Taking Your Business to the Next Level

were openMany business owners make the mistake of thinking success, once reached, is the pinnacle of their career and all they need to do now is sit back, relax and enjoy the benefits. Sadly, in this cut-throat atmosphere of modern enterprise, it is necessary to look forward to ensure your company’s continued success. Here are a few things to consider when taking your business to the next level:

Consider an Expansion

If your business is starting to feel a bit cramped and customers and staff are falling over each other, it might be time to consider a move to new premises or a building expansion. Understand what additional space you need and plan for it. It might be cost effective to create the additional room you need not just for now but into the future. You may also be able to save on expenses by trying to limit outside contractors. Consider hiring Hyundai construction equipment and doing a bit of DIY renovations.

Give Customers What They Need

Your business is destined to fail if you don’t have a solid customer base. A customer is someone who does business with you once or once in a while. A client is someone who not only keeps returning but acts as promoter by bringing others to your business door. The aim is to turn your customers into clients. To achieve this, you must anticipate your customers’ needs and ensure your service meets their expectations. By all means, give them what they want but also give them what they need.

Dare to Be Different

To really have an impact in business, you have to be different from your competitors. Doing things the same as everybody else isn’t going to attract new customers. Being different and offering improved services and products will encourage new customers to give you a go. Once you have them, it shouldn’t be too difficult to keep them on board if your service is top=notch and unique.

Strive for Excellence

Too many business owners put all their efforts into ensuring the high-profile activities are the best possible, often ignoring behind-the-scenes work that might not ordinarily come to customers’ attention. This is a mistake. Skimping on the little things can sometimes have a flow-on effect and cause issues in your sales or customer service areas. Always strive for excellence in everything you do.

Treat Your Staff with Respect

The staff are always the number one asset of any business. They are the public face of your company and are always the first person a customer meets and often the last. A good and happy staff will give the impression of a successful business that is going places. They are also often the reason customers continue to return and become clients.

As you work through your day, keep a diary and note the things that are working and those that are not. With a few corrections, reorganization and perhaps expansion, you will be well on track in taking your business to the next level.

 
About Holly

Holly Johnson is a wife, mother of two, and frugal lifestyle enthusiast. She is the co-founder of Club Thrifty and a staff writer at Get Rich Slowly, Frugal Travel Guy, and U.S. News and World Report's "My Money Blog." Holly has been featured in the Wall Street Journal, Kiplinger Personal Finance, Fox Business, and Daily Finance.

Comments

  1. Sometimes you need to just look at your product or service. I took a hard look at what I do and made some changes. It seems to be paying off with more viewers.
    krantcents recently posted..How to Buy Income PropertyMy Profile

  2. I think being willing to look outside of the box is key. Just because you’ve always sold widgets doesn’t mean that’s all you can/should do, you know? There might be another product you can produce/sell along with your widgets that you haven’t thought of.

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  4. My in-laws before had a small business with only 1 photocopier machine and 1 type writer. They take a risk, they loan in the bank for the capital. They renovate their place, bought computers and photocopier machines, they even had started a small restaurant.
    Marie @ My Personal Finance Journey recently posted..How to Handle Friends Who Make More Money Than You DoMy Profile

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