10 ways to grow your business (part 1)

You’ve taken the leap or were grandfathered into business

ownership, and now you’re thinking about turning that business into an

empire (or something worthy of a nice big

check in a few years by a wise investor).

Here are the top ten ways you can grow your business.

1. Really get your name out there. Make your name abasic, industry leading staple in your trade.

There are tons of ways to go about this. Start withheavily considering the idea of spending a good amountof money on advertising.

Billboards, local television advertisements, newspapers,and niche-specific magazines are all good startingexamples.

However, it will pay to think out of the box a little.Trade shows are one way. Forums are another-whether online or in a physical setting. State fairs.Be where your competitors are and bring your best.Interact with the public on a personal level.

2. Compete! If you want to grow, being “just goodenough” isn’t going to cut it.

Besides, in the world of business, in many ways progressis spurred by competition. Within your own business,don’t be afraid to trim the fat if it’s not helping youeither, and encourage employees to compete amongeach other themselves.

3. Up your prices.

This is of course, the fastest way to grow and increaseyour bottom line. Any extra, let say 5% on top, can bereinvested into your business.

4. Spend more time in sales.

This might mean rethinking your lead generationcampaign or updating your unique selling proposition.Spend time selling directly to potential customers andclients.

5. Extend yourself!

Sometimes one of the best investments you can make inyour business is expanding it into a new area and a newpool of customers. You can do this either physically byopening a new store, or virtually if you’re online bycreating a sister website to your main website, or addinga blog to your website or online store.

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