bdc

 

Today can be a challenging time for many businesses especially locally for mining supply companies.

Cora Lee Ratcliffe is the Business Centre Manager for the Business Development Bank of Canada.

She says they have a checklist of 5 ways that companies can stay in the game in challenging times.

The list includes innovation, creativity among your employees and listen to your customers,

Ratcliffe says investments in your business are important too.

She cites a recent company that spent some money to make money and the bank helped by providing cash flow by upgrading the company’s product line.

The result she says was the company was beating its competitors in sales because it was more efficient.

Also on the list is a realization that there’s no magic quick fix but companies can move ahead in small increments at a time.