We have put together tips for business owners who are looking for higher growth and satisfaction in their endeavors. These 7 tips for business growth could help you go from where you are now to where you want to be.
- Know what you want. If you’re taking on clients or tasks that you don’t want or that aren’t your area of expertise you go off on a path that is a slog in your business. You need to know your area of expertise and stay in your lane. If you want to expand, consider hiring contractors to fill the gap.
- Where will you work? A separate room in your house? A corner of the kitchen table? A coffee shop? If you’re just starting out and if you’re not welcoming clients into your workspace, find a place that suits your needs when you’re in the start-up phase. In the future, you may find you need, or want to rent a space or find a co-working situation. You may want to rent a PO box or rent a box at a UPS store that provides a street address – this amps up the idea to clients that you are a thriving entity.
- Keep moving forward. It’s easy to throw your hands in the air and give up, especially if you lose a client or don’t sign the client of your dreams. What will separate you from other solopreneurs is your ability to keep moving forward and overcome challenges.
- Network with others in your situation. It’s easy to give up if you feel as though you’re the only one doing what you do. That’s why a co-working situation is ideal for some. Network online or attend in-person events.
- Make sure you have a business plan. It doesn’t need to be hundreds of pages long, but it does need to have your financial goals written down, it should have a plan for ebbs and flows in business. It should have your mission and vision statement, the ideal client for you and your area of expertise and even a statement of those clients with whom you don’t want to work.
- Don’t skimp on the tools you need. If you’re going to be in front of the computer all day you need to have a computer that will perform the tasks you need. You will want an ergonomic set up. Don’t invest in low end products because you will eventually need to replace them and it will cost you more in the long run.
- Automate the tasks that you do repeatedly. Don’t waste time on duplicate efforts and tasks.
One of the benefits of being a business owner is the freedom that comes along with it. It is easy, though, to take too much of that freedom and put yourself behind the eight ball and on the verge of missing deadlines. Enjoy being your own boss but keep your eye on the prize — a successful business.
Reach out to Rex Richard if you’re looking for a business coach.