Taking Your Business To The Next Level
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4. Meet with your staff. Ask for their input. Make revenue enhancement a team effort. Quite often the team will come up with what you need to START to improve your bottom line.
5. Get help from SCORE. Formally known as the Service Corp of Retired Executives. SCORE is a business mentoring service for entrepreneurs as well as a resource partner with the Small Business Administration and a great place for information/ideas on growing your business . Click the link below to go directly to their website.
6. Be realistic. If your net profit for 2016 was $100,000.00, it might be unrealistic to expect a revenue jump to a million in this year. It can happen but do not set yourself up for failure by having expectations your market cannot support.
7. Know your market. As stated above, what can you expect in terms of growth from your market? Are there people making the kind of money you envision from your product or service? Ask them how they did it. Should you narrow your focus? Spend advertising and marketing dollars where they can give you a larger return. Carve out a niche in the market, where you can expand and gain more customers while keeping your spending budget the same just more targeted.
8. Be Patient. Numbers do not lie. If the niche can support the kind of growth, you envision it will happen.
Getting stuck occurs in business and your everyday life. These getting unstuck tips can work in any area. Commit to knowing yourself, what needs to stop, start or continue in your life situations, be willing to get help when needed, and be realistic and patient with YOURSELF.
Success is possible when you are willing to put into action the simply motto,” to thine own self be true”. Your business deserves the same consideration.
Gwen Hill is president of TST Conssulting and
author of Ending Your Crisis. She facilitates
workshops for individuals and companies
on customer service,conflict resolution and
communication.