You should be constantly looking to take your business to the next level in every aspect. It should be your pride and joy, so boosting it at every chance you get needs to happen. Without pushing for growth, you’re going to stay at the same profit margin, and to be honest, business might get a little bit boring for you. There’s so many different ways of doing this. Take inspiration the entrepreneurial giants such as Tesla or Richard Branson. They’ve built their companies from virtually nothing, into multi-million dollar industries. You don’t get there without hard work, determination, and a hell of a lot of setbacks along the way. One of the key things however, is making sure you chose the right time to do it. So many businesses jump straight in and push for growth far too early. You need to focus on the baby steps and go with the flow. Pushing it too early will only put you at a loss. Take a look at these simple steps, and how it can help your business.
Let’s use the story of Richard Branson as an example. His first business venture was a magazine, he then went on to set up a mail order company, before finally launching the famous virgin record stores. He had so much determination and passion, he kept going until he finally found the money maker. This is the stance you need to take. Push and push until you finally get the idea that’ll give you room to expand. From Virgin Records, Branson then bought this first boeing plane and started up the Virgin Atlantic airlines, one of the most successful airlines in history. The point we’re trying to make is, if you’re looking to expand and your current business isn’t allowing it, then start a new one. You don’t even have to go into the same industry. If you own a car garage that’s struggling to compete, look into other business ventures such as online marketing. A complete 180 compared to the car garage, but it might open more doors. Alternatively, if your own company is doing well and you’re bringing in a steady profit, then look into expanding your original idea. Start by making new products and rolling them out to the public, if they’re successful, hire a new staff member or two to help with the production. Slowly make little chips and see how it affects business. Don’t dive into the deep end or you’ll most likely end up losing out if the idea fails.
To take your business to the next level, why not take your office with it. People associate offices with dark, cold, uninviting places they have to spend 8 hours of their day. Let’s use another successful company for a little inspiration. If you haven’t seen Google’s offices, you need to take a look and grab some inspiration. They have slides, sleeping pods, bright open spaces, mood boards, bikes. Pretty much everything you can think of, Google has it. Doesn’t this sound like a fun place to work for? Now, let’s circle back to your dark and dingy office. It’s got to go, which means time to renovate. Renovating can be a tricky task, your office will most likely be filled with unwanted rubbish and clutter that needs to go first. Que a rubbish removal service. They’ll do everything for you in terms of clearing the place out, leaving you to focus on the design work. For more information visit samedayrubbishremoval.com.au. Rubbish is the last thing you need in any office, so making it clear should help give you a clear mind to visualise what’s needed. You need to focus on getting the right amount of space, the right amount of fun, and the right amount of light into the room. A happy inviting work environment can only be good for your business. Try and add in fun areas such as a vending machine and chill out area. You could also add in a gamings system for everyone to have a go on to give them a break from their work. Happy employees are hard working employees, they’ll only help take your business to the next level.
3. Team Growth
As said in the previous paragraph, your employees are what will take your business to the next level. Without them, you’re struggling through on your own with nowhere to turn. Yet it is so easy for business owners to disregard employee’s in their own search for power. You need to be able to grow as a team, rather than individuals. Sit down and talk to them about what they want from the company, and how they think areas of business can be improved. You’ll have some really passionate people working for you who know your business well. They might have ideas on how the business can be took to the next level, as well as how you can improve as a boss. Focus on putting their happiness first, and you’ll watch your business grow. Give the sociable working hours as much as you can. Give out random incentives and bonuses, and most of all, just tell them they’re doing a good job. Boosting their morale will boost production, a boost in production is a boost in sales, and a boost in sales in a boost towards the next level.
Sometimes business is just a little too hard to manage on your own. So much so that things can get a little out of hand, and mistakes can be made. This is where your business will fall. The best way to control this is outsourcing. Take marketing for example, getting your brand noticed is the perfect way of taking business to the next level. But doing it in house can sometimes be a nightmare. Letting someone else control it for you, and having a fresh view on how things work will only help you. Same for things such as production. Having a fresh set of eyes can sometimes help you understand where you processes are going wrong, and how you can improve. Don’t be afraid to accept some outside help.