How to Recover from Business Setbacks

Facing setbacks, whether it’s not hitting projected growth, inventory markups, or it’s losing a key employee, are part of the risks of doing business.

business_setbacks

While most companies may only highlight their successes to the public, it’s important to understand that every business has its own group of challenges. The key is to recognize the issues and then take the necessary actions to move forward.

Let’s explore how your team can bounce back from a growth setback. I have included here only the titles of the ways to recover. To get all the details, you need to read the full article.

Reassess Your Business Strategy

Deliver Customer Value

Differentiate Your Product

Hire Employees With Diverse Skill Sets

Continue to Seek Growth Opportunities

Aim to Recover

Challenges are inevitable in business. It’s vital to understand how to handle setbacks when they occur. Reevaluate your strategy to ensure it fits your desired outcomes. Deliver unmatched customer value that competitors can’t duplicate. And continue to seek partnership opportunities that will benefit your brand.

Push through setbacks. Work to grow your business.


Read the complete article here:
http://www.4xbuyerprotection.info/business-setbacks/

To access the benefits of 4x Buyer Protection, click here:
http://4xbuyerprotection.com


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Does It Hurt Consumers to Offer to Match Prices?

5986In an article by the Harvard Business Review (found here), Rafi Mohammed explains three reasons why businesses that offer to match the prices of their competitors might not be in the best interest of the online consumer.

Rafi’s first point is valid. We all know that if competition is low, then prices are relatively high. But the quest for the sale – and subsequent fear of losing it – make this point fairly mute in all but highly unique, niche markets. As far as providing a false sense of security or penalizing inattentive shoppers, well that will happen with any marketing strategy. Whether you offer to match prices, product quality, or shipping costs, if consumers don’t read the fine print, open up privacy policies and terms of service agreements, and review online certificates and reviews from third-parties and past customers, they’re probably not going to get the best deal possible.

Read my full article here:
http://www.4xbuyerprotection.info/can-offering-to-match-prices-hurt-the-consumer/

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