Three tips to help small companies upscale and compete for big business
When you first hung out your shingle to start a business,
perhaps the idea of being your own boss was the sole motivation. WillowbendService Park respects that you've taken that idea and established your business
identity… so now’s the time to upscale and really
be the boss.
No matter how well your small business is doing so far, it’s
important to consider the next five years – not the last five – when you decide
to expand your space, your time and your marketing… three ways fine-tune your
business for the rest of 2017 and get a jump on 2018.
Size matters, nearly
all the time. If you’re concerned your business appears too small to
impress potential clients, consider leasing office space in a busy, desirable
location. Realtors crow about the three musts for a business being 'location,
location, location.' Your garage or a small shop may have been the prudent
location for your start-up, but an address and business office say 'I'm open
for business.'
Expanding beyond your means without the necessary preparation
could be detrimental to your business’ future. However, the space you're in
today can be the factor stalling your growth. Continuing as you are and not
hassling with moving to create space for clients, employees, or inventory is a
trap that dooms small business.
Marketing matters,
always. In order to get this far, you’ve had to tell hundreds of people
what you do. You’ve sold your services, your products and your brand successfully.
Can you convince more people to trust you with their business?
Social media can help inexpensively up your marketing game.
Large companies get this wrong. They can reach out on social media, but still
lack the local connection you offer. Where large corporate firms can only say
they care about that connection, you can put in the time and effort to actually
be social on social media on a personal level. Staying engaged with past,
present and future clients leverages the trust you've built to date. By the
way, social media can be a gigantic time-saver when you decide to move to that
new location.
Outsourcing matters,
when money matters to you. One of the most widely acknowledged problems
that faces growing start-ups is keeping on top of operations and
administration. Spending time here personally, takes time away from what you can
deliver in person to your clients. As you move to a new space, take that as an
opportunity to evaluated where you're spending your time and where you want to
be spending it. Keep in mind that as your business expands, so does the amount
of administrative work, giving you less time to focus on strategy, and
ultimately, less time making money. Outsourcing is an effective way to tackle
those tasks that get in the way of day-to-day business.
Photo by Mauricio Jordan de Souza Coelho , used with permission.
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