Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,031 members, 7,818,046 topics. Date: Sunday, 05 May 2024 at 05:54 AM

9 Tips For Growing A Successful Business - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / 9 Tips For Growing A Successful Business (696 Views)

Attributes Of Successful Business Owners / 8 Tips For Growing A Small Business – Ideas For Aspiring Entrepreneurs / Basic Marketing Strategies For Growing A Profitable Business As An Entrepreneur (2) (3) (4)

(1) (Reply)

9 Tips For Growing A Successful Business by Pseudonymous: 12:47pm On Jun 04, 2016
To succeed in business today, you need to be flexible and have good planning and organizational skills. Many people start a business thinking that they'll turn on their computers or open their doors and start making money - only to find that making money in a business is much more difficult than they thought. You can avoid this in your business ventures by taking your time and planning out all the necessary steps you
need to reach to achieve success. Read on to find out
how.


1. Get Organized
To be successful in business you need to be organized. Organization will help you complete tasks and stay on top of things to be done. A good way to do this is to create a to-do list each day - as you complete each item, check it off your list. This will ensure that
you're not forgetting anything and you're completing all the tasks that are essential to the survival of your business.

2. Keep Detailed Records
All successful businesses keep detailed records. By keeping detailed records, you'll know
where the business stands financially and what potential challenges you could be facing. Just knowing this gives you time to create strategies to overcome the obstacles that can prevent you from being successful and
growing your business.

3. Analyze Your Competition
Competition breeds the best results. To be successful, you can't be afraid to study and learn from your competitors. After all,
they may be doing something right that you can implement in
your business to make more money.

4. Understand the Risks and Rewards
The key to being successful is taking calculated risks to help your business grow. A good question to ask is "What's the downside?" If you can answer this question, then you know what the worst-case scenario is. This knowledge will allow you to take the kinds of calculated risks that can generate tremendous rewards for your business.

5. Be Creative
Always be looking for ways to improve your business and to make it stand out from the competition. Recognize that you
don't know everything and be open to new ideas and new approaches to your business.

6. Stay Focused
The old saying that "Rome was not built in a day" applies here. Just because you open a business doesn't mean that you're going to immediately start making money. It takes time to let people know who you are, so stay focused on achieving
your short-term goals and give the rest time to come together on its own.

7. Prepare to Make Sacrifices
The lead-up to starting a business is hard work, but after
you open your doors, your work has just begun. In many cases,
you have to put in more time than you would if you were working for someone else. In turn, you have to make sacrifices, such as spending less
time with family and friends in order to be successful.

8. Provide Great Service
There are many successful businesses that forget that providing great customer service is important. If you provide better service for your customers, they'll be more inclined to come to you the next
time they need something instead of going to your competitor.

9. Be Consistent
Consistency is key component to making money in business. You have to consistently keep doing the things necessary to be
successful day in and day out. This will create long-term positive habits that will help you make money over the long term.


Conclusion
Starting and running a successful business can be rewarding and challenging. Success requires focus, discipline and perseverance. However, success will not come over night
- it requires a long-term focus and that you remain consistent in challenging environments.


Source; http://www.investopedia.com/articles/pf/08/make-money-in-business.asp
Re: 9 Tips For Growing A Successful Business by Pseudonymous: 9:54am On Jun 25, 2016
Lalasticlala

(1) (Reply)

Run Your Petrol Generator On Gas / Nigerian Woman Named Head Of Major US Television Network / 5 Weeks In Tomatoes Business

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 14
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.