Grow Your Business In a Slow Economy

Grow Your Business In a Slow Economy

While it is harder for a company to grow in a climate of economic uncertainty, if they adopt the right strategy, entrepreneurs can thrive, regardless of economic conditions. Here are seven steps to stay on the path to growth. 1. Diversify your clientele If you get the majority of your income from one or two clients, your business could be at risk if they are in financial difficulty. A BDC study shows that even modest diversification leads to better financial results, no matter the size of the business. The most diversified companies record, by…

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