The BizFilings blog covering business tips and trends.
5 Tips to Grow Your Small Business
Published on Aug 1, 2011
Learn these 5 Tips to Grow Your Small Business at 'Time to Start Up,' the small business blog by BizFilings.
Whether your small business is brand new, thriving or struggling, there are some core strategies that can help your company grow.
Set Goals. The more you can define and clarify your goals, the better chance you have of accomplishing them. If you don’t have a clear destination, how can you possibly set a step-by-step plan of action to get there?
Provide Good Communication. Respect your employees by being honest and transparent with them. Treat them like you would like to be treated, and you’ll find they are more inclined to excel.
Use Social Media. There are plenty of ways to build a social media presence, especially with Facebook, LinkedIn and now Google Plus. In many cases the cost for these services are free, but keep in mind that there is a time investment you must be willing to commit to in order to see meaningful results.
Treat Your Employees Well. Give them a raise if you can. Give them some extra time off. Instead of micromanaging, try empowering your employees with some wiggle room to grow and become better (improving your bottom line in the process).
Know Thy Customer. Do you have a broad customer base, or is it a specific niche? What gets your customers excited? What type of language resonates with them? These are the types of questions that clearly define who you’re selling your services or products to. Without a clear picture, it’s a complete game of chance.