, what are your thoughts on how to get your business through the recession? Leave a comment below and share them with everyone!
——————————————–
ABOUT THE AUTHOR: Rebecca Kepple specializes in helping business owners massively increase their client base and profits. To get instant access to her free insider secrets report ‘The Top 7 Secrets for Massively Increasing Your Client Base’ visit: http://www.wellbeingbusinesssecrets.com/freebiebook.
© Copyright Rebecca Kepple 2009
Want to use this article on your site or in your newsletter? This article may be reprinted provided no part thereof is edited in any way and this resource box is included.
March 8th, 2009 at 5:37 pm
Hi Rebecca, this is sooo true! I’ve fallen into the ‘doom and gloom’ trap before and it only gets worse. Luckily I managed to turn my attitude around before any serious damage to my business was done. This time I’m keeping my thoughts positive, my excitement about my work high and things are going great! We have to remember that like attracts like and be careful what we put our time and attention to. Thanks for all your valuable information, keep up the great work! Natalie, BMore Natural.
March 9th, 2009 at 11:09 am
Hi Rebecca
Absolutely! I am getting fed up of the doom and gloom. As a kinesiologist I made the decision 6 years ago to stop reading the papers and watching the news. They are only interested in bad news. I listen to the radio and figure that Terry Wogan et al will tell me in brief anything major. (bad news orally is not as upsetting as bad news visually and orally to the body)
Talking to other small business owners recently I have only heard good things - I have just had my best January ever and am stil getting new clients - all by referral! Another business owner has had the best 6 months in their 45 years in business, another is up 35% on last year. The media aren’t interested in this so make a decision - switch off the news, stop reading the newspapers and when clients start talking about the doom and gloom gently direct their thoughts to the positive side of life - that way they will feel so much better when they leave that they will be sure to be back for more!