These are 5 steps to grow you small business:
- Review your business strategy - Regular evaluation of your marketable strategy empowers you to measure your business progress. Are you achieving your objectives? Reevaluate where you need to be this time one year from now and choose how you'll arrive, involve workers if you have. Set new goals and development strategies, if important.
- Keep sound cash flow - Solid finance support solid development, so look at your income projections for the year ahead. Are there any potential issues that could hinder your desire or threaten your survival, if you have any cash flow problem you need to consider and fix it and you need to do cash projection periodically.
- Target new customers- Targeting new customers is an important part of any business growth, some business rely only on the loyalty of few customers which will prove to be dangerous in long term. Think about new ways in which you can reach new customers and make plans on how to target them.
- Promote yourself on line- Though you don't sell your product on line but still you can promote your product online. Nowadays every business has it's website, make such a website which will represent your business efficiently. Social media plays an important role in promoting any business and it's the best way to interact will new customers for instance you can make your company profile page on Face book in order to know demands of the people.
- Bring in new people: Business might not be able to recruit new people but, if u can than recruit new people which can bring new ideas that can benefit your business and make your business more profitable.
References:
http://harishkeswani.com/business-growth-program
Ideas are very clearly explained well done
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