Problems with optimising your business
Getting more out of today's business, growing, expanding, achieving your vision and success
Business is going well but you want it to do better - you want to scale up and grow!
You want to grow your business but are not sure of the best way to achieve your goals. Should you introduce new product lines? Should you be covering a bigger area? Can you afford to grow? How are you going to finance new machinery, staff or vehicles? Could you make more money from your existing business?
These are concerns faced by all business owners as they try to move their business into the next phase of its life cycle. All businesses are different but many of the problems of growing a business and growing it sustainably so that the growth can be maintained and built up on, are similar regardless of the market you operate in. We've highlighted below some of the most common worries and problems we've been approached with ...
Problems making tangible PROGRESS
by cranking up the profits of your business
Unlock more from the business you already have
You already have a customer base. Are you having problems retaining business? Could you increase how much and how often your existing customers spend money with you? Are you spending a disproportionate amount of time and money on a few troublesome, low profit clients? Is your product/pricing mix maximising profits?
Expand - new products, new services, new markets
What are the future growth opportunities in your current business? Should you be considering buying another business? Could you add to your product range? What's the next big thing in your market? Are there any gaps/niches you could fill?
Find the money to support your growth
Your business is growing but you're running out of cash to fund that growth. How are you going to fund new product lines or the technology you need to deliver growth? What's the best source of finance? How do you persuade someone to invest in your business?
Problems TARGETING your future and working out how you are going to get there
Where do you want to be in 5, 10, 15 years time?
Do you have a vision of where you're going to motivate yourself and your team?
Otherwise how do you know where you are and which direction to travel?
Success Drivers
Once you know where you want to go, you need to map out how to get there, set SMART business goals and have a plan that's integral to your business success.
Problems making sure you're ON TRACK to achieve growth and realise your vision
Measuring performance
Have you got in place key performance indicators for each area of your business with real time, accurate and reliable data to give you the control to achieve growth?
Leveraging Technology
Technology will help you to achieve your goals including CRM systems, performance measurement tools and technology, cloud financials and apps. Leveraging technology is currently where the most successful businesses are spending their money.
What's the competition up to?
Do you know how your business compares to the best companies in your industry? What could you learn from your competition?
You may think you're doing well, but what do your customers think?
Your customers are happy most of the time but your customer retention and your average spend rates have scope for improvement.
Constant business challenges and growing it sustainably is not easy, if it was we would all be millionaires!
But it is achievable with the right plan, management and controls. You need to get the most from the business you have, identify the best path to growth and ensure you have the right people, systems and finance in place to achieve it. Most importantly you need to have razor sharp focus on your goals and the determination to see it through. It won't be easy, there will be setbacks, but with the right advice and support, a few sleepless nights and a lot of hard work, you can achieve it!
We can't promise to make you a millionaire, but if you listen to our advice, accept our help and support, you can grow, make more money and gain a huge amount of satisfaction from your achievements.
