7 Ways To Grow Your Business

 

“If you want something you’ve never had, you must be willing to do something you’ve never done” – Thomas Jefferson

We are launching our next blog series on Friday 11th February – 7 Ways To Grow Your Own Business.

If you’re looking to grow your business, we have identified 7 ways to do just that.

The first 5 grow your sales.  The last 2 reduce costs.

There will be a downloadable actions & ideas list for each step.

But before we look at step 1, we have set out 4 choices and 4 actions to start the process of growing your business.

You have 4 choices:

• Do nothing
• Retreat
• Take NORMAL amounts of action
• Take MASSIVE amounts of action

If we take a look at the “Performance Zone” below, it is clear that doing nothing and retreating keeps us in the Comfort Zone.

Taking normal amounts of action puts us into the Performance Zone but taking massive amounts of action might see us creep into the Danger Zone – it is a fine line.

4 actions to take:

• Set an annual plan
  • This is your roadmap.
  • You need to know where you are before you can even start thinking about where to go.

• Set an annual budget (both business and personal)
  • Remember that your business is there to serve you.
  • Work out what you personally need from a business (in terms of time, money and mind) and start from there.

• Set and measure your 4-5 most important Key Performance Indicators
  • When you drive your car, you’ll focus on performance indicators to know how you’re doing; speed, fuel levels, miles left to go.
  • Your business is no different. Decide the key things to measure and monitor and review them regularly.

• Have someone INDEPENDENT hold you ACCOUNTABLE to your plan
  • Who is the best person to be your business co-driver? Who will give you emotive advice and hold you to your plan?

 

Step 1 of the 7 Ways To Grow Your Business series is available here.

Get in touch if you’d like to talk about any of the 7 steps or if you need help with taking action.