Small businesses need to expand in order to keep up with larger firms. Although many businesses believe cutting to grow doesn't work, it may help a small organization. Chris Brogan, the president of Human Business Works, wrote about his experience on American Express' Open Forum. Like many new business owners, he believed that he could do everything at once, but was utterly wrong when his business began to turn south. Assessing the situation, he decided he needed to make some changes in order to survive. Cutting unnecessary facets on the internet can actually improve online marketing for small businesses. If assets are being used to maintain social media sites that do not attract customers, some other aspect of the business may weaken. Organizations should always assess their online presence before determining to make the cut, the news source reported. Improving business efficiency within organizations that are owned by individuals who have never maintained a company before can start by making small cuts and focusing on a limited number of assets. According to the U.S. Census Bureau, more than 63 percent of businesses are owned by individuals new to the field. Taking advice from experienced business owners can benefit a small business greatly and help improve its competitive edge. |