How to Grow Your Business
Things are going well with your business. Revenue is good, your employees are happy, and customers are satisfied. Great!
So what’s next?
If you’re like most business owners and entrepreneurs, doing well enough isn’t enough. You want to keep growing and building your business. Here are a few ways you can do that.
How to grow your business:
Focus on Sales
As a new company, most of your time and energy should be focused on sales. We’re talking about 75% of your time. If you’re more established, about one third of your time should be dedicated to sales. Does that sound crazy? It shouldn’t! The world is full of great products and killer customer service, but if you don’t sell your great product and get a chance to show your killer customer service, then it’s all kind of moot, isn’t it! So be obsessed with sales, and see how fast your business grows.
If you’re a brick and mortar store, then an obvious way to grow your business is to expand to another location. If things are going well at your first store and you feel like you can handle opening another without losing control, then go ahead! Scout locations and find the best fit for you to open yourself up to a new market.
Member to Member Support
Becoming a member is an easy way to get in contact with businesses that you may not know already and could have advice that you need. We want all of our businesses succeed and in order for that to happen we must be able to share all of our tips, hints, and tricks. Although it is our goal to help you, we encourage you to reach out to other members of the chamber in order to see how they succeed.Find a business similar to yours, get in touch, and stay in touch.
Being a part of our chamber is being a part of a family, sharing information, working together, and creating a better community feel through the Blackstone Valley. Helping other businesses can help grow your business and connections down the road.
Every business needs money to grow. We have internal resources that we can directly link you to that can show you where to find funding, what kind of funding your business needs, and how to get it. Our free business counselors sit with you as business owners and provide expert knowledge that will give you the financial guidance you are looking for. Whether you are just starting out or in the middle of an expansion.
Diversifying is another great way to expand your business. You probably already have a few ideas of some products or services that compliment your current offerings. Get a new stream of income that delights current customers and brings in new ones.
Get a Government Contract
If you have to type of business that applies here, a fantastic way to grow is by getting a government contract. It can be intimidating to find out how to apply and pitch for these though, so make sure to ask your friends at the Blackstone Valley Chamber of Commerce for help!
Expanding to the web has probably already crossed your mind. In today’s techy, connected age, it’s a natural leap to make. Online shopping has become a massive income stream for a lot of companies, and we can’t stress how important it is to have an online presence in today’s market. So build a website and get selling!
Focus on Marketing
Here’s the thing about marketing – it’s supposed to pay for itself. That means marketing done right grows your business. Need some help? We can connect you to the best marketers in the Valley.
Still looking for ways to grow your business? Here are some links to help. And don’t forget about the Chamber’s resources!