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Top ten tips for small businesses to spring into action part 2

By Faeza
08 September 2015

As we approach the last quarter of the business year, small businesses everywhere need to take stock of the year, do some spring-cleaning and make final plans for a last push in 2015.

The National Small Business Chamber (NSBC), launched Small Business Friday™ on 4 September – a movement by the NSBC in association with Nedbank, has shared ten tips for springing into action:

“At times like these it is always good to revisit your business and double check a few essentials before moving forward,” says Mike Anderson, CEO and founder of the NSBC.

Be ruthless with money – it won’t always be there - Saving habits are the foundation of all financial success. As Warren Buffet put it – ‘Do not depend on a single income, don’t buy compulsively and do not save what is left after spending, spend what is left after saving or investing.’

Use PR as your secret weapon - If you are a local small business, use a good PR consultant and look at local media for PR. Read those publications, forge relationships, find out what types of stories the journalists are covering, and offer yourself up as a thought leader on a topic.

Knowledge is power. Collect data - You need to know your business inside and out, so collect information that will help you manage the business, especially when you hit panic mode.  Go back to the numbers and then work on a solution. Also collect customer information or leads. Having a good database is a common weakness in most businesses.

Be different - Challenge the status quo, get out of your comfort zone, do things differently and stretch your abilities. Stretching your abilities will make you great.

Take action and just do it! - If you have an idea that you really believe in, do something about it. Unless you take action, your idea will remain worthless. And of course, support Small Business Friday!