“What’s the key strategy that significantly helped your business grow? Share your success story and tips for growing a business! #businessgrowth #entrepreneur #successstory #tipsforbusiness #techhelp #businessadvice”
Greetings and salutations to all! Whether you’re a seasoned entrepreneur or just starting out, I’d love to hear your insights on what worked best for growing your business.
Planning to embark on my own business venture soon, I’d greatly appreciate any advice, anecdotes, or strategies you may have found effective in expanding your business.
If you’ve got a knack for integrating tech into projects, let’s collaborate and take our businesses to new heights!
Thank you in advance for sharing your valuable tips and lessons learned. Let’s grow together and make our business dreams a reality!
Create a feedback loop
Learn, Implement New Ideas, Gauge Results
Don’t accept anything as a given and always stay hungry for knowledge
I spent a lot of time inefficiently in the past. I would find something new to try, think that it was the solution to all my problems and laser focus just on that one thing.
Problem with this, is you become delusional even when the data is telling you it’s not working
Consistent small, daily outbound
Systems. Everything in a business is about a system. You hire a good manager.. the first thing they do is put in a new system. The stronger the system.. the less issues you have and usually the stronger the business runs. Consistency is key in any and all companies.
Instead of chasing new, we’ve hardcore focused on over-serving our existing clients.
Results:
LTV up 78%.
Referrals like crazy.
Sales cycle much faster.
Profit up 50-ish %.
Rework way down.
Team energized and excited.
Etc.
Context: We’re a strategic publishing & authority marketing agency.
Automation, protocol, and office culture.
Also marketing. Good marketing pays off in easier sales
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Showcasing my work to the world. Simple yet powerful advice
Showcasing my work to the world. Simple yet powerful advice
Interesting
Trades; to implement closing notes and closing checklist on jobs for most common issues that prompt a return visit such as values on dials, levels on fluids, equipment info, etc.
This leads to less unnecessary return visits ultimately opening more time and reducing unaccounted costs. (I’m in Operations management)
Implementing fleet maintenance schedules (reduced unaccounted repairs), fleet load-ups of most commonly used materials (less unnecessary supplier visits).
I’m by no means cheap, however these implementations save at least 3-10x what I charge.
I need to get 10 comment karma for a post
SEO
Organic traffic = free leads
Also, if you do it right you can qualify your leads before they reach out to avoid wasting it.
Let everyone you know and have ever worked with know what you’re doing.
Send a personalised note telling them you’re now doing XYZ and ask if they know anyone who needs help with XYZ.
Post to all your social media accounts that you’re doing XYZ and ask if they know anyone who needs help with XYZ.
Leverage the network, trust, and good will you already have.
Focus on customer feedback loops early on.
Don’t go after peoples personal bank accounts. If someone wants a website from you and they’re starting a new side gig funding it with their own personal money, it’s not really worth your time. You’d be lucky to get a few hundred dollars maybe 1k.
BUT if you focus on more established businesses and corporations with marketing budgets you can easily make 10k+ for the same amount of work it’d take you to build that side gig website for 1k. Those clients are also less of a headache because that 10k is not coming out of their personal bank accounts with money that could be paying for groceries, mortgage, car payment. That 10k is coming out of the business marketing budget. Get 10 of those clients and you’ll make 100k. If you focus on getting 10 clients that pay 1k out of their personal bank accounts, you’ll only make 10k for 10x the amount of work.
It is always about people OP. Your relationship with your clients, customers, workers. Might sound cliche, but it is true. Always about people relationship.
Marketing.
Systems and automation for sure. With technology today its crucial to utilize that to automate certain parts of your business.
We built a CRM before we started our lawn care business. In that, we came up with the instant price quote system where people can enter an address and see pricing, if like it, book online. Put it an address and see lawn care pricing isn’t totally new but we made it not a marketplace app but a feature inside the CRM. This helps us grow really well for our local business. We now have a version for other landscapers also.
Focus.
Get a good bookkeeper or accountant
Customers
Hi Usman, you can offer your existing clients/businesses Virtual assistants and we can collaborate on that, I will pay you a decent commission on every client that comes through your network.
Investing in learning design thinking, and invest in learning of the team too. It’s hard to implement if only the leader knows how to.
My biggest win is testing new ideas 90% would be loosers but then some turn out to do the revenues 10x or increase the ads results by 2-3x suddenly
Learn at least 1 new piece about your business everyday, this creates a fast paced plan rather than learning every other day
Shopify
We are consistent in onboarding the startups and that really helped us bagging new customers for our services and we are still growing and exploring more ways to grow better.
Ty
Systems and consistency. Systemise simple and repetitive tasks. Review the system regularly to make sure it is working and tune it as needed. Then ensure consistency. Generally when things start going wrong it is because something basic is not being completed consistently.
Radical Generosity.