How To Grow My Small Business – Has your company reached a growth phase? Feeling stuck and burned out? Grow yourself! This is a very common position that business owners find themselves in. Sometimes your business outgrows your ability to successfully move to the next level. Here was me in the previous business. Here are 10 ways to boost yourself.
One of the businesses I started had grown to almost $1 million in sales and it was impossible for me to run it effectively. I believe that personal growth is necessary to grow a business. Over the next few years, I pursued personal growth in a number of ways, growing my business to $8.5 million in annual sales before selling it to a public company. Personal growth helped me overcome burnout and set me up for rapid business growth.
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Jim Rohn, one of my favorite motivational speakers, said, “Institutional education gives you a job, but personal development enriches you.” There is something powerful about choosing areas where you want to see personal growth!
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Over the years, I have coached hundreds of business people in leadership. Here are some tips I share with my clients to help you grow. Follow these 10 ways to grow to transform your life and your business:
Decide where you want to improve. Some areas may include leadership, sales, marketing, reading financial statements, time management, process management, public speaking, and more. It is said that “variety is the spice of life.” As you begin to learn new areas of business and learn more about areas you already have some knowledge of, you will be inspired! Use some of the tools below to start growing.
You’ve probably heard the saying, “Leaders are readers.” There are many successful entrepreneurs without degrees, but few leaders who don’t. You can read e-books, traditional books or articles.
He recommends listening to audio recordings of motivational speakers and other business training speakers to learn along the way. You can wear it at the gym or when you stand in line, etc. you can hear Doing it will bring ideas and enthusiasm into your life.
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There are tons of podcasts on all topics for you to watch or listen to. Use these free resources.
Of course, the biggest impact for me and my business came from the decision to hire a business coach. Within a few months of working with a coach, my pay doubled and my hours were cut in half! Since then I have always been a business coach.
A good business coach will teach you many aspects of business (we have 36 coaching business areas and 30 1 to 1)
Quarter 2020. A good business coach will guide you in the areas you want to improve. Ultimately, a good business coach will give you an incredible return on investment. It is not uncommon to see a 1000% ROI.
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Attend industry association meetings and workshop presentations. You will learn about the elements of success in the industry.
You can learn from the comfort of your home by attending webinars. With a free webinar, you usually have to sit through a sales pitch. But you can attend a paid seminar and receive training on any topic.
You can find a variety of workshops on Facebook, Event Brite, and Meetup groups. Or search your community’s calendar for upcoming events
Do you regret not getting your degree? Don’t delay! You can study anywhere and get a fully accredited degree. Many e-learning companies offer online degrees and courses so you can learn almost any skill from home. Through the CLEP and Dante program, you can take applicable courses at almost any college or university. And you can prepare for the exam using tools like instantcert.com. Many students graduate in just 6 months.
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Ray Kroc, creator of the McDonald’s franchise model, said, “If you’re green, you’re growing; if you’re ripe, you’re rotting.” Grow yourself and your business will grow. It will change your life!
Has your company reached a growth phase? Feeling stuck and burned out? Grow yourself! This is a very common position that business owners find themselves in. Sometimes your business outgrows your ability to successfully move to the next level. Use these 10 ways to grow yourself that will also help you grow your business. Analysis (1 day) Improvement of personal effectiveness (1 day) Design Thinking course (for teams)
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Challenges are inevitable as an entrepreneur or CEO. These challenges often cause businesses to stagnate without growth, fall behind, and in the worst case scenario, shut down altogether.
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However, a common cause of stagnation in this day and age is lack of maintenance and
Specifically, using technology to effectively collect and analyze data, thereby improving your organization’s data literacy. In this digitized and information-driven world, there is no need for your company to improve its organizational data literacy.
The decision to invest in information literacy has been proven time and time again to make or break a business. In this article, I will cover the different levels of data literacy in an organization and how neglecting this aspect can harm your business growth.
If you’re at a point where you want to grow your small business and don’t know how to proceed, this article is here to talk you through it. Expansion requires investing many of your company’s resources in various potential sectors, so it’s important to know what you’re investing in, how much of your resources you’re going to spend, and in which areas. Invest It is important to retain and acquire both customers and employees. And that’s the only way to do it
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How do you know if a specific investment of your resources, employee wellness or a new customer loyalty program, will lead to real growth? You can only rely on one thing to make these decisions: data. Numbers never lie. So whether your business is data literate can make all the difference.
For an example of what it means to be data literate, check out former Captera analyst Jeff Hope’s definition below.
Data literacy is also a way of thinking about data. A data literate person doesn’t just think in general, for example, “Did sales increase?” They think about the data: “Did that email campaign increase website conversions among women 18-34 in the first quarter?”
It became clear that a lack of adaptation and information literacy can hurt businesses, especially SMEs. According to Gartner’s 2019 Annual Chief Information Officer Survey, poor data literacy is the second most important internal barrier to success.
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Just as illiteracy makes civilizations illiterate and impoverished, information illiteracy causes your organization to fall behind and suffer losses that you could avoid. Unfortunately, many business owners still have the wrong mindset of learning how to read and analyze data in the first place.
If an organization makes hundreds or thousands of decisions a day and takes pictures in the dark without interpretable data (information), the quality of its decisions will be prone to human error and bias. Bad decisions cannot be corrected quickly enough and good decisions cannot be duplicated if an organization cannot know the impact of those decisions through collected information (data).
With the pandemic hitting everyone hard through lockdowns and social distancing in early 2020, the shift from offline to online means data literacy is now more relevant than ever for businesses. As eradicating the COVID-19 virus is difficult and impossible, this digital transformation is not temporary. And many companies have realized this.
“Small viruses are the greatest threat to humanity. They are behind the most destructive epidemics ever known. Despite all modern medicine, we have been able to eradicate only one virus, smallpox, which required decades of worldwide vaccination efforts. – 2020 article in Vox
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“The crisis has forced all companies to examine how to become more agile, flexible and faster,” said Kate Smaje, senior partner and global co-leader of McKinsey Digital. This means higher productivity and therefore better results.
Business leaders say they can complete in 10 days what would take 10 months. Such speed is a wonderful thing
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