You have no doubt set goals for your business this year, in terms of both sales and actions. You know that you want to expand and build on the solid business foundation that you have laid, the challenge is in working out which direction to move in next. That is why today we are sharing with you a few suggestions around how to grow your business in 2020.
Change your premises
Some businesses reach a point where they outgrow their existing premises and set up. It might be that you have started your business at home and this has suited you until now, but you now feel ready to take on a larger space. Perhaps you need to store more stock, need more space to create or need to accommodate staff.
In other cases, you might have a workshop that is prohibitive in its size or layout. Would a new space allow you to more effective and productive? You might have a store that would benefit from being larger or in a different location in order to attract the right clientele. Or perhaps your offices are no longer large enough for your team?
Changing your premises can make a significant difference to the expansion of your business.
Expand your team
This might be the right time for you to expand your team. You might be working alone at present and can see the need for staff, or you might have a much larger operation and have spotted the potential for an additional department.
If you are working alone currently, this is a big step. You could opt to work with someone on a freelance basis, or you could choose to employ someone directly. Think about the role that you will need them to fulfil and the skills and attributes that you are looking for before recruiting. This is your chance to lead your own team so do ensure that you are hiring the right people for your business.
If you are looking to grow your existing team, due to greater demand or perhaps to give you the opportunity to develop a new service or product, do look at your existing staff first to see if they are suited to this new project. This could be an opportunity for one of them to head up the new department and help you to select the right people for it.
Seek help from others
You can grow your business by seeking help from others. You do not need to take everything in-house in order to expand, you could outsource regularly or work with new contractors and designers.
Take a look at where you feel you would benefit from making some changes or could use some help. For example, you might need specialist equipment or services from companies such as https://www.mobilepaint.com/our-products/industrial-oem/ or you might need specialist knowledge from website designers or app creators.
Your business could grow with the help of a professionally designed website, an outsourced social media manager or improved products, so do look at working with others to deliver them.