" How Do i Grow My Business and make More Money, Get More Recognition, Increase customer satisfaction and Build my Business Into a Money
Generating Machine?"
"Best Way to Grow Your
Small Business"
There is no simple and single answer for this question."
Every Small Busines is Unique, it never can be same.
Its different than any other business. even
though if the business is of same products or services, Its different.
The difference is due to
The background of owner, ( education, experience, Personal Values)
Finance & Investments,( Capital Invested, Financial status and standing)
Setup, ( shop location, Size, No of people, offerings)
Size of transactions, ( turnover, Profits, customer size etc)
business ideals of people, ( way of doing business, commitment etc)
The relations with people,( Staff,customers and vendors)
The Products offered, range and pricing.
and Service quality you offer to your customers.
and so there is no ready-made best way to grow "Your"
business.
Every business being different, the best way of growing Your business or each business will be
different.
The First question you should ask yourself is simple yet Profound.
Why do you want your business to grow?
( you may ask me, what a silly question? everybody wants to grow their business !)
not Neccessarily.
let me explain a bit.
You may want to earn more money,more profits from your
existing business, however that does not mean growing your business.
"To earn more profits or Money, does not neccessarily mean
You "have" to grow your business"
The main intention may be to increase the cash earnings or profits from business. so that you have enough and more to take care of your
increasing expenses, Financial security for you and Family , enough to invest for future requirements.
Take care of Medical expenses, childrens education and future life.
You need to answer the question, why do you want to Grow your business? because the very reason why you started a business and not work in a
company or work for anybody else may be that you did not want anybody to BOSS you. or You wanted the
independence and FREEDOM to decide and do work when you wanted.
You may have wanted to have complete FREEDOM of thinking and working. and in your life, success means Freedom. Financial
freedom, Freedom of thought, Freedom of time.
and in that case, Growing your business may actually come in the way of your basic principal of Freedom. How?
If you Grow your business, it may mean More work, More Time to spend at Business and More efforts, More Investments, More People to manage and
less amount of Free Time and Freedom. Then you are bound by time. You are supposed to work more, put more efforts and then make more Money.
well, that may not the exact reaon, you would like to Grow Your Business. What you may want is, More Profits, Better Customers, less No of People
to manage, More free time at your disposal, and Secure and Financially profitable business. a endless stream of income, without working more.
If that is the case, then You may have to think on a little track. more on that later.
having said this, you may still would like to Grow your business, because you want to make sure that you are earnings remain constantly
growing and also gets you a social status, Respect and security.
"Only 4 Ways to Grow Your Business"
Any Business whatsoever.
There are only 4 ways to grow your business, infact 3 main ways, and one suplimental.
1. Increase The Number of Customers.
2. Increase the Value of Transactions.
3. Increase the Frequency of Transactions.
and
4. Reduce the Drop Outs or Stop losing existing customers.
The ways of doing each of the above will constitute the activity we call as "Growing" Your Business.
It seems easy and common sense, however, You may have never read it or thought in this simple way anytime before this.
why do i say this?
because, everytime somebody says' that the company has grown, most times , we tend to think of some order or company tie-up, Luck
factor, product factor or amount of money at hand.
everybody forgets the planing and the Business understanding behind the Growth Of any Business.
The Focus, The years of learning, People behind the business,strategies and the execution and implmentation of the Systems and processes.
Nobody disected the ways of growing in this 4 simple common sense way.
Once you understand this basic principal, you can then look at ways and means to do each of it in more organised, systematic way.
The BIG Question for you to answer
"Have you achieved what you wanted to achieve in the last year" ...
and if the answer is NO, then
" I can help by keeping you focussed on your goals and actions. I can help by offering you simple proceeses to ensure
that you achieve these goals and I can be there as a confidant, advisor and sometimes as a mentor to help you to succeed."
Small Businesses
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