How to Grow Your Small Business
To grow your small business and run a business takes time. A lot of time! But it can be done if you love what you do and work at it daily. Yes, that dirty four letter word is part of running a business, WORK! According to Forbes, nearly one-third (29%) work more than 50 hours per week, while 86% work on the weekends.
Most business owners work hard and long hours but they love the freedom to work mostly when they want and take time off when they want.Most business owners work hard and long hours but they love the freedom to work mostly when they want and take time off when they want. Click To Tweet
Getting Over Fears to Own and Grow a Small Business
My greatest fear leaving my 9-5 job and running my business full time was having health benefits. It cost me years from going full time into business full time. Until I actually went and started to get estimates on the costs of healthcare. Never assume in business!
Getting Rid of Fears to Start a Business
If you are going to start a business you must be fearless. You can’t worry about this and that. Once I got over the fear by doing and investigating, I was on my way to growing a business.
The fears I had of paying for healthcare were relieved once I realized it only cost a fraction more to pay on my own versus through a company I had worked for. That let me move on and focus on the business itself. What was I going to do to generate enough money to sustain my way of living?If you are going to start a business you must be fearless. You can't worry about this and that. Once I got over the fear by doing and investigating, I was on my way to growing a business. #biztips Click To Tweet
Getting Started – The First Few Weeks
The first few weeks were the hardest. I had several accounts I already was working for part time with my business so I went back to them by request to do more work and quickly grew the business within a month.
From there I gradually went back and saw some businesses I had worked well with in the past. Before I knew it I had all the business I could handle. But of course, one wants to make more money, right?
Things began to happen fast after 3 months. People started to call me for my services. It was word of mouth and through my online presence.
Hence, I started to delegate a few projects to freelancers. It all happened by accident at first. One conversation led to another and before I knew it, I had 3 freelancers I could delegate work to.
Learning to Delegate to Grow Your Small Business
Learning to delegate didn’t come easily for me but I caught on quickly. I knew I had so many tasks to accomplish. I was keeping track of money coming in and money going out – investing in myself and the business.
The more work I took on the more tools I needed and the more I needed to learn. Learning takes time. So I had to delegate to grow. Remember this one! “Delegate to Grow Your Business!”
Price Your Products or Services Right
Don’t price yourself too low when you start to grow your small business. Oftentimes an owner might want to generate business fast and price themselves too low.
Really think about your time and how much time things take time to do.
Every aspect of what you do to make a product or provide a service. How much time will be needed? What if you need to do a re-do? Are the products or processes expensive?
Think ahead of the curve when it comes to your pricing strategy. Don’t forget taxes, you know the tax man or lady always come around!Really think about your time and how much time things take time to do. #biztips #pricingstrategy Click To Tweet
Learn to Say No!
Learning to say NO when growing your small business is another must. You will not be able to attend every networking event that comes along. Time is precious!
Therefore, you will not be able to answer every call and give away advice to everyone that asks you for it. You may not be able to talk long to folks who drain your time.
Your time becomes your biggest asset when growing your small business.Your time becomes your biggest asset when growing your small business. #businesstips Click To Tweet
Focus on Your Tasks at Hand
Learn what you need to prioritize. You won’t be able to do everything at once. And if you think of ideas write them down immediately before you forget!
Being focused on what really needs to be done to generate business and then manage the business will be the key to your business’ success.
If you are scatterbrained and all over the place, you may find that nothing is getting done. You will not be able to meet your own goals that you have set up for yourself with the business.
Be sure to write down your daily tasks so you can really focus on them. Be careful of emails, social media networks and the mobile device. If possible shut them down for a period while you really get things done! You will be amazed how much you can get done without these interruptions.
Learning More Each Day
As your business grows so will you. You will learn so much everyday. I know the more I learn, the more I know I need to learn.
There are some days I have to set aside a few hours just to learn something new. Something that will help my clients succeed. If I can help them succeed then I’ve made my goal of helping others complete.
Knowing When To Grow Your Business
You may just know when it’s time to grow the business. Oftentimes it may happen on it’s own. You get busier and more money is coming in. You may not be able to keep up!
If you are unsure if it’s time to grow your business check out these 4 signs to look for from Fundera. You might be surprised!
Oftentimes many business decide to grow too early and then they fail. So be careful of that mistake in your new business. 30% of all new business fail in their first year and the number is higher in the first five years. 🙁
Finally, Your Turn
I’d love to know what you would like to learn about starting or growing your own small business. What keeps you from jumping in?