How are going to recover and return to previous levels of income. | Vicki McLeod
2020 is giving many business owners a “losing money headache” and plenty of us are wondering how the hell we are going to recover and return to previous levels of income. Here in Majorca businesses are uncertain of the future and following some rather poor “support” from the Spanish Government a lot are angry and feel let down.Now is the time for some to lock up and stop, but it could also be a big opportunity to find other ways to do business. It could be (whisper it) time to collaborate with other businesses. This is a challenging idea for many where collaborating with a business can feel like you are sleeping with the enemy, helping out the competition and doing your own business a disservice, but collaboration can be a great opportunity for all small businesses, regardless of the industry you’re in. Not only will collaboration help you to grow your network and increase revenue, but it can also save you money and teach you something valuable at the same time.
Some of the most successful collaborations are those that bring together different skill sets and strengths, and when this happens you’ll be surrounded by learning opportunities. To get the most from your collaboration opportunities, you need to choose the right partner. Look for companies you respect and who are effective with their own marketing efforts. Choose a partner with similar values and goals to you. And of course, look for companies that complement your own. For example, if you’re a home and lifestyle store, why not team up with the coffee shop next door? If you’re an estate agent, how about connecting with the removals companies, financial advisors, and solicitors in your local area?