TUESDAY CHALLENGE: 5 Things to do to generate more cash
Businesses seldom complain about having too much cash flow; however, the major complaint is not having the capital necessary to survive or to take a business to the next level. I believe that if you follow the formula I present as your Tuesday Challenge and apply it, as it is suggested, for the entire next month, you will see some good things happen.
I am on a work and discipline campaign, and you will see that in my blogs and the Tuesday Challenge. I will not buy the most common excuse I hear, “I don’t have the time”. If you are not generating enough profit to grow your business, then you are wasting your time in non-revenue producing “busy time.”
Good habits, which include a lot of self-discipline and work, are hard to maintain. Once again, I am asking you to find someone to help you stick to your new plan. Reach out to Ask the Duck if you need help.
For the next month, each week will be the same. These rules are to be put into place for one week and then followed for the entire month.
- Make five phone calls to past customers, or business acquaintances. Tell them something new about yourself or your business and ask them for a referral or in the case of an existing customer, more business.
- Make an in-person call (not phone, face to face) on a potential new customer or potential referral source, every day of the week.
- Create a networking opportunity with someone you can help grow their business. Do this over coffee or lunch. This is a weekly task.
- Post a comment every day on LinkedIn, Facebook and Twitter. If you don’t have an account, establish a business account. While you are doing this task, check your profile on each of these social media sites and make sure it represents you and that it has a call to action.
- Attend one networking meeting each week. Gather at least three business cards and send a hand written note to each and ask for a meeting. ( if necessary, go back and read previous blogs on networking)
BizQuack members have to stand out in the business community. Tell everyone you talk to this week that you are participating in a challenge from your BizQuack business community and you need their help to reach your goal. By doing this you may find it easier to make your connections.
Succeeding in business is all about making connections; however it takes hard work and discipline to make it happen. BizQuack
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