Being Nimble And Strategic Helped This Entrepreneur Overcome Business Obstacles

  • 📰 ForbesWomen
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

A key characteristic of successful entrepreneurs is the ability to pivot, to be flexible when faced with challenges, whether those challenges come from a high customer concentration or from a pandemic.

"I wanted more control of my financial future," said Bowman."I wanted to push myself and use all my strengths." She chose to buy a business rather than start one from scratch.

One of the disadvantages of buying a business is that you may not know the company's weaknesses before you purchase it. Little did Bowman know that 70% of Southprint's business came from just three customers. Bowman got to work rebuilding Synergetic Media's client list. No matter how small, every client was treated like it was the company's #1 customer. Small customers grew in size and new customers were brought in.

Bowman credits her better-than-average performance during the pandemic to learning how to be nimble when her top three customers reduced spending dramatically during her first year in business.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 477. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Save on Microsoft Office and Chris Haroun finance classesThis training is ideal for entrepreneurs and small businesses
Source: TheStarPhoenix - 🏆 253. / 63 Read more »

'Business as Usual' consulting program is helping more Hoosiers become an entrepreneurThe pandemic and the shifting economy have inspired many Hoosiers to become their own boss. One woman is helping others along the path to entrepreneurship.
Source: wrtv - 🏆 598. / 51 Read more »

Teen entrepreneur shares sweet success story behind her multi-million-dollar lemonade business17-year-old Mikaika Ulmer shared the secret behind her lemonade business' success and offered advice for young entrepreneurs on 'Fox & Friends' early Tuesday. TeamCavuto I would vote for Desantis if Trump were not running.
Source: FoxBusiness - 🏆 458. / 53 Read more »