EIGHTEEN TIPS TO RAPIDLY GROW YOUR BUSINESS
4 min readFeb 16, 2020
Growing a business like starting one is a process which begins with simple steps. A business can start with only $30, grow to $100,000 and higher. Clientele grows over time. Sometimes it can seem that the business is not growing as fast as you need it.
Other times growth can be so rapid that you are not ready for it. Here are some of the tips to help you rapidly grow your business.
- Determination: Determination keeps you moving forward and as long as you have a goal, you can create paths to that goal, moving ever closer to the success you want. With determination you are able to build a business from scratch and make it grow to your desire.
- Plan: With a laid out plan for your business growth strategy, you can get outside funding. To get funding from lenders or investors, you need to show a business plan. You gain an understanding of your market. You focus your strategies. You can check the financial numbers. Make a proper business growth strategy of at least five years specifying what activities will be carried out in each year respectively.
- Create systems: Key to business growth is systems. A system is a set of things working together as parts of a mechanism or an interconnecting network; a complex whole. The advantage of systems is that your company will meet and surpass all customers’ expectations. You will produce the same quality results every time. You will improve employee’s performance. Your company will reduce costs. Your company will become an organized business.
- Institute policies of finance and marketing. This involves putting a code of conduct and a board in place in order for you to be accountable to someone.
- Innovation: Innovation is a new method, idea or product. For example, you need to widen your range of products in order to meet various needs of the market.
The business has to be diversified. - Family: There has to be a balance between business and family life. Business success is not personal success. Realign your relationship to fit your vision.
- Health: Avoid working yourself into bad health. Do not let yourself get sedated for days in hospital because of exhaustion. Balance work, life and make time for social activities.
- Join Organisations of businesses leaders in your field. For example, if you are a female dealing in international trade, join Organization of Women in International Trade.
- Attend Expos: Attending exhibitions allows you to get in front of your target audience, which is the perfect opportunity to showcase your brand, boost your business image, gain media (and social media) exposure, and, overall, draw attention to your business.
- Improve Packaging: Improving packaging enhances convenience in use or storage; and makes your products easier to identify. A significant improvement in packaging can even create a "new" product by expanding the ways in which it can be used, and thus its potential markets.
- Certification: Key to business growth is product certification. It enables your product to stand out from the competition with a clearly visible mark representing quality. It demonstrates to current and prospective customers that the product has undergone a rigorous audit and testing process.
- Outsourcing: This involves obtaining goods or a service by contract from an outside supplier. Key to business growth is outsourcing social media accounts, promotions and accounting services. It increases efficiency, enables you to focus on core areas, saves on infrastructure and technology, gives you access to skilled resources and time zone advantage.
- Keep up with trends: Keeping up with emerging business trends can help an existing business or a startup. Business owners who spot trends can discover ways to innovate their businesses to make them more profitable or to beat competitors to market with exciting new products.
- Unique Creative Product Development. Key to business growth is uniqueness. Unique = Competitive Advantage. What makes your business unique also gives it a competitive advantage, regardless of your industry niche. Companies enjoy cost advantages when they control and reduce costs, thus enabling them to offer their products and/or services for a lower price than their competitors.
- Honesty: This is a key characteristic of a business and business growth because it sets the tone for the kind of work culture that you want to create, provides consistency in workplace behavior, and builds loyalty and trust in customers and prospects.
- High quality products: Quality is Key to business growth because it is critical to satisfying your customers and retaining their loyalty so they continue to buy from you in the future. Quality products make an important contribution to long-term revenue and profitability. They also enable you to charge and maintain higher prices.
- Consistency: Consistency in your business’s growth is far more important than you can imagine. Being consistent allows you to establish awareness, build trust and deliver your services efficiently and profitably. Without it, your business is more likely to fail.
- Embrace latest technology: Today, companies of all sizes increasingly rely on advanced technology for heightened productivity, improved client communication, and consistent growth. In addition, business leaders who keep current with new and emerging tech can better position the organization for future prosperity.