READER’S POLL: Do You Have Systems for Evaluating the Discontinuation of a Product or Service?
Business owners must be adaptable and creative to keep up with consumer trends, changes in business, and the demands of the economy. Sometimes, that means discontinuing a product, service, or market offering. But it may not always be easy to decide when to cut a product offering. To make the correct decision and effectively execute it, you must have the proper systems in place. Do you have systems in place to evaluate whether to drop a service or product? See how you stack up compared to your peers with this month’s reader poll.
Do You Have Systems for Evaluating Whether to Discontinue a Market Offering? |
Thank you for participating!
For those who said they have systems in place, great job! You’ve positioned yourself to be agile when your business needs to make a quick decision. However, you’ll need to remain on top of things to ensure that your systems are up to date and effective across all market offerings.
For the rest of you, we encourage you to take some time to work on this area of your business. To help with this next step, we recommend starting by reviewing our quick guide to determining how and when to discontinue a product or service. If you require additional help in developing a system that works for your business, one of our trusted advisors is always available.
As always, the Financially Simple team is happy to help you review the product offerings in your business. We’re here to help you succeed. Let our team’s experience work for you!