Wednesday, February 17, 2010
Take 5
Have you been feeling the hurt of this bad economy like a lot of us? Advantec.com has five great steps to improving your business through this economic downturn. The first step is to increase your DSO which is the time it takes for your company to collect on a sale. Companies that improved the tracking of this saw up to a thirty percent increase on their cash flow. The second step is all about your image, image has a lot to do with who does business with you. Just think of your favorite restaurant;if the first time you ate there and the place looked like a pit there's a good chance that your not returning to that restaurant. The third step is to be a better boss by being clear about your priorities, be approachable, and always be open to your employees ideas. The fourth step is to explore every option out there to grow your company, there are many free social events were you could possibly meet new connections and build friendships. The last step is to keep yourself number one, be healthy and enjoy life because without you there is no company right?
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