14 Dec 5 ways to take your business to the next level
Ask every business owner what they want to achieve and growth will be high on the list. But unfortunately, there’s no magic formula. Growth will be achieved by getting every area of your business performing at an optimal level. Below are 5 keys areas that will help your business achieve growth faster:
- Getting your house in order
A mistake so many businesses make is a lack of organisation. For each major area of your business, including but not limited to sales, marketing, and projects, there are a host of programs that make it a lot easier to track each area in real time and stay on schedule. Define team roles, set targets and manage it all through advanced software.
- Maintaining and growing your network
It’s easy to get bogged down in the day-to-day running of your business. Attending networking events or arranging that dinner with an old client you promised can feel like the last thing you want to do with your evening. But maintaining business relationships and creating new ones is one of the quickest, easiest and cheapest ways to fuel growth. Whether it’s attending an event in person, or maintaining a link with your existing client base through electronic means (e-newsletters, blogs, social media), invest in your networks and watch the new business roll in.
- Improve your team
We know that early on in a business, everyone does a bit of everything. It keeps your costs low. But as you evolve, you begin to realise the areas that eat your time and prevent you from focusing on the bigger picture. Whether you hire a new member of staff, or outsource to a trusted partner, invest in a team that can help you get the job done, freeing up your time to focus on moving your business forward.
- Learning from your failures
There is no such thing as a perfect business. Every business, at every level, makes mistakes. What separates the best from the rest is the ability to evaluate and identify what went wrong, create a solution, and reshape processes so the same mistake doesn’t happen again. For the year ahead, eradicate the problems that keep resurfacing.
- Create and achieve targets
We all need something to strive for and your business is no different. Whether it’s sales per month, or a date for launching a new product/service, make sure your team understands exactly what you want to achieve. When your team is focused on an achievable target, it helps increase motivation and work output. Plus, every small business needs regular wins. Achieving targets you’ve all worked hard for does wonders for staff morale.