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Our special feature on forecasting sheds light on how to choose the right model, offers advice from Jack Stack and more.
Get startedWhether you sell to consumers or businesses, the key question to ask your prospective buyer is: "What has fundamentally changed that it would be unwise to make an investment now, during the slow season?"
Much of my extended family comes from a farming background. In North Dakota, farmers are forced to deal with the cyclical nature of the seasons and their own personal economic conditions. They work from sun-up to sun-down during the planting and harvest season. During the winter, farmers have plenty of time to relax, but they also make absolutely sure they've prepared for the coming Spring, when life gets busy again.
They research new opportunities, order seed, install new fencing, and repair equipment. How short-sighted would it be for them to say, You know, we talked about buying that new tractor we need, but it's sure snowy and cold now - maybe Spring won't come this year. Let's save our money. I'm sure it's not news to you that Spring comes every year! The farmers who have prepared and have planned reap the greatest rewards.
Part of the problem for us city-dwellers is that we've become very disconnected from the seasons, and the cycles of life. We sit in our air-conditioned (and alternatively heated) offices and think we can control our destiny. We're Type-A personalities and we can make things happen!
Is it realistic to think you can plan a business that will have no rainy days, no snowy season? Year-after-year exponential growth is what shareholders want to hear, but is it realistic? What gets companies (and people) in trouble is when they don't save for a rainy day. You, as a seller, also need a plan to sell during the slow season.
Want some "rainy day" marketing strategies? Here are five ideas to get you started:
Spring is coming. Walk into your sales opportunities knowing that smart businesses (and smart consumers) will prepare for the rebound of the economy by building better processes, taking advantage of great sales, and getting a competitive edge. There's a purpose for every season.
Have a New Year's Resolution to cut costs?
Get a head start with our latest crash course, Cutting Business Costs.
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