Friday, December 10, 2010

How to Grow your Business

How to Grow your Business


1)      Measure and Analyze- Hit the books! Get a good snapshot of where you are and where you would like to be this time next year.

2)      Create a plan on getting to the next level.
·         What do you need to change to succeed?
·         Cost cutting measures
·         Hire new staff
·         Training, training & more training!
·         Set the expectations and make staff accountable
·         YOU set the tone for the staff- Positive Reinforcement
·         Consider customer surveys to understand how your customers really see you
·         Revisit plan and make adjustments to your recipe for growth

3)      Improve Technology
·         Purchase up-to-date computers
·         Improve your phone system
·         Create Social Network pages (i.e., MySpace, Facebook, Twitter etc.)
·         Search Engine Optimization- Google yourself and see how you rank. Are you searchable on the internet?
·         Create an intranet for your staff (procedure manuals, HR forms, company handbook etc.)

4)      Create a Happy Workforce/ A happy work environment is a productive one!
·         Hire happy, positive, charismatic, creative, energetic people!
·         Get rid of dead weight!
·         Add fun to the workplace!

5)      Know your Product and Service
·         Never stop learning!
·         What is your competitor doing?
·         Who is your customer?
·         Is your product/merchandise appealing?
·         Improve your sales presentation
·         Improve your service- Are your staff members friendly or hum-drum?
·         Sell your product on the web or create a catalog.