THINK BIG
Ways Entrepreneurs Can Grow
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PS EBEN |
Just
because your business is small, that doesn't mean you can't think big. Below
are three ways you can grow your small business without a big budget.
1)Innovate:
One
way to innovate an industry is to find a problem that most businesses are
ignoring.
"Don't
be afraid to solve the hard problems that everyone else avoids," wrote
Clear. "There is a lot of money to be made when you're the first person to
fix something."
"Because you have
passion and because you can tap into dexterity, you have a perfect mix to better
innovate,"
It doesn't require an intense board
meeting to kick off an idea for further research. You can simply plan it and do
it. When
you inaugurate be sure to keep in mind your market and customer base.
2)Plan for growth
If you
think big, you have to anticipate expansion. That might mean having some
general plans in place for taking on more employees, setting up checklists and
procedures to ensure quality control, and investing in products and equipment
that will grow with you.
It allows businesses to allocate their limited resources toward a centered effort to adapt to changes in the business.
3)Don't do it all yourself
It
takes an independent streak and a do-it-yourself attitude to start your own
business, but that doesn't mean you have to do everything on your own. For
example, partnering with a business that handles a specific task and sharing
the profits lets you keep your focus on what you do best while getting a big
project done.
Your
business may have started small, but it doesn't have to stay that way. Plan for
growth and seek out help and partnerships. Then, you can expand to something
larger, successfully and on your terms.
Great piece I have learnt some lessons
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DeleteGOD BLESS YOU
DeleteI am taking up that great challenge to do what people have rejected
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