POSTS TAGGED : business growth

6 Practical Steps to Grow Your Small Business

How do you turn your small business into a major corporation? You may have a brick-and-mortar business, or you may have a digital business, or you may have an offline business with an online presence. Regardless of the business structure of your company, it is possible to gradually grow it into a large business.

Managing business

On the surface, it may not appear self-evident how to grow a small business into a big one? Should you just borrow more money and amplify what you’re doing? Should you create new income streams? Should you try a combination of both strategies?

Unfortunately, it’s not that simple to transform a business.…

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5 Plus Tactics to Scale Your Online Store

The future of online shopping is very bright indeed. It’s believed that global ecommerce sales will exceed $2 trillion in 2017. Of the some 20 million online stores that are now considered to be actively selling products and services worldwide, it’s believed there are only a paltry 650,000 that make more than a thousand bucks a year.

Online shop

Depending on your outlook, maybe those few who do make money are lucky. That’s very unlikely though. The smarter bet is that far too many people started their site in the hopes of a passive money making venture, then soon realized there was a lot of actual thought and work that goes into maintaining a successful online storefront.…

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The First Five Things You Should Consider When Your Business Starts to Boom

Everyone who starts a business does so with a dream in mind; however, very few actually make that dream a reality, let alone a profitable one.

However, what happens when the seemingly unthinkable happens and the money actually starting rolling in?

Startup growth

Oddly enough, raking in the dough as an entrepreneur can be both a blessing and a curse. After all, there are plenty of options on the table which can be quite daunting as a business owner.

For example, is it best to conduct business as usual and pretend like your profits aren’t even there? Should you immediately invest the money back into your business?…

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3 Signs Your Business Is Starting To Take Off

Starting your own business can be a tumultuous road which requires a lot of patience and tenacity. Often when a woman starts her first business she has high hopes of it taking off the first year and becoming a millionaire right away.

Business launch

Unfortunately the reality is that it takes years to get to a point of really reeling in the success. However, when success finally does hit you there is a huge wave of satisfaction knowing that your hard work has finally paid off.

Your Income Is Greater Than Your Debt

Getting your business going can often mean a lot more going out of your pocket than going into it in the beginning.…

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Learning to Scale: How to Grow a Home-based Food Business

Many home-food businesses, particularly artisanal producers, fear that there is no way to sustain or scale their food business without investing in their own premises and resources. Thankfully it’s just not true thanks to rental commercial kitchens.

Coffee shop owner pouring coffee

If you’re one of the UK’s 2.9 million homepreneurs, don’t be afraid to grow your food business. Its intimidating at first but perfectly possible, with planning. There are plenty of opportunities to enable your business to grow at the rate you wish it to, even as you make the transition from home food business to stores.

Commercial kitchens are the first step

Graduating to premises is the biggest initial leap a home business will take.…

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Ways Smaller Businesses Can Run as Efficiently as Larger Companies

While facing tough competition is a part of any business, it can be intimidating when trying to pitch your small business against a corporate giant. In fact, it might seem impossible, especially when you consider that your small business has a limited number of staff and a tight budget, while larger companies can splash the cash and hire staff when needed.

Running efficient small business

However, no matter how small your company, there are a number of ways you can make your business stand out and compete with the biggest corporate companies.

Upgrade Your Technology

One of the best tools that small businesses can utilise is technology, for two major reasons: efficiency and customer reach.…

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How CRM Can Help Grow Your Small Business

It’s challenging to maintain a customer relationship in a business landscape where your biggest competition could be right across the street or one click away. Finding creative and sustainable ways to rise above the rest helps win the race, but it’s important for small business owners to adopt CRM systems as early as possible. When you manage your relationships better, your earning potential could skyrocket.

Businesswoman using CRM

A big myth surrounding CRM systems is that’s it’s too expensive and best suited for larger enterprises. This is far from the truth. Not only are these systems more affordable than you think, but offer a long-term return on investment.…

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17 Small Business Dilemmas and Its Solutions for Budding Entrepreneurs this 2017

Startups face a lot of challenges. Sadly, some don’t triumph over these challenges and end up closing down. We are here to help new entrepreneurs by taking into account 17 of the most common small business challenges, and how these problems can be solved.

Small business challenges

1. Thinking of the right business

Coming up with the right business idea is on top of the list of the challenges that new entrepreneurs safe. This is also perhaps one of the biggest, if not the biggest, challenges there are. It is hard to think of a business that you will have to commit to, and one that will survive.…

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6 Ways Small Businesses can Reach More Customers

After a few years of doing business you are definitely looking to grow and take your business to the next level. Here are 6 real life examples of strategies used by small businesses to drive growth:

Open a New Branch

Shake Shack founder Danny Meyer waited for nearly five years before opening the second location. He waited till the business acquired a faithful following and was known for products that people loved. From the first Shake Shack in Madison Square Park, the business has now expanded to more than 100 locations worldwide.

“We’re big believers in not overpromising and under delivering.…

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6 Ways to Grow Your Business and Not Break Your Bank Account

There are a number of ways to market your business. But they can cost a great deal of money that you don’t have yet. If you’re looking for a way to grow your business and get your name out there inexpensively, you need some skill and effort. The following are tips on how to grow your business without breaking the bank.

Growing your business

Free Publishing

You don’t need to spend a penny to give customers what they want. Publishing content that pertains to your business and entices customers can be done without shelling out any money through newsletters, blogs and emails. But in order to do this wisely, you need to come out with current material that is useful to the consumer.…

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