Starting a business is tough, especially in this uncertain economy. If you are ready to take the next step in opening a Home Health, Hospice, DMEPOS or any other business for that matter, your best strategy is to first know what you are up against. Anyone who has taken a “Business 101” class knows that roughly half of new businesses close within one fiscal year. But here are a few interesting facts to help shape your business plan:
IT’S 50% EASIER TO SELL TO EXISTING CUSTOMERS.
LEADS WANT A RESPONSE WITHIN 5 MINUTES OF INQUIRTY.
DON’T GIVE UP!
Slowing sales and unforeseen economic/business conditions are the largest challenges businesses face – be it a start-up or an established business. Your best bet is to fully understand the needs of your market, join local associations, and connect in your community. But as the data shows, your number one priority is to be accessible and responsive to potential and current clients.