Valhalla Business Solutions - Business Management Consultants

Sales Management Consulting Specializing In... Sales and service Systems, Managing younger generations, Management protocols Coaching effectiveness

Sunday, March 15, 2009

Economic Recessions -- Understand Your Competition

Review the following...

Pricing
Competitive services and conveniences
What they are doing well

services
processes
marketing
social networking

Community involvement

Its amazing how much your competition can help you, most people don't look at it that way. Too often I run into business owners that refuse to use another businesses great idea. As if it is an admission of inadequacy? I can only challenge you as a business owner or manager look around you and see who is doing it the best. Use it to innovate processes in your organization.

As the President of our organization, I have yet to refuse advice from experts in their respected areas. I solicit advice from experts in each of the bullet points above. Its critical to build a network that can add value to your organization. (we will discuss networking in a future blog)

The truth is if you as a business owner go to your competition as a customer you begin to understand more of how your customer views your business. Adding value to your customer is your number one priority, be humble and learn from those around you!!

Labels: Coaching Teams, community outreach, corporate responsibility, economic crisis, economy, management, Small Business CEO