How Your Business Can Survive a Major Drop in Customers Posted on April 20, 2020November 9, 2023 By Leigh Langston It happens to almost every business: You enter a period where, for one reason or another, you simply have a drop in customers. These can be frightening moments, but they can also be opportunities because they can force you to reexamine your business and better determine ways to grow stronger and make more money. There are plenty of ways for your business to survive and to thrive when there is a lull in customers. Here are three such examples. Lower Your Stock Cutting your overhead is one of the ways that you can survive a slow time in your business. In many cases, this may mean lowering your stock and making sure that you are spending less money when you don’t have to. This is something that requires forethought and planning because you never want to lower your stock too much and risk not having enough for customers. However, lowering your stock on hand can help you adapt to changing circumstances. It can also potentially help you realize that you can survive with less stock than you ever thought you needed. Reduce Expenses Reducing expenses can help you save money. This can be done in a number of ways, including cutting back on supply purchases and reducing staff hours. Remember, lowering your business overhead doesn’t have to be painful, and can actually improve how your business operates. Reducing your expenses can focus you to refocus your business on its greatest strengths and ensure that you are concentrating your resources in the most profitable areas. Shift Modes of Contact and Delivery of Services If the coronavirus has taught us anything, it’s that businesses have to be nimble. Many businesses are now no longer able to have open stores or access to all the workers that they need. As a result, many are shifting to drive-up or appointment models, they are resorting to increased delivery of products to avoid crowds, or they are offering stay-at-home orders. Regardless of the coronavirus, your business may be able to draw inspiration from these tactics, and there may be ways that you can shift how you do business in order to reach new customers. Lulls in customers happen to almost every business. They are unfortunate, painful, and anxiety-inducing, and they can potentially be fatal for your business. However, remember, you are never powerless as a small business owner. You have the opportunity to use the lull in customers to refocus your business and to concentrate on ways of making it stronger in the long run. Here’s another article you might like: 4 Marketing Tricks That Can Help Any Black-Owned Business Succeed Like this:Like Loading... Related Discover more from Dangerous Lee Publishing Subscribe to get the latest posts sent to your email. Type your email… Subscribe News delivery serviceshow to grow your businesslowering stockreducung expenseswhat to do when you lose customers
Beauty & Fashion The Glamourina Culture Collection – Apparel for Culturally Conscious Women Posted on February 19, 2019February 5, 2024 The Glamourina Culture Collection, an afro-inspired activewear lifestyle birthed in the culturally diverse melting pot of Washington D.C., is poised to change the athletic industry with their unique tapestries and blends of melanin inspired vibrations. With apparel for the culturally conscious woman requiring representation, Glamourina’s mission is to restore the… Like this:Like Loading... Read More
News #BlackGirlsMatter: Stop Choosing Pop Culture Over Black Women and Children Posted on January 24, 2019November 19, 2022 In a time when sociopolitical climates are supposed to be progressive and forward-thinking, it remains stagnant, if not regressive on an express track to a complete disregard for Black women. The premiere of the six-hour docu-series “Surviving R. Kelly” has been eye-opening in just how little support and protection Black… Like this:Like Loading... Read More
Beauty & Fashion Mom and Daughter Team Up, Launch Black-Themed Backpacks and Handbags to Inspire People of Color Posted on November 8, 2021April 23, 2025 Chrishonda Benson from Charlotte, North Carolina wanted to show her daughter that her brown skin and bold features are beautiful, so she used the representation gap in the retail industry to create Pretty Dope Society, an extensive collection of products that incorporates the illustrations of Black artists. Since October 2020,… Like this:Like Loading... Read More