All companies include growth as a natural part of its objectives. Well, either that you have two or twenty collaborators, always you are interested in your business to grow and expand.
However, as the company is beginning a planned process, the overall growth should be too. And when I say full, I mean that all the elements necessary for that business development den positively and taken to perform better and of course, better earnings.
Of course you will find several models to drive the growth of your business, however, there are some fundamental principles that undoubtedly will help you grow without losing control of your organization, which is extremely important.
1. Constant supervision of the business
One of the most complicated things but the most important time in a company is to maintain control and be aware of everything that is happening to make the right decisions at the right time. In this sense, much it requires the owner to get involved and be in control of the important areas of the business.
Get people you trust, prepared, intelligent and passionate to entrust this delicate mission to be “Your Eyes” within the company. Good supervision can make the difference between failure and success of the company. Production can improve the use of inputs may be more efficient, purchases can be smarter and in general, all your resources will be better used.
2. The eye on the accounts
If I’ve been in business for Chinese it is that the owners are always at the bottom of the box, getting the money. That is probably one of its greatest secrets. So a good tip is to always keep your eye on the accounts and be very careful to look where every penny is.
Successful entrepreneurs tend to be very careful in this regard and never taken lightly expenses. If you’re not good with numbers hires an accountant to help you organize your accounts, but finally recalls that the responsibility for finance is totally yours.
3. Sell, sell and primarily sell
I always say in my seminars and keep lifetime. If no sales, no business. You can be the best producer in the world. You can have the best engineers to be creative or high technology. But none of that work if you do not learn to sell.
Produce is important, but to sell our products and services it is even more. If you’re not an expert in sales, today begins a course. Hire vendors, looking for people to go and put the product to attract customers and close business. That will bring cash flow to your business, stay healthy and fit for growth.
4. Better costs, more profit
Proper management of costs is a science, so to speak elegantly. And no wonder because the good management of costs is the big difference in your profit margins.
Of course, one should always look for the perfect balance between cost, quality and productivity. For example, it would not help you send your messenger to deliver correspondence by bus under the premise that “it is more economical because fuel saved.” Since performance which could deliver significant decay in the day.
Hence, you should always seek to obtain the best benefits at the time of purchase to ensure greater profitability in your business.
5. Establishes annual, quarterly and monthly goals
Who does not have clear goals and not getting anywhere. For your business to grow and develop, the mints approach to measure how well we are progressing necessary. Hence the importance of regularly setting goals that your team knows and with whom to engage.
Setting goals is a great exercise to help you clearly know where the organization is going and eventually correct the course in an orderly and planned manner. Also, remember that failing a goal, or within a target is not the end of the world. But do not have goals, if it could be the end of your business.
6. Create and promote your brand
If you have a brand, you start working on it from today. Then, start building your brand and give it value. This is a process that rarely intangible value but can be a determining factor growth of your company.
If you do not know how to work your brand, find some advice and make sure your employees know where they are going.
7. Encourages the good work
One of the great values of your company is your staff. Your team. Today it is increasingly difficult to get loyal, ready and committed to the vision of the company employees. Hence together a good team and constantly encourage them to become parties is very important.
Good treatment, fair conditions and recognition are just some of the ways you can keep motivated and your eyes on the goals of the business staff.
Focus is to know exactly what we want and work on it without distractions. Many companies, in their eagerness to embrace more market impromptu integrate different product lines, varied services and end up making a lot of everything and just about anything. Which instead of being translated into higher incomes, often debilitating and can represent a significant drain on resources.
The approach, objectives and good planning will help you stay on track and always know clearly that’s what you really want to be in 5 years time and work to get enforcement.
9. Always transmits a vision
Leaders convey, inspire and guide the teams to the desired path. Vision is needed to grow, you need to see what others fail to see. The vision is the fuel that generates the energy to keep working hard to achieve it.
10. Take care of your customers
What are the business without customers? What can be achieved if we take care of our customers?
Surely you know the answer: nothing!
The customer is the life of our organization. So you can not afford to neglect, poor serve them, forget them or simply “not listening”.
Especially today, in the age of information and social networks, customers will find options very easily. So if you really want ideas to grow your business, here they are: take care of your customer.
11. Reinvests a percentage of your earnings
Last but not least, the reinvestment. For a company to develop reinvestment so that each of its areas requires strengthening. Especially at the beginning, this is very difficult if you have no budget for it, why must still pay more attention to this important principle because it is one of the keys to growth.
Reinvested each year a percentage of your profits in training, automation, research and everything that helps you differentiate yourself from your competition. Only then you will achieve your business grow healthily.
As I always say, do not pretend everything at once, take these tips and start working on them one by one to implement the results they arrive.
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