logo

How to give your business a boost

By rotide
Created 14/07/2008 - 01:00
business vision.jpg

There's little doubt that this is the toughest year most small businesses have faced since the dotcom crash at the start of the decade, and possibly since the early 1990s.

According to research, a record 471,500 new businesses started up in 2007, an increase of 17% on the figures first recorded in 1988.

But the number of businesses closing down in 2007 also increased significantly to 498,900; an increase of 8% on 2006.

The business closure rate reached 17% in 2007 according to Barclays, which has been tracking the market since 1988. This is just short of the previous peak for business closures of 18% in 1992.

So how can small businesses give themselves a boost in these tough conditions? "Just because you just run a small business doesn't mean that you can't borrow strategies from the big boys," suggests Wendy Dashwood Quick, a personal coaching from Resolution Coaching.

An entrepreneur who possesses strong emotional intelligence, self-mastery and is socially competent with the ability to bounce back after disappointment stands head and shoulders over the competition

"More than ever customers are looking for ethical businesses built on strong foundations," she added. "An entrepreneur who possesses strong emotional intelligence, self-mastery and is socially competent with the ability to bounce back after disappointment stands head and shoulders over the competition."

Dashwood Quick offers the following advice for small business owners:

These and other resources can be found by visiting www.resolutioncoaching.co.uk [1]


Source URL:
https://www.newbusiness.co.uk/articles/starting-a-business/how-give-your-business-a-boost