Sunday, June 25th, 2017

Where Do the Steps to Starting a Small Business Stop?

7

If you’ve got an entrepreneurial mindset and heart-set, the steps to starting a small business is something you can really get excited about. You’re passionate; you’re full of ideas – you are READY to go!

But what happens when the business is up and running? Do the steps to starting a small business stop with the ribbon-cutting ceremony?

Of course not!

Now it’s time to expand and grow – and this is where your passion (if it’s truly a Core Desire) really comes into play. Start looking into these tips to kick start your business:

  • Where Do the Steps to Starting a Small Business Stop?

    Where Do the Steps to Starting a Small Business Stop?

    Go Online: Almost every business can benefit from going online. Of course, the benefits will vary depending on the industry and the products or services that you provide – but more and more these days the Internet is the first place people go to when they’re trying to find anything! It is easily accessed by anyone and is used by millions of potential customers worldwide. Don’t miss out on this chance to gain more customers for your business!

  • Increase and Improve: Don’t stay stuck – look for opportunities or new products that can help expand your business. One way of doing this is to ask your customers how you can help them; if there is anything they would like that you can do to improve your product or services (and it’s never been easier to connect with your customers with all of the social media available today!) Improving or updating your current products and services will promote your business growth.
  • Expand Territories: Opening new branches for your stores or buying other existing businesses can put you on the fast track to massive business growth. Take note that not every business is suitable to franchise, but it can also be an excellent source of growth for those that are.
  • Expand Your Market: If your business caters to a specific group, you can try to reach out to new types of customers for a more diverse customer base. If your business usually caters to young people, think about finding a way to produce a product or business that can cater to adults as well. With a littleĀ  imagination, you can always increase your market (just take care to keep from getting stretched too thin!)

Of course, the surest way to succeed in business growth is to know your business, your products and your customers. If you are secure in these three aspects, you can be more confident in any actions you take to pursue business growth.

Before anything else, you always want to make sure you have your current circumstances under control, since it will only make things more complicated to open up new stores and branches when you are struggling over your current budget, have problems with staff management, etc.

Finally, don’t take on more than you can afford or work on. Too much growth can be sometimes as stressful as lack of growth – something you always want to keep in mind on the path of starting your own business and continuing in growth.

You can do the impossible when you are following your Core Desires – turning making money into something that is FUN (rather than a trial!) If you want to find out more about real money-making opportunities – the good, the bad, and the ugly – visit here today for my FREE Video Series called Making Money Truths. Start expanding your idea base for your business and becoming more secure in your success today!

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Comments

7 Responses to “Where Do the Steps to Starting a Small Business Stop?”
  1. It’s an incredibly challenging time for many businesses right now. Ways of working that were great 18 months ago are no way to survive now. It takes imagination and a great deal of listening to customers to make it work. Customers are saying different things now than they were before. Their questions are different, as are their requirements. Fascinating, extremely challenging, difficult, tiring but there are still rewards to be had.

  2. yeah it is a structured methodology that is focused on completely understanding the customer’s needs, identifying how best to meet those needs, and then “reinventing” the stream of processes to meet those needs. our purpose should be business process improvement (BPI) as a key strategy and a management tool, capable of supporting the organization’s vision, mission, goals, and objectives, and to promote the use of technology throughout the organization.

  3. Hi, I am a subscriber to your feed and am dropping in a note to say that the URLs to your posts in the feed are taking me to 404 pages.

    As for the topic of your post, I’d also go for going online. Of the small businesses I know, the online ones are doing great at the moment, while the bricks ‘n mortar ones are suffering.

  4. Hi Jade,

    Thank you for letting me know about this! I just wanted to get back to you so say I believe the problem is fixed now – please update me if this occurs again. My apologies!

    I think the solutions for brick and mortar are along the lines of what David and Mark have commented – innovation and willingness to change/update are key! The ones who are going to suffer the most are the ones who remain stuck.

    Thanks to all for your comments – great discussion!

  5. answer is they never stop! Having been building my own business for the past 3 years i know this well. the work is endless and expansion is constant.

  6. The economic crisis sure did a number for businesses today. I agree that you must thoroughly conduct research and feasibility studies before venturing into business yourself.

  7. I agree, first look that you’re well off and the new plans won’t make your business suffer overall, so for small business owners to grow into medium-business or even large business, they’ve to make sure they keep on improving and look for ways to expand their business, either online or opening stores in a new place. But this theory applies to those who have enough capital to invest into a new place, one should not run out of resources to run their all stores for the sake of opening a new store, etc.

    There are always room for improvement in business, make sure you’re improving on that first and creating a reputation and brand name for your business.

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