5 Ways To Grow Your Small Business
NFIB:
Are you happy with your business, or is it time to expand? If you are looking to grow, consider these business-building ideas that could take your company to the next level.
1. Embrace the Internet: Create a Web site
In today’s digital age, having a Web site and e-mail address is expected of a business, and can make a critical difference in building name recognition and attracting new customers. A Web site is a 24/7 portal to your customers where you can provide information about your company and advertise your services2. Expand Your Niche
If your company currently takes aim at a certain niche market, consider whether you could expand that market to offer new products or services, expanding your reach and appeal.3. Hire Support Staff
While it’s important to be involved in all aspects of your business, there comes a point where delegating tasks becomes necessary. If you find yourself unable to focus on your clients’ needs because you’re buried in bills or payroll every week, hire an administrative assistant to take the load off.4. Open Another Location
Entrepreneurs who have found their business growing steadily over the years might benefit from opening another location.5. Secure a Government Contract
While a government contract might sound like a sure way to increase revenue, it’s vital to make sure the job is the right fit for your small business before bidding. Be sure you understand exactly what will be expected of you before submitting your proposal, and that you will be able to meet the government’s demands and comply with regulations.
Chris Bloor on February 9th, 2007 4:08 pm
You Wrote: “Hire Support Staff”
This one thing took me from always ‘just breaking even’ to being able to genuinely own a business that serves my life – instead of the other way around.
Brilliant article.
Thanks!
Jim Peake on February 9th, 2007 8:44 pm
instead of hiring support staff i would also consider outsourcing to India or elsewhere. we have have a very positive experience doing so. you’ll be surprised at the talent that is available and you don’t have to pay the benefits either.
HIMANSHU J SHETH on February 11th, 2007 1:29 am
That is a good piece of information.Especially the first one “Have a website” since many people in India and other such countries dont realise the importance of how much impact it has on its business.
I would also agree with “Jim Peake” outsourcing can also be worth mentioning here.
I have also covered some points which would kill startups,you can have a look at it
http://thoughtsprevail.blogspot.com/2007/02/paul-graham18-ideas-that-kill-startups.html
-Himanshu
(http://thoughtsprevail.blogspot.com)
Michael N. Brette,J.D. on April 23rd, 2009 3:50 pm
You should consider Branding yourself as an expert in your field through self promotion. Look at Donald Trump and Suzie Orman the masters of self promotion. You can issue press releases, get interviewed on radio & TV, write articles for professional journals, speak at local and national events. Experts are always in demand and clients will call you.
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