Whenever a country goes through an economic recession, most businesses focus on enduring rather than figure out how they can make the most of the situation.
“We can’t be in survival mode. We have to be in growth mode” – Jeff Bezos.
Here are a few ways you could grow your business:
- Focus on Quality: Do not tamper with the value of your product in a bid to make more money.
- Adapt your product to the economy: If your consumers can no longer afford bottles, adopt sachets. If they can’t afford paper bags, adopt plastic bags.
- Use Social Media Tools
- Priortize on your expenses.
- Stay away from profit-eating sales.
to be continued…