As the New Year approaches, it’s the perfect time to re-evaluate your business approach. Identifying what works, and what doesn’t, is key to ensuring continued growth and successes year-over-year. Greg Kurzner, president and qualifying broker for ERA Atlantic Realty, stresses the importance of giving your business strategy a refresh, as needed. Greg shares a few tips around how to implement a successful and dynamic business approach in 2016:
- Adapt to changing market trends: Successes of any kind oftentimes come from one’s ability to adapt to inevitable change. That same mantra rings true when it comes to the real estate industry, which tends to be quite volatile: adapting to changing market trends and tweaking a plan on the fly prevents your business from falling behind the curve.
- Know when to jump, and when to stay put: While it is crucial to be able to adapt within the industry, it is equally as important to identify what aspects of running a business owners can expect to adjust without much backlash, and what aspects should be kept constant to avoid negative repercussions from consumers and/or employees.
- Stay profitable: The national economy will always experience ebbs and flows, but it’s important individual businesses stay profitable even during times of economic downturn. Knowing how to spin these times of economic downturn to maintain your bottom line will help to strengthen your business in the long run.
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