13 Tips To Help Small Business Leaders Plan For The Unexpected

Whether you are just starting out in business or have been a credible brand name lauded in the industry for decades, it’s always critical to take a regular assessment of your areas of potential vulnerability—from business deals and investment opportunities to customer behavior patterns and satisfaction with a product or service. This will enable the organization to better prepare for and navigate through marketplace uncertainties—and be more likely to overcome the odds. In a global economy that is constantly evolving in a digital age, it’s essential for company leaders to protect their teams and their business by staying up to date on the latest consumer trends and market regulations so that they’re able to exceed expectations and remain in compliance at all times. Here are 13 tried-and-true best practices from Forbes Business Development Council members that are highly recommended. Members pictured from left to right. Photos courtesy of individual members. 1. Be Equipped To Fill Unexpected Consumer Needs And Trends Be nimble—if outside factors could impact your business, be ready to “move” into adjacent areas. Instead of focusing entirely on investments for new product development, think about how your existing products can benefit adjacent industries with minor adjustments. For […]

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