In this day and age, especially during the pandemic and most likely thereafter, the possibility of failing is great. This sad reality is disheartening and intimidating and more often than not, hinders budding entrepreneurs from taking that leap of faith.
Below are some tips to help grow your company.
Process – Delegate – Scale
Whether you’re attempting to launch a startup or trying to grow your current business, you should always keep this mantra:
Your business is your baby. It is your project, your passion and your dreams combined.
Your ultimate goal when you build your company that can scale should not be responding to emails, running the daily processes, deliverables and many more. But why? This is considered unsustainable growth.
Instead, what you should do is process, delegate and scale. Without a process-driven ethos, you won’t and can’t effectively delegate and scale.
The first months of your business are a profit-driven dream.
You only have few clients, and you’ll be strapped for time and patience but your overhead is almost nonexistent.
Beyond basic expenses on office rent and utility bills, software and time, your profit margins are sky-high. And this is a clear sign that you will want to hire much faster. Early profits are like a siren song calling in the distance, distracting you from the treasure that lies ahead.
Lay the groundwork, refine it and then light it up.
Your number one source for sales all comes down to marketing. Many years ago, companies would either rely on word of mouth or advertisements on newspapers as they’re more cost-effective than that of putting adverts on televisions. But with the age of internet, it is now easier for you to grow your business and make yourself known with only just a few clicks and a couple of dollars. You should not only publish marketing for your company but also make sure you expand your social network. That way, you not only get yourself out there online but through word of mouth which is a much faster means, anyway.