Marketing a Small Business Successfully
That sort of knowledge is usually only available from those that run the business. This means that picking a ready made marketing plan off the internet or bookshelf is likely to be a recipe for disaster because the inputs will have been non specific generalisations. As the old computer adage goes: Rubbish in = rubbish out!
In comparison to Big Business, small businesses are particularly vulnerable to even minor cashflow fluctuations as they simply do not have the financial resources to survive through a lean period. It is therefore vital for a small business to formulate, construct and follow a practical marketing plan that gives the business the best possible chance of obtaining and sustaining a positive cashflow.
The fundamentals of marketing a business are the same regardless of the size of the business, but a small business usually doesn't have the same financial and human resources available to it that big businesses do. On the plus side, decision makers in a small business usually have closer contact with customers and a better feel for the market in their particular niche.
In order to capitalise on these strengths, and avoid being hurt by any lack of budget or manpower, a small business owner needs to be directly involved in formulating a marketing plan that is specifically tailored for his or her business.
That sort of knowledge is usually only available from those that run the business. This means that picking a ready made marketing plan off the internet or bookshelf is likely to be a recipe for disaster because the inputs will have been non specific generalisations. As the old computer adage goes: Rubbish in = rubbish out!
In comparison to Big Business, small businesses are particularly vulnerable to even minor cashflow fluctuations as they simply do not have the financial resources to survive through a lean period. It is therefore vital for a small business to formulate, construct and follow a practical marketing plan that gives the business the best possible chance of obtaining and sustaining a positive cashflow.
The fundamentals of marketing a business are the same regardless of the size of the business, but a small business usually doesn't have the same financial and human resources available to it that big businesses do. On the plus side, decision makers in a small business usually have closer contact with customers and a better feel for the market in their particular niche.
In order to capitalise on these strengths, and avoid being hurt by any lack of budget or manpower, a small business owner needs to be directly involved in formulating a marketing plan that is specifically tailored for his or her business.
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