Continued from last Monday
Innovation: Never let a crisis go to waste. Try as much as much as possible to maximize opportunities within and outside your domain. Embrace diversification and launch a new product. Be aware of opportunities in several areas of the economy and know where to invest. Invest substantial amount of money to develop new products and services, to satisfy new and potential needs of your market. Asides from the quantum of technological change, founders of businesses need to realize that several competitors are likely to enter the market soon. You need to have courses of action to take to be able to meet the challenge of competition. Be well informed of government policies and predict the future, to avoid being cut off from supplies unexpectedly. Always have a plan B and if possible, C. You cannot afford to be complacent. If it requires you and your team to work beyond the stipulated work time, please do and it would be worth it eventually.
Embrace Partnerships and Collaboration: This to an extent would foster growth for the organization. Be willing to share your ideas with people, network and improve your net worth. Don’t be isolated, try as much as possible to network, if possible, join a community of entrepreneurs to be inspired to achieve more. Co-working facilities like Leadspace, creates an environment to help entrepreneurs and business owners scale. Co-workers at the space are always willing to interact, share ideas and help each other grow.
Stakeholder engagement: This could be through global outreach and insights, strategy design and implementation, meeting shareholder demand, long term economic growth and a transparent financial result.
These 6 Steps Will Grow Your Business Online in No Time
There’s a proven sequence of steps you may follow to ensure your success when you are starting a small business online. I have seen thousands of people start and grow successful companies by doing the following:
1- Find a need and fill it.
2- Design and construct an easy-to-use site.
3- Utilize search engines to drive traffic to your site.
4- Establish an expert reputation on your own.
5- Follow up with your customers and subscribers using email.
6- Increase your income through back-end sales and upselling.
To be continued