Unfortunately, we just came out of a long growth trend where business was easy to acquire, repeat business was plentiful, and one could coast, catching a wave and riding it into success. Yes, you promoted, advertised, had brokers... but the demand kept you high and dry. It was a time of plenty and we got used to it.
This is no longer true. You cannot maintain the same low intensity efforts and expect to get the results you used to get and now need... desperately. The days are hard and many have gone bankrupt, loans have been defaulted and loan workouts is no longer an option but a must.
It is a simple concept. You must turn over every stone, call back every satisfied client, keep quality high and pricing reasonable---the customer base must envision exceptional perceived value from your goods or services. Your job is now a relentless pursuit of new business and the satisfaction of repeat customers.
Relentless Pursuit!!!
Every call must be returned, every opportunity for additional revenue must be followed up on. There is no time for slacking off and the energy must be aimed at income production. Keeping busy internally--e.g. keeping busy supporting your five largest customers (while also very important)--is inadequate to carry the day.
You must think of ways and implement new and different methods to capture additional revenue. This is your objective. This, along with reinventing your business and loan workouts are your path to survival and then emergence as a leader and a success. This is the way---relentless pursuit of additional revenue, new clients and active support of repeat business.
It is no longer effective to just be a follower, you must become a leader. You must reinvent yourself. You must innovate, be creative, and go out and bag your business. You cannot wait for it to come to you or you will lose. It makes little difference and what worked a year ago does not mean would work always. It is a new age, a new business arena, and only the aggressive, innovative pursuit of business will result in survival. You can no longer wait for it to arrive on your doorstep. Those days are gone. Move forward, get your goals and move again to the same direction. There's no turning back.
Yes, if you are not going forward, you are going backward. There is no neutral, holding your own, maintaining. There is either growth or decline. Growth comes only with relentless pursuit.
Do it.
Published by Don Todrin
Donald Todrin is the CEO and Founder of Second Wind Consultants, Inc. who specializes in SBA Loan Workouts, business debt forgiveness and solving difficult business problems in general. Don has authored... View profile
- SBA Loan Default: Do Not Water Down Your Mission, Specializing WorksA Don Todrin article on SBA Loan Default - If Ray Krock, the founder of McDonalds, had expanded his fast food concept to serve pie, and meatloaf, fish sandwiches, soup, etc., he would have been a diner;
- SBA Debt Forgiveness - Landlord Release: A Possible BenefitA Don Todrin article on SBA Loan Default - Frequently, the banks require a landlord release to support a loan to be made to the borrower / tenant. Usually landlords resist this, as it is certainly not to their advantage
- SBA Debt Forgiveness: When You Have a Minority Ownership of Real Estate, when in D...A Don Todrin article on SBA Loan Default - It happens frequently, you go into default on your primary SBA guaranteed loan, or any secured bank loan, and when the bank examines your financial statement and tax returns
- Our SBA Loan Default Workout Guaranty: We Will Never Have to Pay it Out!A Don Todrin article on SBA Loan Default Workout - Our guaranty is a direct reflection of our success. In short, with the appropriate support from our clients including adequate financial strength
- SBA Loan Default: There Are Three Things that Cannot Be Hidden: The Sun, the Moon...This article by Don Todrin of Second Wind Consultant discusses issues pertaining to SBA loan default, SBA loan workout and the best business rule we can all get behind and follow.
- SBA Loan Default: The Single Most Self Destructive Force in an Entrepreneur's Life
- SBA Loan Workouts: Fifteen Months, 3 Lost Sales, and We Are Just Now Getting Someo...
- SBA Loan Default: Business Decisions Are Exactly That, Not Moral or Ethical Issues
- SBA Loan Workout: How Lawyers Sometimes Inadvertently Prevent Business Conclusions
- SBA Loan Default: Please Stop Believing Your Franchisor's Projected Numbers, Do Yo...
- SBA Loan Workout: What Happens to an SBA Loan when You File for Bankruptcy?
- SBA Loan Default: Workouts Are Not a Get Rich Quick Plan
- You must turn over every stone, call back every satisfied client, keep quality high
- Every call must be returned, every opportunity for additional revenue must be followed up on.
- It is no longer effective to be a follower, you must become a leader.



