Posts Tagged ‘Inovation’

4 steps to business survival

Wednesday, November 5th, 2008

In this time of economic uncertainty in Dublin, many business will go under.  That is regrettable but an essential part of the capitalist system.  Capital and other resources need to be recycled into newer and more viable ventures.  So much for the big sanctimonious picture, you are probably thinking how do I keep my business from being yet another statistic?

The answer is to innovate!  Pure and simple.  People are still buying products and services and if you can make your offer standout you will get business.  You can innovate on quality or cost or a host of other factors to appeal to any specific target market.  Just follow these 4 steps:

1              Study your target market, their behaviours, attitudes, like dislikes etc ask questions!

2              Decide how you can match one or more of their wants or needs

3              Test Market it to them

4              Return to step 1 and REFINE

You need to constantly refine your offering because customers now have the whip hand.  They aren’t begging for your product or service anymore!  You need to convince them to buy your offering from a host of “me to” offerings.

For help and assistance with this or for any of your marketing needs, please give me a call. I’m very happy to discuss how we could help you further.
Best wishes
Mike Spratt

www.rapidbusinessgrowth.ie
+353 1 491 3328