Tips on Surviving in Tough
Times
(A client forwarded me
this email that he received which puts our current
business challenges in clear perspective. I found
it very helpful and so I am passing it on, almost
verbatim, edited just slightly.)
Can you do anything to
help yourself when the economy is melting down?
You sure can. The first thing to do is to quit
thinking about it. Concentrating on things you
can't control can paralyze you.
Instead, focus on
creative things you can do to hold current business or
find new business. Understand, your customers and
prospects are under pressure also. Look for ways
you can help them.
Maybe it's time to
temporarily work with lower margins. Give them
special discounts, especially for volume work. Look
for services that you can offer. Free design, free
delivery, free graphic consultations.
They are
distracted too, so have your people visit them and see
what you can do to help. See if there are new
markets that you can service.
If
you need new equipment, go economically with used
equipment. There are creative ways to finance equipment,
leasing companies still have money and are writing
leases. Maybe the seller will carry your
paper.
Take a hard
look at your expenses. Get an employee team
together to see how you can cut 10%, 15%, or 20% out of
your operation costs.
'Saving your job'
can make enthusiastic cost cutters out of
employees. Some of these cost savings passed on to
customers could increase your sales, even
today.
Above all, be
confident. You did not get where you are by being
fearful. You're good, or you wouldn't be where you
are today. Tough times just means you will have to
be even better.
You
are the key, your employees will feed off of you. If you
are determined, confident, aggressive, and an achiever,
they will be also.
Stupid politicians
and bankers can't bend you if you won't let
them.
This is
just one battle in the war called life. You have
won important battles before. You'll darn sure win
this one.
We at
Seaboard Bindery have been here since 1977. We are
here for you today and will be here
tomorrow.