To grow your small business the right way, you need to put in the hard work. There is no easy way around this!
But if we love what we do and are committed daily then success will come our way eventually – believe me when I say that it’s worth every ounce of effort spent on growing yourself as an entrepreneur because there aren’t many things more satisfying than watching growth firsthand.
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Getting Started – Growing Your Small Business
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.
Of course, then I had to start another blog and this one was born.
Here are the 10 tips for you to grow your small business:
1. Hard Work For Growing Your Small Business
I’m sure all these words sound pretty scary considering how much time commitment they require; however don’t let them discourage YOU from taking control over YOUR life by becoming self-employed (or hiring someone else)! The benefits far outweigh any of the drawbacks.
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.
2. Getting Over Fears to Own and Grow a Small Business
To grow your small business, you need to be willing and able to work hard fearlessly. Running a successful company takes time; there’s no way around it! But if we love what we do then our goals can become reality with daily effort on behalf of ourselves as well as those who depend upon us for their success too.
My greatest fear of 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!
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 allowed me to 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
3. 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!”
4. Outsource Certain Tasks And Departments
Outsourcing certain departments in a small business can be an effective way to save money and increase efficiency. By utilizing the specialized knowledge of outside companies, business owners can focus on their core skills and objectives without sacrificing quality or service.
This outsourcing strategy allows them to benefit from increased profits and potentially faster turnaround times for their customers.
Additionally, outsourcing to professionals like Dorothy Wete gives businesses access to extra resources that may have been previously inaccessible, such as cutting-edge software and technology, expert advice, or the ability to take on larger projects. In the end, this approach culminates in a positive impact on the bottom line of any small business.
5. 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 taxman or lady always comes around!
6. 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 the right way.
Therefore, to meet your customer’s expectations you must set the expectation beforehand. That is how you keep customers for the long haul, by meeting the expectations that you have set up for them!
7. 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 the goals that you have set up for yourself with the business. Of course, having patience with yourself will be key!
Be sure to write down your daily tasks so you can really focus on them. Be careful of emails, social media networks, and mobile devices. If possible shut them down for a period while you really get things done!
You will be amazed at how much you can get done without these interruptions.
8. Learning More Each Day
As your business grows, so will you. You’ll learn a lot of things every day and that’s what makes it interesting!
Sometimes I have to set aside some time just for me – learning new skills or strategies can really help my clients succeed which in turn helps them complete their goals faster than they might otherwise be able to while also providing benefits back at work as well.
I learned this lesson the hard way when not having enough knowledge on certain topics prevented us from achieving success with our projects earlier in the business but now is different because instead of focusing all efforts on minor details like these–which are crucial nonetheless.
Another way you may learn about a business is to become an apprentice in a field you want to own a business.
That is how to grow your business! By learning and doing over and over again.
9. Knowing When To Grow Your Business The Right Way
You may just know when it’s time to grow the business. Oftentimes it may happen on its own. You get busier and more money is coming in. You may not be able to keep up!
Oftentimes many businesses decisions to grow too early and then they fail. So be careful of that mistake in your new business.
20% of all new businesses fail in their first year and the number is higher in the first five years. 🙁
10. Advertise Your Small Business
There are many benefits to advertising your small business. Advertising lets potential customers know that you exist and that you are open for business. It can also help to build brand awareness and create a positive image for your company.
Advertising can be an effective way to attract new customers and grow your business. A well-designed advertising campaign can reach a large audience and generate interest in your products or services.
When done correctly, advertising can be a powerful tool to help your small business succeed.
Investing in advertising is an important decision and should be done with care. However, the potential rewards of increased sales and brand recognition make it a worthwhile investment for many small businesses.
Finally, Your Turn
I’d love to know what you would like to learn about starting or growing your own small business the right way. What keeps you from jumping in?
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