When you think about business growth planning for your business, what does this mean to you? Is growing your business the same as seeing an increase in your income? Does business growth simply mean increasing how many sales you are obtaining? It is critically important that you are able to understand what business growth will actually mean to you and how it can fit into the transformation of your business.
If you are interested in creating a business growth planning strategy for your small business, we encourage you to keep the following 5 tips in mind:
5 Tips for Business Growth Planning:
#1: Review the performance of your sales team. Is everyone meeting their sales goals for the month? Do not be afraid to make changes when you think they are needed.
#2: Make sure you keep notes of everything that needs to be done on a daily basis. If you are having trouble staying on track, do not be afraid to use outsourcing.
#3: Try to obtain better methods of receiving your products and services. Try to find lower prices and better deals.
#4: Accept feedback and opinions from your employees on how certain procedures can be handled more efficiently and effectively.
#5: Use surveys and questionnaires to find out how they like your products and services and what things they do not like.
Running a business does not need to be complicated! Keep it simple!
Check out our website at www.portalcfo.com for more tips on how to grow your business profitably.
Manny Skevofilax is a consultant and speaker that helps his clients successfully navigate the challenges of growing their businesses profitably. Since 2003, Manny helps businesses enhance their results by using his experience in strategic planning, financial statement analysis, operations, organizational development, and team-building. His consulting firm, PORTAL CFO Consulting, Inc., has attracted clients from diverse industries in the United States and abroad.
Manny can be reached at 410-808-3441 or via email at manny@portalcfo.com.