Simple Ways to Boost Your Small Business
The term ‘small business’ is a bit of a misnomer as the definition of small business can vary from country to country. However, the fact remains that 96% - 98% of all new businesses registered worldwide are classed as small businesses. This means that small businesses play a key role in the generation of economic activity in countries worldwide!
Small businesses are very important because of the role they play in helping to generate employment and inspire consumer spending. An enterprise with fewer than 10 employees or a company that generates a low level of income per month is considered a small business. Many people don’t realise that small businesses are really huge engines of growth for the economy.
Many people chase the dream of being their own boss and starting their own businesses, but let’s face it, it’s is not always a walk in the park.
However, no matter your budget, there are ways to increase your sales and grow your business into a success. Yes, it can be tricky to increase your sales when your budget is tight, but it is doable. Here're some tips…
Promote your business
The use of promotional merchandise works all around the world. Things like promotional leaflets, wristbands, will boost our company profile and get you noticed by potential customers. Once you have decided on what you’re going to get as promotional merchandise, gift them to your customers, and had them out in your local community. Use social media channel to promote your business online and get people talking about you.
Take a course
There are so many online courses that you can take these days that will really help you in running your company. Online training courses such as an MSP Training or PRINCE 2 certificate, will give you the confidence to manage your staff and company successfully, as well as help people take you seriously.
Know your industry
This is very, very important. Don’t think that you can simply start a company despite having no experience on knowledge of the business. You need to know to industry inside out! Your team should all know information about how the market that you are in and how it works. Share with them what the goals for your company are and what you are aiming for. If you know this a lot about the field that many others don’t, share your knowledge! Letting your team understand the main objectives of your company will encourage them to strive with you!
Bundle Products or Services
A number of small businesses have found great success by selling bundled products and services as a package as opposed to offering individual offerings. Your customers liken a bundle of services with savings or with getting something for free, even if the savings are nominal. This makes it a much easier for you to sell it to them.
Listen to your staff
When you manage a team, you need to work with them, not simply tell them what to do. If you become a team player, you will also be asking for help when you need it. Let your team know when you find an important problem or issue, instead of waiting for the issue to escalate. Learning from each other is key and if you work in a small company, so listening really is vital.
Respect Your Team
Last but certainly not least, you need to make sure that you treat your team with respect. If you fail to respect people, they won’t respect you. You need to be open, friendly and honest with them. If you don’t respect the people that you employ, they will not work to their full ability for you.
These days there are millions of people who venture themselves to different kinds of businesses- small scale to medium scale or large scale business. Every person has his/her passions and dreams. Unfortunately, sometimes people ignore their passions and just look for any job to simply pay the bills. If you do a business based on your passion, you have a much better chance of succeeding.
Having your own business isn’t about being stressed out and having a never ending workload - it’s about chasing your dreams and pursuing your passions!
With graduate-entry level positions becoming increasingly competitive, more graduates than ever are considering setting up a business of their own and going down the self-employed route. But how do you get started? How do you source funding and mentorship? Here we will look at how graduates can turn their great ideas and skills into a fully-fledged profitable business.
An event that is successful requires a lot of planning and brilliant execution. Perhaps, you are organizing an event to position your business brand in the minds of most people who will attend the party. It has to be vibrant and leave a lasting impression with every member present.
If you know what CRM is, you must have also heard that implementing an easy to use CRM application for your business has a high ROI (Return On Investment).
What makes certain entrepreneurs succeed? There’s no magic formula for the success of entrepreneurs, but there are certain things that they all have in common. A few studies done on successful entrepreneurs show key characteristics of small business owners who flourish.
It is evident now that the firms are becoming more and more aware of the advantages of mobile applications for their businesses. As a matter of the fact, the mobile app usage has surpassed the desktop usage in the past few years. So, it has become necessary to embrace a mobile strategy according to the market requirements.
Starting a business can be a daunting process at any age, but with youth can come an unfounded bravado that can come in very useful as an entrepreneur. Although with age often comes more experience and resources, young entrepreneurs will tend to find they have less to lose and more to gain
Have you ever needed a bit of extra cash? Going to a local payday lender is the last thing you want to do. Although you can access funds conveniently through a payday loan, they come with high fees. Fortunately, there are several ways you can make money in less than 24 hours
When starting a business most people like to dream big. However, once you have overcome the hurdles of starting a business and escaped the initial risks that come with start-ups, it can be a daunting thought to put everything you’ve worked so hard for in jeopardy by attempting to scale your business significantly.