BUSINESSA IN

VALUE, BUILD & PRESERVE

TURBULENT TIMESTuesday, 23 July 13

How do you know you are in turbulent times?

• High or stiff competition from other businesses with similar goods and services.

• Low consumer confidence

which leads to reduction in consumer spending.

• Change in consumer preferences and habits

Tuesday, 23 July 13

• Climate or weather changes that may adversely affect buyer behavior.

• Sudden rise in the cost of p r o d u c t i o n o r d o i n g business in a given region.

How do you know you are in turbulent times?

cost of production

Tuesday, 23 July 13

• Political uncertainty w h i c h l e a d s t o a reduction in consumer confidence.

How do you know you are in turbulent times?

• Businesses are unsure of where government stands on particular critical issues.

Tuesday, 23 July 13

Tips For Turbulent Business Owners

• Broaden you product and service offering so that you are not reliant on one or two major products or services.

• Broaden your client base so that you are not reliant on one or two m a j o r c l i e n t s . I f p o s s i b l e n o c l i e n t should be more than 15% of your business.

Tuesday, 23 July 13

• Have a good mix of full-time, part-time, casual and outsourced staff. That gives you flexibility with staffing arrangements.

• Review your suppliers and look for savings. Is there a more competitive price telephone supplier? Can a bookkeeper do part of what your accountant is currently doing?

Tips For Turbulent Business Owners

Tuesday, 23 July 13

• Preserve the quality of your service so that you are not as reliant on price to compete. In recessionary times, prestige goods and services generally maintain their volume.

• Relationships really matter when things go wrong. So always keep a good re l a t i onsh ip w i th your customer and your suppliers.

Tips For Turbulent Business Owners

Tuesday, 23 July 13

You always need a business broker to assist you in this process. However, in turbulent time the need for a skillful professional advisor is even greater. It could mean the difference between selling and not selling.

Tips For Turbulent Business Owners

Business Broker Directory

Tuesday, 23 July 13

Maximise Business Value

For help in maximising your business value take a look at our products here

http://bc.com.au/maximise.html

Tuesday, 23 July 13

For Advice On Your Business Valuation Or Sale

BCI Business BrokersTony Arena (Managing Director)

3/1 Alexander Street, Crows Nest, NSW, 2065Phone: +61 2 9439 3399Mobile: +61 411888148Email: tarena@bc.com.au

www.bc.com.au

Tuesday, 23 July 13

For A Free Consultation On The Value Of Your Business

Visit our website: www.valueabusiness.com.au

Tuesday, 23 July 13