SimonStapleton.com

5 Tips For Expanding Your Business

Estimated reading time: 2 mins

 

When starting out in the world of business, the bulk of your attentions will be focused on short-term success. Once you’ve mastered those initial challenges, though, you’ll need to take things to the next level. Growth and expansion are key for sustainability, and it’s imperative that you strike while the iron is hot. Otherwise, you could miss out on those opportunities forever.

So how can you ensure those expansions go to plan? Focus on each of the five points below, and the transition should be smoother than you ever expected.

Find A Better Workspace

 The size and quality if your commercial premises have a huge impact on the possibilities for your business. As well as finding a larger workspace that allows you to increase productivity, you should also consider the location. Office movers can help you complete the transition from the old place to the new one without disrupting progress. In some cases, the expansion may involve opening a new branch while keeping the old one going strong too. Either way, a firm grasp of where you will work from is crucial.

 

Learn To Trim The Fat

 This phase of expansion is a great chance to make tweaks and improvements to existing elements of the business. By now, you should appreciate the fact that low overheads are just as crucial as high sales figures. Use this opportunity to find cheaper insurances, energy rates, and delivery services. Meanwhile, you could reduce manufacturing costs by incorporating elements of 3D printing. Either way, use this process to aid efficiency, and you will reap the long-term rewards.

Invest In Your Staff

 Employees have always been your greatest asset in business, and that isn’t going to change now. While hiring new staff members isn’t the only option, it’s one that you will almost certainly use to some level. You’ll need them to integrate with the current staff, though, so monitoring personality, as well as skill, is key. Furthermore, you should ensure that all onboarding processes are up to scratch. Get the new employees working well from day one, and future success is assured.

Upgrade Your Web Presence

 A strong web game brings huge benefits to all modern businesses. Even if yours remains an offline venture, increased awareness and familiarity can only be a good thing. This is especially true when targeting new territories, which is why localized SEO is key. A fresh website design can build further excitement around the brand, which could lead to increased interest in the products. It’s about establishing an even stronger connection with new customers through a great first impression. Blogging and social media channels can help too, so try adding these to your digital marketing strategy.

Up-sell, Cross-sell and Offer More

Building a customer base is one of the hardest challenges in business. Now that you have established yours, finding ways to gain more sales from them should be one of the top items on your agenda. Adding a new line of products or offering a home service can instantly shoot long-term sales through the roof. Of course, you’ll still need to research those ideas before running away with them. Nonetheless, if you get them right, you’ll be giving customers an even greater incentive to keep using your company on a regular basis. If this doesn’t lead to sustained results, what will?

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About the author /


Simon is a creative and passionate business leader dedicated to having fun in the pursuit of high performance and personal development. He is co-founder of Applied Change, a Business Change consultancy based in the UK. Simon is also an Ambassador for Gloucestershire business. Simon is an Associate Member of the Chartered Institute of Professional Development.

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SimonStapleton.com located at Watledge , Stroud, UK . Reviewed by 10,923 readers rated: 9.5 / 10
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