3 Ways to Save the Economy

Carl Schramm, President and CEO of the Kauffman Foundation (www.kauffman.org), stated “more than 70% of voters say the health of the economy depends on the success of entrepreneurs.”

I’m no economist. I’m certainly not a politician. But I am an entrepreneur. Most of you reading this are also entrepreneurs. To say that global economic recovery rests on our shoulders is both overwhelming and intimidating.

Businesses are closing, banks are tightening their credit policies and spending is down. It’s truly enough to dishearten even the most optimistic entrepreneur.

However, there is no time for optimism and no time for pessimism. Only time for action. “Many a false step was made by standing still,” states the fortune cookie.

So try these three actions with your business:

1) Focus on Current Customers: Be proactive with your client base to ensure they don’t drop you. Work with them by offering affordable solutions. This strategy is working well with another business I own.
2) Generate Additional Sources of Revenue: Dig deep to find more revenue sources. Value-add services, presentations and informational products can be inexpensive ways to increase cash flow.
3) Start a New Business: With a little hard work and a website you can launch a business. I have done just that: www.MoveYourBusinessToTheNextLevel.com. (Check out my site for more business tips.)

If so many voters hope entrepreneurs will right the ship, then there must be lot of passengers in need of products and services!