The U.S. is reportedly experiencing a “surge” in inflation. But what does that mean for your business?
With growth, businesses thrive; without evolving, they can’t even survive. Growing net new is important, but especially now, when consumers are more hesitant, we’re all reminded of how important it is to keep your current customer base intact. It’s crucial to have a customer retention strategy in place in addition to your plan for growing net new. Considering it costs at least 5x more to acquire net new customers than to keep existing business, it begs the question, are you focused on retaining current customers? Are your current customers aware of the breadth and depth of your service offerings? What do you offer that can help them succeed?
Update: Thanks to the new Tax Cuts and Jobs Act of 2017 signed into law in December, the Bonus Depreciation amount is now 100%, is effective for equipment/software placed in service on or after September 28, 2017, and includes used equipment. Simply make your purchase and enjoy your huge tax deduction and savings! Find out how Bonus Depreciation eclipses Section 179.