When you start a business, it's all about passion and excitement. You burn the candle at both ends. You put in the hard work of planning to make sure you set up your company for success. The last thing you want to think about is getting out of the business. But that's a mistake. If you don't have an exit strategy, you could create a new set of problems.
I know, business growth sounds like a good thing. And it is. However, growing a small business requires planning, and I've seen businesses grow too fast. This uncontrolled growth can lead to quickly going out of business. You could burn through cash, exhaust your resources, not to meet customer demand, make risky hiring decisions, and above all damage your brand.
If you are tired of the stress connected with being disorganized, let me help you develop a system to handle your business paperwork. Part of it is having the right attitude, part of it is knowing what it's safe to toss, and part of it is the actual nuts and bolts of carrying out good paper management day in and day out. Here's how to conquer your office paperwork once and for all.
There’s no doubt about it: leveraging technology can give your small business a competitive edge. But you might not be comfortable with technology, or don't know which tools to invest in to stand out from the competition. Here, we’ll look at some ways you can use technology to your benefit.
Upgrade Your Customer Service With a Live Chat Option
If you’re looking for ways to make customers spend more time in your retail business, restaurant, or shop, here’s one to consider: offering free wifi to customers. By providing a service that just about everyone needs, you’re building in value to your customers and giving them a reason to stay longer in your place of business. Not only that, but you could boost sales by up to 50%!
If you’re like a lot of entrepreneurs, you dream of writing a book on your area of expertise. The thing is, while many have this dream, far fewer actually realize it, and that’s a shame.
What’s stopping them? Usually self doubt and time. They aren’t secure in their ability to write a great book (or set their sights so high they’ll never reach their goal of creating a bestseller) or they simply don’t have (or make) the time to dedicate to the project.
Having published my own book (and with more books in my future), I have a thing or two to say on the subject.
As a business owner the #1 things you must do in your business are your high-valued activities like sales and serving customers. Outsourcing is a great way to keep you focused on running the business, and with the rise of the freelance or gig economy there are more options than ever to get things done. So think carefully about what tasks you don't have time for, or don't feel qualified to do in your small business and get them handled by someone else.