April 16 2020
We all went through the fear zone but now it's time to enter a stage of learning and growth.
https://instagram.com/p/B_J-vVpAmuT Importance of routines:
What keeps me sane grounded and on track
Regular excersize
Calls to my employees and brainstorming new ways of business
Calls with friends
3 strategies that can help you grow your business today.
#1 Create strategic partnerships
88% of companies that pursued strategic partnerships saw revenue increase or stay the same.
This is a time for radical collaboration. Who can you work with today that didn't make sense months ago?
#2 Pick a winning strategy based on your business
There are two strategies you can take, promotion or prevention.
If your margins are thin, it is time to cut the fat. Focus on minimizing downside by cutting costs.
If you have extra cash, it is time to double down. Expand your marketing efforts and pivot into new markets.
#3 Be young at heart
18% of the companies that prospered in the great recession "went where the market took them".
Young companies are lean, nimble and willing to put in the work to grow. Stay young at heart and know that you will get through this.