If you’re like most of the Recruitment or Search Business Owners I speak to… There are three major threats to your business profits that you need to be aware of….
1. The cost of bringing in new clients
The 1st big threat to your business is the rising cost of bringing in new clients….
Like it or not, marketing and client attraction is becoming more and more expensive…You have to work a hell of a lot harder than you used to, to actually attract clients into the business…
Meaning more hours, and more money invested in getting in front of the right people.. But STILL not always getting the results you need to take your business to the next level.
2. Spending Reluctance
The 2nd big threat to your business profits is your clients and your potential clients reluctance to spend…
You see… Your potential clients are more careful with their money than they used to be…
Meaning that even when you do get to speak to the right people, you face another uphill task actually convincing them to spend their money with you…
3. Price Pressure
The third big threat to your business profits is a little something I like to call “Price Pressure”…
With more Recruitment & Search Businesses entering the industry… The truth is, no matter how you look at it, the list of competing leaders in your market is growing at a rapid pace and it doesn’t look like it’s going to be slowing down anytime soon.
Because of this, you can feel like you’re being forced to lower your prices or keep your prices low, in order to win the business…
Unless you do something about it…. These three threats combined will slowly drain your profits, stunt your business growth and limit the amount of cash you’re able to take out of your business every month…
But enough of the doom and gloom, because there is good news…. There’s always good news…
Although we can’t stop these three threats per se, because they’re always going to be there is some form or another.
You can protect yourself against them
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