If you want to grow your business, you’ve probably research a ton of ways on how to do just that. What to do if you want to grow your business. That isn’t all you have to think about though. Have you considered what NOT to do if you want to grow your business? There are lots of things you shouldn’t do if you’d like to expand. Take a look to make sure you aren’t making any mistakes:
Making Your Staff Feel Unappreciated
Making your staff feel unappreciated is the number 1 way to hold your business back and hinder your growth. You might not even realize you’re doing it. You might not do or say anything negative towards them, but if you don’t do anything positive, they won’t feel appreciated! Show them that you notice their hard work. Reward them. Praise them. Do what it takes to keep them happy! Invest in them and they’ll stay with you a lot longer. They’ll also become loyal brand ambassadors!
Failing to Go the Extra Mile for Your Customer
Your customer is very important too, so you should be going the extra mile to show them they matter for you too. Give them some advice on a product they’ve bought, or throw in a free sample you think they might like. There are all kinds of ways you can do this. Just be sure you create a positive experience with you in their minds!
Neglecting to Write a Business Plan
When you don’t bother with a business plan, there’s every chance your business could still grow. However, you can’t guarantee it. Research has shown that businesses grow faster with a plan than without one. Save yourself some time and effort later on by making time and effort to do one now.
Failing to Manage Your Money
It can be tempting to blow some money on a flash new car or equipment when you see it pile up in your bank. However, money management skills are so important when running and growing a business. Many business owners don’t buy anything crazy until they make their first million, and even then they make sure they are sensible. Make sure you keep on top of everything with a good accountant too.
Go it Alone
You could go it alone, but you’ll probably get stressed and burning out is possible. Instead, find a business partner to work with. Hire staff if you need them, but don’t get overenthusiastic. While you don’t want to hold yourself back, you don’t want to end up with more staff than you need. You can also find businesses who offer good advice for new businesses like you. Places such as http://kencourtright.com can be a good resource when you want to grow.
Avoiding Opportunities to Network
You might be a serious introvert, but you must network if you want to grow. It’s not what you know, it’s who you know!
Avoid these mistakes, take the advice, and watch your business go from strength to strength!