7 Tips for Growing a Small Business
A Business Plan - Rainbow of Success
A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them.
Embrace a “List Making” Lifestyle. It will Improve Your Mindset
Procrastination is our enemy!! Don’t be controlled by fear! The way to a successful business is going after what you want? Your success is in your hands.
Make a list of services or products that bring out your emotions. It all comes down to how you look at your talents and what you are passionate about and make it into a business. The solution is, to take control of that intelligent mind that is within you, and be the master of your domain. Transform that passion into a money making, successful business. – believe in it, imagine it, and breathe that passion.
- Value and Motivation
Make a list of ideas that represent your talent. Get the real scoop. Learn as much as you can about that service or product.
Make a list of sites. With a featured sign that is clearly noticeable, you can easily get the comparable results as a classified ad, flyers or a billboard. How secure your establishment is to get to can make or break a visit from potential customers.
Consider what you will need and overhead costs; be its office supplies and furniture, technology, transportation, vendors and so on. Make a list of where the startup money can come. How much you need.
Make a list of what your business needs to prosper; be it type of employees, days and hours of operation, accountant system, lighting, and parking.
Without continual growth and progress, such words as improvement, achievement, and success have no meaning.— Benjamin Franklin
Build a Team that can Operate Without Supervision
A team that helps markets the business. Hire people with good attitudes, leadership qualities, and visions. Hire people that can interact with customers and clients. I believe that once you have found the right people, you should keep them, so they can grow with your business and, in turn, help your business grow.
Your business is your problem and change can only start with you. Sometimes changing strategy will generate new business and keep regular customers and clients happy. Don’t let pride get in the way. When you are clueless and running on fumes brainstorming outside the box is where your team comes to the rescue.
No matter the situation, never let your emotions overpower your intelligence.
When you form a team, why do you try to create a team? Because; teamwork builds trust and confidence build speed.— Russel Honore
Don’t let Your Frequent Customers and Productive Employees Abandon Ship
You have to invest in keeping your team players that contribute to your business. If you let go of critical employees, your business will not be able to move forward. Make them feel special because they are indeed special. Their ideas and concerns matter. They are key players and help promote your business.
A Savvy leader keeps the company out of the red, works within a budget, keeps up with the competitors, doesn’t lose ground, has a business plan, adapts with the economy, make achievable goals and wise investments in marketing efforts.
Taking a great new idea with an entrepreneurial team that wants to create something significant and trying to build a real company is what is interesting.— Brad Feld
Sell Yourself! Sell Your Products and Services
We live in a world of instant gratification, which often includes the effortlessness of purchase for many customers/clients. Let your passion shine, and potential buyers will see that. Make sure every buyer has an excellent “customer experience,” the root in which they evaluate their judgment of your business’ customer service. If they aren’t satisfied or content, then the chances of them shopping from your business or acquiring your services again totally decreases.
Be a smart business owner and regularly reevaluate the business as a whole. Consider hiring a business consultant/marketing agency when your business needs new perspectives and strategies to help your business move forward. Sometimes a company just needs an expert to analyze the business to see why it’s not getting new revenue.
We should look at "good luck" and "bad luck" as opportunities.
- "People often remark that I'm pretty lucky. Luck is only important in so far as getting the chance to sell yourself at the right moment. After that, you've got to have talent and know how to use it." Frank Sinatra
- "We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure creates a foundation for long-term growth." Roger McNamee
Capture Your Experiences
What’s good about an experience is we can recognize our mistakes every time we repeat one. We all have attended the school of hard knocks. We all failed tests and have learned a big lesson. More times than not the tests repeats. However, we sometimes give excuses that we wouldn’t accept from anyone else.
To become prosperous, we must not let it rain on our parade and end up in the mud.
- Learn and grow from mistakes.
- Learn from setbacks.
- See the big picture.
- Welcome challenges
1. direct personal participation or observation; An actual knowledge or contact.
2. a particular incident, feeling, etc., that a person has undergone: an experience to remember.
3. accumulated knowledge, esp of practical matters: a man of experience.
4. the totality of characteristics, both past, and present, that make up the particular quality of a person, place, or people
5. the impact made by an individual by the culture of people, nation, etc.: the American experience.
6. (Philosophy) Philosophy - the content of a perception regarded as independent of whether the apparent object exists.
7. The faculty by which a person acquires knowledge of contingent facts about the world, as contrasted with reason.
8. The totality of a person's perceptions, feelings, and memories
9. to participate in or undergo
10. to be emotionally or aesthetically moved by; feel: to experience beauty.
Free Marketing Advantages
Location and hours of operation make all the difference for your business! Be persistent in the work hours. Take advantage of a busy highway. Have an open house; send invitations to everybody you know.
Every business rises or falls on how its employees interact with customers. Be polite and courteous to everyone. Don’t lose heart. Become a master salesperson. Word of mouth is the best “free” advertisement.
Everywhere you shop, watch the salesperson (car salesman, waitress, banker and so on). How did that salesperson make you feel? Everywhere you go, you will always find someone selling something to somebody. Take notes accordingly.
Get a mentor. Someone who will tell you like it is.
Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire.
Business is the art of extracting money from another man's pocket without resorting to violence.— ~Max Amsterdam
© 2017 Rosa Ann Crowder