7 TIPS TO HELP YOU GROW YOUR BUSINESS

Congratulations, you have been able to start your own business but there is more you have to do if you want your business to grow.

1. Flexibility.

As you operate your business, you will make changes in the way you operate. You will have adapt new methods to deal with you clients.

2. Market Research.

Before you launch your product or service, you must conduct market research which will give insight into the trend of the market for your product or service. You have know what your prospective customers want and how your competitors are serving them. This will help you to stay up with your game.

3. Pay attention to Marketing.

There are so many ways you can let your potential customer know about your product. These include social media, TV and Radio advert, e-mail, print media, person to person. Any of these should not be taken likely.

4. Don’t Borrow.

Many start-ups are not able to grow because of debt which they have no idea how to pay back. As a start-up you have minimal profit which in effect will be used to pay the interest on the loan (if only its enough). Going into so much debt can ruin your business. [the borrower is a slave to the lender -Bible]

5. Networking

You have to be motivated by entrepreneurs who are already on the path you are taking. Meet new people and engage in fruitful discussions. Attend workshops and conferences even if you have to pay for. Join entrepreneurial groups and clubs.

6. Accounts

Do not play with your accounts. Track every income and every expenditure. Ensure accounts are prepared to help you know the performance of your business.

7. Maximize your relationship with your customers.

Constantly be in touch with your customers and attend to their needs. We are here to solve problems. Take feedback from them and act on it. They are the ones who bring you the money you need to run your business.