How To Grow Your Business In One Year

Some of you might really be struggling with this conception at the minute, and it’s one of the reasons why we want to talk to you. Growing your business is something that’s either going to happen really easily for you, or it’s going to be something that you find yourself pulling your hair out over… every single day. Because what do you soon learn about business and the way it works? It’s that if your business isn’t growing, then something must really be going wrong somewhere down the line. This is the common thought that so many company owners have, we just know it is. Because growth also signals profit, and profit is also the one thing that company owners are looking to brag about. So if you’re going to try and grow your business in one year, you’re going to have to try and think about ways that you can grow your business at a bit of a rapid rate, and there’s only one reason why we’re going to push for this. Because we know that if your business is growing at a super slow rate, you’re going to suffer both mentally and physically. It’s so easy to let your worries get in the way of actually running your business. Not only that, but as the months go by, you’ve still got people who are creating the same sort of business as you, trying to do what you’re doing! So, here are our top tips on how we think you can grow your business in one year!

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Start At The Bottom

If you want to grow your business, you really are going to have to start at the bottom, and work your way up to the point where you feel confident that you know everything about your business. If you know everything about your business, and you focus on the way that it works and what makes it function, you’ll gain a better understanding of what your business needs to keep moving forward. You wouldn’t believe the amount of business owners who just don’t have the first clue about what actually goes on in the day to day running of their company, especially the ones that are a little more established with their own employees. And do you want to know who are the first to complain about this, the employees who are on the front line, trying to do all they can to do their job with little guidance, only negative criticism. Even if your business isn’t like this, we just thought we would open your eyes to the issue, so that hopefully your business never becomes this! But when starting at the bottom, it also gives you a chance to go through your business with a fine comb, and think about how you can change the areas of your business that need it the most. You might be able to compare your marketing efforts to your competitors, and step up your game. You might be able to re-evaluate your prices that you charge, make a better price, and bring in more customers through that route. The possibilities are endless when you really get thinking about what your business is doing wrong at that time.

Change Your Tactics

You might definitely need to change your tactics, and a lot of that will come from going through your business, and starting with the basics like we listed above. But there are some tactics that you won’t have thought about changing before, and these are the ones that we think will make a real difference. The biggest tactic that we want you to change, is your sales tactic and how you engage with the customers that you have. So many companies get this wrong, and it really does reflect when trying to push for growth. You have to be that company that masters the art of being in someone’s face, as well as letting the customer come to them. It’s all about subtle marketing and sales techniques. One a month email marketing to bring customers in, or at least keep your company fresh in their mind. Then, when they do buy a product, you’re going to have to develop a system that recognises if they’re a returning customer from some time ago, and offer them a discount. It’s the best way to keep returning customers interested for longer. The same goes for a new customer. If you receive good quality service, a great product, and a discount at the end of it, that company instantly sticks in your mind, and it’s going to be so much easier to make money from those customers who were just so delighted with their experience.

Think Of The People Who Mean The Most

The people who mean the most to your company, are often the ones that spend their time getting ignored the most. Their views are inferior to yours, and that’s the way it goes with most companies . You wouldn’t believe the amount that have absolutely terrible reviews when it comes to their employees and how they treat them. But you have the chance to be different, and you have the chance to talk to your employees who will most likely know the way that your business runs better than you. They’re the ones doing all of the manual work, and finding all of the struggles of the working day. The struggles of the working day are the things that could easily help to grow your business. They highlight the issues your company is having, and how you can streamline the working day to get more done. Not only that, but you really need to look after them in other ways too. Many companies don’t offer privileges such as telehealth, which is a comprehensive package that you could introduce. It’s a little perk that gives your employees excellent level of healthcare paid for, which can really get expensive for your employees over the year. It just makes the role so much more attractive, and allows you to attract better employees to work with you!

Quick Growth Tactics

If you’re looking for a quick growth tactic because you really are in a struggle, and you feel like your finances are on the low side, then there are a few things that might work in your favour. The first, is to push a ton of money into the marketing side of things, especially into doing something like an event or conference. The exposure you’ll get from things like this will just be so good, and you’re showing your business in the best light that you possibly can. You’ll interact with people that you might not have been able to before, and you should be able to watch your sales sky-rocket. Other than you, you can also try all of the other marketing techniques that are available, but make sure you’re increasing your spending on them. The more you put in with a reliable and top end companies and the more you’re going to get out of it!

Looking Out For The Pitfalls

There are definitely some pitfalls that you need to look out for when it comes to trying to grow your business, and the top is the money one. It can be easy to get carried away with trying to invest the most into your business, but get nothing out of it! Make sure you’re always in touch with a financial advisor to guide you before you make any big investment ideas, whether it be money you’re putting into your business, or money that you’re taking out of it!

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Is Your Business The Kind People Want To Work For?

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In business, you spend so much of your time trying to make sure that customers and other people in the public will approve of it, that it is all too easy to forget about the people inside it too. Actually, these people are possibly even more critical in many ways, and you need to make sure that you are keeping them as happy as possible at all times. One of the most important reasons that you need to do this is because you need to know that you are always going to be able to hire people to work for you. So, as it currently stands, is your business one that people will generally want to work for? And if not, do you know what you might need to do to try and make it so? Let’s look at some of the steps you could take to do just that.

Make It Safe & Secure

Your employees need to know that they are safe and secure when they work for you, and this is probably what takes precedent above all else in fact. Of course, there are many things you will be able to do to make sure that you are keeping your business safe and secure, and so long as you are doing those, you will find your employees are happy with that. This is as simple as getting a security team in house, making sure you carry out cctv installation whenever necessary, and generally taking whatever steps you can to keep out intruders. But it’s also about preventing the likelihood of fire and other disasters, which in turn means training your staff themselves to be able to deal with that. It’s pretty involved, but it’s necessary to ensure that your staff are happy working for you.

Pay Them Well & Fairly

Pay is obviously a hugely important thing for all workers, and you have a duty to make sure that you are paying your people as well as you can afford to. You need to of course pay them at least a minimum wage, but you should aim to pay them more than that if you can and to give them a pay raise at least once a year. You will also need to make sure that you are paying them fairly, which means equally for the same job, same experience level and no matter who they are. As well as being a moral and legal responsibility, it is also essential in keeping them happy. By paying well, you will encourage others to want to work for you in the future, so it is in your own best interests too.

Be A Responsible Business

Generally, people also want to know that the business they are working for is a socially responsible one. That means that you have schemes in place to be as environmentally friendly as possible, that you are socially aware, and that you are acting in a manner which is fair and good for society. If people feel that you are doing that, they will be considerably happier to work for you, and you will find that you have potential employees coming to your door in droves.

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