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How Do You Protect Your Margins?
Manage episode 152501380 series 1061374
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Shift Tactic Number Two is all about expense management. Shift Tactic Number Two is all about expense management. Ultimately, how do you protect your margins when business slumps?
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You may need to shift your focus on expense management to do this more effectively. Think about who will be affected during a market shift, and whether or not you can thrive in a down market. In the short-term, you will feel the pain, but if you cut and track your expenses you will stand a much greater chance.
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Prepare for the market
downturn before it ever happens.
downturn before it ever happens.
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The important thing is to plan for a market shift right now. There are four strategies to keep in mind to prepare:
- Measure your market.
- Size your business.
- Cut your fat.
- Make the most of what you have.
If you’re interested in learning more, please contact me and we can set up a time to speak and I’ll also give you your free copy of Shift Tactic Number two.
I look forward to continuing this conversation!
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