How to GROW your Small Business to make more money and have a better life
Most Business Owners want to grow a successful small business. But the path to success has many obstacles – in fact 8 out of 10 businesses will ultimately FAIL.
If you want your business to survive the trend follow these 10 tips for small business success!
1. Just have ONE CAPTAIN
Decide who’s really ultimately in charge because “shared responsibility is no responsibility”.
Small business development relies on strong, decisive leadership.
Work out who is responsible for what.
2. Create and Communicate More ORGANISATIONAL CLARITY
Be really clear about the roles and responsibilities within your company and articulate your vision. Start by creating an Org Chart, Job Description, Vision, Mission and Values.
Focus on Just ONE Challenge at a time. Its really important to focus on the direction of your business, with special attention given to the FINANCIAL side of the business. Make a Plan and Prioritise. Try Liveplan
4. PLAN AHEAD (Remember the 6 P’s)
Prior preparation prevents a pretty poor performance!
5. Develop more SYSTEMS
‘Systemize the routine; humanize the exception’ – FedEx founder Fred Smith.
Have a look at Waywedo – a systemising program
6. PRACTICE & IMPROVE
Make sure you offer cutting-edge customer service.
Aim for continuous improvement. Survey people and ask for their ideas.
7. THINK DIFFERENT
Spend more time thinking about various ways to be different, innovative, creative and exclusive.
8. AVOID DELAY – Don’t Pretend
Learn to take action right now! Implement, try and fail and try again. just Do it!
9. Go the EXTRA MILE
Build great rapport and long term relationships by doing that little bit extra.
10. Remember to PUT YOUR PRICES UP
“If your sales volume is going up, put UP your prices,
If your sales volume is going down, improve your customer service and marketing”
IF YOU WANT TO GROW A SUCCESSFUL SMALL BUSINESS AND IMPLEMENT THESE IDEAS – GET YOURSELF A BUSINESS COACH
ABOUT THE BLOG AUTHOR – David Staughton CSP
David Staughton is an Award-winning Certified Speaking Professional (CSP), past board member of Professional Speakers Australia and advisor to a large Australian speakers bureau.
David is also a successful serial entrepreneur and an expert on Reinventing Smaller Businesses for the Future.
Dave’s most popular small business TOPICS include:
- Finding Business Opportunities
- Living a Better Life
- Building your Loyal “A Team”
- Making More All Year Round
- Find the Hidden Value in your Business
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Want more advice? Contact David Staughton today !