Best of the Week
Most Popular
1. Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - Nadeem_Walayat
2.Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - James Burgess
3.Gold Price Trend Analysis - - Nadeem_Walayatt
4.The Beginning of the End of the Dollar - Richard_Mills
5.Stock Market Trend Forecast Update - - Nadeem_Walayat
6.Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - Troy_Bombardia
7.Precious Metals Sector: It’s 2013 All Over Again - P_Radomski_CFA
8.Central Banks Have Gone Rogue, Putting Us All at Risk - Ellen_Brown
9.Gold Stocks Forced Capitulation - Zeal_LLC
10.The Post Bubble Market Contraction Thesis Receives Validation - Plunger
Last 7 days
Gold & Silver Corrective Rally is Almost Over - 20th Nov 18
Stock Market Going Sideways - Which Direction is Next? - 20th Nov 18
Technical Analysis Points to DOW 30k Next Target - 19th Nov 18
Stock Market Consolidating in a Downtrend  - 19th Nov 18
Next Tory Leader, Prime Minister Forecast and Betting Market Odds - 18th Nov 18
The Fed's Misleading Money Supply Measures - 17th Nov 18
Stock Market Outlook: Why the Economy is Bullish for Stocks Going into 2019 - 17th Nov 18
NO DEAL HARD BrExit Tory Chaos, Theresa May Leadership Challenge - 17th Nov 18
Gold vs Several Key Investments - 17th Nov 18
GDX Gold Mining Stocks Q3 18 Fundamentals - 17th Nov 18
Is Gold Under or Overpriced? - 17th Nov 18
Active Managers are Bearish on Stocks. A Bullish Contrarian Sign - 16th Nov 18
Will The Fed Sacrifice Retirement Portfolio Values For The "Common Good"? - 16th Nov 18
BrExit War - Tory Party About to Replace Theresa May for NO DEAL BrExit - 16th Nov 18
Aspire Global Makes Significant Financial Strides - 16th Nov 18
Gold Oil and Commodities …Back to the Future ? - 16th Nov 18
Will Oil Price Crash Lead to “Contagion” for the U.S. Stock Market? - 15th Nov 18
How NOT to Be Among the MANY Stock Investors Fooled by This Market Myth - 15th Nov 18
Tory BrExit Chaos Cripples UK Economy, Wrecks Housing Market Confidence - 15th Nov 18
Stocks Could End 2018 With A Dramatic Rally - 15th Nov 18
What Could Be the Last Nail in This Stock Bull Markets Coffin - 15th Nov 18
Defensive Stock Sectors Outperforming, Just Like During the Dot-com Bubble - 15th Nov 18
Buying Your First Home? Here’s How to Save Money - 15th Nov 18
US Economy Ten Points or Ten Miles to ‘Bridge Out’? - 14th Nov 18
US Stocks: Whither from Here? - 14th Nov 18
Know exactly when to Enter&Exit trades using this... - 14th Nov 18
Understanding the Benefits of Keeping a Trading Journal - 14th Nov 18
S&P 500 Below 2,800 Again, New Downtrend or Just Correction? - 13th Nov 18
Warning: Precious Metals’ Gold and Silver Prices are about to Collapse! - 13th Nov 18
Why the End of the Longest Crude Oil Bull Market Since 2008? - 13th Nov 18
Stock Market Counter-trend Rally Reaches .618 Retracement - 13th Nov 18
How to Create the Best Website Content and Generate Organic Traffic - 13th Nov 18
Why the Stock Market Will Pullback, Rally, and Roll Into a Bear Market - 13th Nov 18
Stock Markets Around the World are Crashing. What Not to Worry About? - 12th Nov 18
Cyclical Commodities Continue to Weaken, Gold Moves in Relation - 12th Nov 18
Olympus Tough TG-5 Camera Stuck or Dead Pixels, Rubbish Video Auto Focus - 12th Nov 18
5 Things That Precede Gold Price Major Bottoms - 12th Nov 18
Big US Stocks Q3 Fundamentals - 12th Nov 18
How "Free Money" Helped Create Sizzling Housing Market & REIT Gains - 12th Nov 18
One Direction More Likely for Bitcoin Price - 12th Nov 18
The Place of HSE Software in Today's Business - 12th Nov 18

Market Oracle FREE Newsletter

How You Could Make £2,850 Per Month

You Need These Five Tips to Grow Your Business Quickly

Companies / SME Nov 02, 2018 - 03:47 PM GMT

By: Dylan_Moran

Companies

Every entrepreneur starts a business with one common goal in mind: growth. The world loves a good success story, after all, and building a business from scratch and growing it into an empire is definitely one of the most interesting topics out there.

Business growth, however, doesn’t happen overnight. In fact, it takes a great deal of time, effort and money to take your business higher. The good news is, it can be done. The better news is, you have these five tips to get you started:


1. Get your head in the game.

To be successful in business, you must think like a businessman, and one of the best ways to get your head in the game is to always stay on top of what is happening in the industry. Read blogs like Chad Focus, watch videos of CEOs talking about their craft, buy business books and magazines, and attend conferences and summits. Growing a business is an entirely different battle and you must be mentally prepared for it to succeed.

2. Invest in your most important asset: your employees.

Before you start thinking about growth trajectories, make sure that you have a solid team to help you get to that stage first. Hiring the right people is very important because it gives you the security of a workforce who will help you do what needs to be done to grow your business quickly. And as what Richard Branson always says: “take care of your employees and they’ll take care of your business.” Your team is your most important asset because they’re the ones in the frontline and they probably know more about the in-betweens of your company than you do. Once you value them, they’ll give more than what is asked for and help you achieve growth sooner than expected.

3. Take care of your customers.

A lot of companies may not have the biggest marketing campaigns, but they’re popular because of their customer service. If you want to grow quickly, understand your customers and offer them solutions that suit their needs. Give them a good experience whenever they’re at your store and be available whenever they have questions or complaints. One satisfied customer can bring good recommendations to your brand, an effective marketing strategy that you’ll never have to pay for. So, make your customers feel special and they’ll surely return the favor by helping you grow your business.

4. Mitigate your risks.

Growing a business will always come with risks because it’s impossible to control everything. But there are ways to mitigate these risks, one of which is to invest in good insurance. Make sure that your insurance covers more than just the common situations. It has to include coverage for losses incurred by data theft and information breaches. You should also review your polices before expanding your office and equipment, developing new products or increasing your market reach to ensure that whatever happens, you have something to fall back on.

5. Be flexible.

The market is changing so quickly these days and if you want to expand your business, you need to be flexible enough to switch directions to respond to changes. Flexibility can take you a long way because you’re able to test different ways to operate your business and determine what works best for you. There will be failures, but if you allow yourself to grow in those failures, you’ll surely be wiser as you take your business to a bigger arena.

Of course, you can’t forget about the importance of always thinking ahead. If you want to grow your business quickly, you should start planning for your next steps now. It’s also very important to anticipate all possible scenarios and create a game plan around them so you are ready if they happen. This is one of the best ways to secure your business as it evolves.

In the end, growing a business is like planting a tree. You should build a strong foundation first, nurture it with the right strategies and watch it grow. Once you have a good foundation in place, it will not be difficult to adjust during your growth because you already have most of the hard work done.

By Dylan M.

© 2018 Copyright Dylan M. - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in