Weekly Business Tips; The Four Basics of Business
There are four basic ways to grow your business;
- Increase your number of customers
- Increase the number of times each one does business with you
- Increase your pricing
- Increase your own effectiveness and efficiency
Increase your number of customers
Increase customers by building your brand, identifying your USP and your target market.
Increase the number of times each one does business with you
Create Repeat business with current clients by upselling and creating a strategy for that.
Increase your pricing
You can increase your pricing by looking at what you are currently charging and seeing where you can add value and therefore increase the price.
Increase your own effectiveness and efficiency
You can increase your own effectiveness and efficiency by looking at the systems within your business and improving upon them. This could be by implementing automation using cloud not just in your accounting but in other areas as well.
If You Can’t Measure It, You Can’t Manage It.