A new national poll out February 1 finds that small business owners are most concerned about weak customer demand for their products and services, while reducing government regulations...
If you’re a small business owner with a limited marketing budget, Staples is offering you the opportunity to win up to $50K worth of local cable television airtime and $500 in Staples Copy and Print or Staples Easy Tech™ services. All you have to do is submit a 15-second video about your company on
The National Small Business Association (NSBA) released its annual 2011 Year-End Economic Report on Wednesday. The report shows that small business owners are the most optimistic they have been in a quite a while...
Are you living the American Dream by owning your own business? Is your business doing well but you now need to grow? Maybe you aren’t seeing the returns on your business that you thought you would have when you first opened. Maybe you decided to open a home-based business after being laid off or fired? Maybe all you need is some growth ideas to blow up like nitro.
If you’ve already mastered the basics like providing top-notch customer support that can create word-of-mouth buzz about your business and you have a solid business plan in place, what you might need is to employ some strategies that can grow your business in ways you might not have thought of yet.
Below is a list of sure ways to set your business off like a firecracker in Q2 of this year and beyond.
Expand on existing products and/or services to fully maximize the market potential for what you already sell. After all, offering a wider selection of what your customers already like is a proven way to increase revenue.
Developing new products and/or services from your existing base is a way to increase both your revenue and your market share. You can even survey existing customers asking them what they would like to see added to your existing platform of offerings.
Employ new ways to increase the sales of your existing products and/or services. Think of possibly adding on a new sales person, a freelancer, an intern, an independent contractor or even a family member to help you out. If you’ve been wearing all the hats you might have been missing hours per day that could have been better suited selling rather than doing other tasks.
Development and deployment of new technologies to aid in how you interact with your customers can do wonders. Sending out emails, newsletters or adding a blog to an existing web site can all help increase revenue. Also, consider opening a merchant account so you can accept more forms of payment.
If you haven’t built a web site in today’s market you can’t afford not to have one. This is one place you can expand your reach to a global market place with not much expense to get up and running.
Think about offering your business as a business opportunity, distributorship, licensee opportunity or even as a franchise. By doing so, you can duplicate your existing efforts and create multiple revenue streams that will work hard for you in the coming months and years.
If your business is highly specialized and you feel that you’ve tapped your niche, try to think of new customers that can correlate to your existing ones in new market sectors. This can be a surprisingly rewarding exercise.
If you partner with a company or person in a related industry or maybe even within your own industry that you don’t directly compete with, you might create a synergy that can boost your bottom line quickly. This can be one of the least expensive and most effective ways to grow your business.
Remember, if you do nothing to grow, then most likely you will receive no results in return. Know your products, know your services, know your customers wants and needs, know your market sector, know your industry and always try new things to grow your business.
An unknown author once said that, “In the absence of clearly defined goals, we become strangely loyal to performing daily acts of trivia.” And boy is it ever true, especially if you work from home each and every day where it’s far too easy to get distracted from the job at hand and do something other...
So you think you’re organized? Maybe that’s true of your dusty, messy desk that you cleaned up just the other day. Windex, Pledge, a few file folders and a shredder can work wonders, it’s true. However, have you given the same degree of thought to organizing your time?
Getting added value out...
According to the U.S. Small Business Administration, your chances of making it in business for five years or more are roughly 50/50. Okay, so the odds could be better, but they could be a whole lot worse too. As is true with so many things in life, much of how you perceive your odds depends on your...
You’d like to own your business, but you don’t have an MBA. Does this mean you’re making a bad move? Not necessarily.
Earning an MBA appears to be the “thing to do” right now as more and more college graduates opt to continue their education by enrolling in business school. Additionally, more professionals...
If you’ve ever operated a home-based business opportunity or even a large franchise you know that setting goals is critical to gagging your success. Setting goals should be an integral part of your overall business strategy from the very first day. Taking advice on what those goals should be can be...
Having known from the time he was a teenager that he wanted to be a business owner, Steven Dale is the founder of Blind Brokers Network. “It’s all I dreamed about,” he says. “I started my first real business at the age of 16 in my parent’s garage manufacturing after-market plastic parts for cars. And...
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