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How to Accelerate Your Small Business Growth?


Having in mind the enormous impact small businesses have on the world economy, calling them “small� is a misnomer. Business owners are waiting for the right moment to push their business forward and scale their efforts. Yet, small business growth requires data, time, proper and thoughtful planning, and some boldness.


When Is the Right Time to Pursue Growth? You, as a savvy business owner want to get out of a constant state and break the stasis, and to take action once one of the following conditions is fulfilled: • A market is on the rise Listen out to the pulse of the market. Is it growing? Yes? Then this is a great opportunity to expand. Get the most out of this situation. • Increasing demand Well, even though getting the advantage of increasing demand may seem obvious, some business owners get too busy with the idea of growth they can’t recognize the chance to grasp for it. When your current customers want to buy more, that is a clear sign you should increase capacities.


• An excessive workload Even though similar to increasing demand, an excessive workload creates a negative pressure. This is a clear sign to expand your business as soon as possible. When your existing team can’t tackle the tasks without sacrificing quality, you are in a situation where you must grow; otherwise – it will profane consistency, quality, and deadlines.


Ways to Propel Your Small Business Growth 1. Leverage existing clients Your existing clients may be the light at the end of the tunnel. If you are looking for growth opportunities, try to establish contact with them. Ask your customers how you can improve your services and products so they can provide more value for them.


2. Find complementary products Opportunities for growth usually come in different forms. Find complementary products to those you already offer. This can boost your profits massively!

3. Form strategic partnerships One of the most efficient growth strategies is to increase demand for your services/products through strategic partnerships. This will open up your business to a new audience, and highly likely get you more customers.


4. Remove unprofitable products or services If you run an analysis of the individual costs and revenues of products and services you provide, you can get a clear insight into products and services that are not bringing you profit.

5. Improve your small business’s conversion rate The easiest place to measure your business’s conversion rate is – your website. Without a website, only a small portion of the audience ends up converting.


6. Grow out of your current space If you can feel your business growing already, back it up by growing out of your current space. In short – when you see some of the indicators your business is growing, capitalize on that chance! You want to act quickly and seize opportunities for your small business growth.


Contact Us • Name : Mindstorm • Website : www.mind-storm.com • Address : 17 State Street, Suite 4000, New York, NY

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small business consultants  

Business owners are waiting for the right moment to push their business forward and scale their efforts. Yet, small business growth requires...

small business consultants  

Business owners are waiting for the right moment to push their business forward and scale their efforts. Yet, small business growth requires...

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