3 Marketing Mistakes That Sink Business in a Recession by George Torok
A
recession does not mean the end of your business unless you navigate those rough
waters blindly. Here are three rocks that can sink your business ship unless you
avoid them while navigating the dangerous waters of a tough market. You might
get wet but no need to capsize.
Cut expenses across the board
Cut
marketing huanghaiyan902 More information please visit:
www.onlinebagclub.com. Cut staff. Cut
all expenditures! This siren call is the most common and foolish mistake. It's
common because it is a knee jerk reaction that requires no thinking. It's
foolish for the same reasons. Making across the board cuts is a political
response. It's not a smart business strategy. If cutting across the board in
tough times was smart then raising all expenses in good times would also be
smart.
Instead, review all expenditures and categorize each line it
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