How to Manage Rapid Growth as a Business Owner

All business owners aim for growth – after all, who doesn’t want their company to thrive? But while rapid growth is exciting, it’s often tricky to manage. A lot of the time, many of us don’t know what to do with the extra money we’re taking in. To sustain this boom, it’s vital to invest leftover profit wisely.

Managing rapid business growth

To deal effectively with fast growth, why not follow our top business tips?

Spot the cause of growth

So, you’re enjoying a profit surge – but why, exactly? Can you identify any specific causes? Is there a product that’s particularly popular, for example?…

Continue reading

Thinking Big: How to Prepare Yourself and Your Business For Big-Time Success

We often hear successful entrepreneurs tell stories about the importance of being able to recover from failures. While it is essential to have the ability to learn from, integrate and grow past a failure or setback, it is equally important to know how to cope with the increasing pressures of growth and how to prepare for the impending success of a business. Will you be ready if that serendipitous alchemy of hard work and divine intervention suddenly sends demand for your products or services soaring?

Preparing for big success

While you’ve dreamed of this moment, the reality of it can still come as quite a shock.…

Continue reading

Tried and Tested Tips to Keep Your Business Growing Fast

You often hear people emphasize that going into business guarantees financial freedom and how the richest people in the world are all businessmen and women but those same people fail to tell you how difficult it could be to make something out of business. Statistics have shown that most businesses fail within 5-10 years of incorporation, so starting, let alone, growing a business is not as simple as they make it seem.

Female entrepreneur

This is not to discourage you, however, there are indeed businesses that actually thrive. That idea you have in the cradle of your mind or what you’ve already started could be one of them.…

Continue reading

The Key to Growing an Online Business

One must incorporate many ingredients to grow an online business.

After all, you need money to start your business, you might need to create a business plan, you need to decide what your product or service is going to be, you need to know how to market said product or service, and the list could go on and on.

Growing an online business

What is the key to growing an online business, though?

While every business is different, and what works for one person might not work for the next, it’s essential to wear multiple hats when it comes to growing an online business.

If you want to give your business that Premier Glow and provide excellent products and value to your customers, then you’ll need to wear the marketing hat, the manager hat, the customer service hat, the sales hat, etc.…

Continue reading

How to 3x Your Productivity (with More Free Time) in Less Than 30 Days

Most of us work too hard for too little. We’re slowly being pushed to get more done with less. We spend more time at work with our co-workers than we do with our loved ones. Day-by-day, we’re asked to do more and more, while we’re compensated with less and less. Yet, oddly enough our productivity is actually decreasing. We’re not getting the right kind of work done. We’re not all that productive.

Productive businesswoman

Sound familiar? No wonder we’re exhausted. Why would anyone want to triple their productivity in 30 days when they’re crushed under these work conditions?

Overwork: The hidden key to success?

Continue reading

How to Launch a New Pipe Repair Business

If you want to start a new pipe repair business, you’ll want to start with the basics. The initial steps, aside from your training, which you’ll need to determine based on your state or province, is to incorporate your business. You can go through an attorney to incorporate, but there are plenty of online options.

Tips to run a new pipe repair business.

LegalZoom and the like will be able to help you incorporate your business quickly.

Why incorporate instead of running as a sole proprietorship?

  • You legitimize your business.
  • You limit your own personal liability.
  • You can easily transfer ownership.
  • You can issue then begin to issue stock in the business.
Continue reading

8 Common Mistakes People Make When Applying for a Business Loan

Starting your own business has never been an easy thing to do, as it brings a number of difficulties and challenges. All business owners have their ups and downs, some of them even having to find ways to avoid business bankruptcy.

One of the strategies that can help you get your business on its feet again is to get a small business loan. However, a lot of small business owners make mistakes that decrease their chances of getting a loan.

These are the 8 most common mistakes people make when applying for a business loan.

1. They don’t prepare to get a loan

A number of small business owners simply fail to prepare all the details before applying for a loan.…

Continue reading

How to Make Your Business Popular Online

When it comes to running a business successfully these days, you have to have a strong online presence. Maybe, in the past, having a great ad campaign on billboards and mailed out to customers was enough, but now, having a great website and a strong social media presence makes a huge difference.

Whether you’re a dropshipping company that’s always working with wholesalers, or an eco-friendly forward-thinking ecommerce shopping business, you need to get noticed online. And if you aren’t sure how to do this, or you want to revamp your efforts and get your business’s name on the map, you have to use the right strategies.…

Continue reading

Who You Gonna Call? Essential Services UK Startups Should Use

In many ways, starting and growing a business is a lot like hitting puberty. Decisions get made erratically, unexpected periods of growth and change take place, you’ll often find yourself getting angry for no reason, and will often need to depend on others as you fight your way through unknown territory. But, you aren’t a stroppy teenager (unless you’re a teen wunderkind reading this, in which case we apologise). As an adult running a business, you have a sense of perspective teenagers do not.

Essential services for startups

And, unlike being a full of teenage hormones, you should have a huge range of contacts to keep you afloat when it looks like your new UK-based business venture is turning sour.…

Continue reading

4 Ways to Keep Your Sales Growing

If you want your business to make more profit this year than it did the last, you need strategies in place that boost sales. At its core, sales is all about building relationships with people, whereby you solve a problem or fulfil a need of theirs. This relationship requires trust, communication and the ability to relate to others easily.

4 strategies to keep sales growing

You can build more relationships and strengthen existing ones by demonstrating your expertise, asking your customers questions and telling the story that makes your company unique and trustworthy. By expanding your online reach and offline network, you attract more paying customers. And, those people will recommend your product or service, and even draw in potential partners that can provide more lucrative opportunities.…

Continue reading