My computer service business is in it's third year. It has grown from just me with a handfull of friends and relatives as clients, to two full-time employees and a clientelle list of over seven hundred names. I have built the business from the ground up, always re-investing it's income, therefore have never had to rely on outside investments or loans. The company is stable with close to 80% of our business coming from repeat clients, and the rest from a long-standing yellow pages ad and occasional referrals.
The growth trend seems to have stalled over the last twelve months. The company is covering it's overhead (labor costs, taxes, utilities, etc.) Fortunately, this is a home based business, so it's overhead (minus payroll) is fairly small.
My question is, what can I do to pump up our volume? Is there some magic bullet that will push my comapny to the next level financially? Will I have to go into debt to do it? Any advice, tips, shared experiences would be GREATLY appreciated. I am at a crossroads, and do not know which way to go.
Thanks.
The growth trend seems to have stalled over the last twelve months. The company is covering it's overhead (labor costs, taxes, utilities, etc.) Fortunately, this is a home based business, so it's overhead (minus payroll) is fairly small.
My question is, what can I do to pump up our volume? Is there some magic bullet that will push my comapny to the next level financially? Will I have to go into debt to do it? Any advice, tips, shared experiences would be GREATLY appreciated. I am at a crossroads, and do not know which way to go.
Thanks.
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