What's most important to you as an entrepreneur? Are you trying to make a quick buck or are you trying to build a sustainable income stream? Do you want to have to keep hustling to make your next dollar or do you want to develop organic growth for your business? Most people would pick the latter option for each of the questions above. In simplest terms, most entrepreneurs … [Read more...]
5 Small Business Growth Strategies that Work
Most entrepreneurs want to grow their businesses, but how do you do it? The good news is there are tried-and-true methods for small business growth that have been proven to work again and again. These are the fundamental growth strategies that all businesses---regardless of size, location, or industry---can follow to drive new revenues. Whether you're Apple, Google, or a small … [Read more...]
Grow Your Business the Way Diamonds Grow, Before It’s Too Late
Regardless of what line of work you’re in, it seems like most business owners today have a similar daily routine: Coffee first, everything else second. Then, whenever possible, comes meditation or personal quiet time. Let’s of course fit in some work-out, or at least a solid attempt at one. A healthy breakfast is the natural next step. After all this, we’ll do a quick dive into … [Read more...]
3 Key Areas to Improve Your Business
The small percentage of entrepreneurs who succeed know this: If your business is going to succeed, you must focus on constant improvements. Small incremental changes in your business are the key to succeeding in business. Following are three key areas every business should focus on: 1. Customer Acquisition Getting new customers is tough for most businesses. Getting new … [Read more...]
How to Know if It’s Time to Expand Your Business
Thinking about expanding your business is a big deal for obvious reasons. If your clientele is growing and you need to move to a bigger space or increase the number of employees, you need to make sure that you'll continue to operate efficiently and effectively. More importantly, you need to make sure that you don't get ahead of yourself. Growing is good, expanding without … [Read more...]
How to Use Joint Ventures to Your Advantage
When clients approach me with helping them with their businesses, the first thing I ask is, "Who do you know well in your industry?" I ask this question because small businesses need other small businesses to help grow. The misconception in small business is that there is a 'do it all by myself' mentality. The truth is that you can grow your business as well as another’s by … [Read more...]
How to Create a Plan of Action to Grow Your Business
So often I have business owners approach me with ideas and thoughts about growing their business. Often, the problem is not the lack of ideas but where to start and which ones to start with. Sometimes, business owners are so overwhelmed with options (which is a good thing) that they do not know what to do with them. So to not get overwhelmed, it's necessary to create a plan of … [Read more...]
4 Things Entrepreneurs Should Do Quarterly
Often, entrepreneurs set business goals at the beginning of the year but forget to re-evaluate things as time goes on. We also forget that pleasing our customers is one of our top priorities because happy customers bring referrals. Below are four things entrepreneurs should do quarterly to assist with continuous growth and sustainability: 1. Evaluate Old Goals and Create … [Read more...]
How to Seize Unplanned Business Opportunities
There is nothing worse than being presented with an opportunity of which you cannot take advantage. Not all missed business opportunities are for lack of economic means. If we think back on a few of our missed business opportunities, some of them my be due to poor timing, lack of knowledge or skill, misaligned objectives, dysfunctional systems, or simple fear of change. The … [Read more...]
To Ensure Business Growth Keep Asking Yourself This Question
It is so easy to get stuck in your business and forget about taking a break from it every now and then. A lot of the clients I work with have forgotten what it means to go away on holiday, vacation, whatever you call it. In fact, they have not taken a day off in ages! And we got into business for freedom, didn’t we? Anyway, that would be the topic of another post. The … [Read more...]