Ten tips to help improve your business

The past few years have been rocky for business. More recently, the impact of inflation, increased shipping costs, and minimum wage rises have meant running a business has become trickier than before.

Here are ten tips to help you improve your business so you can drive business growth and achieve your purpose, vision, and goals.

1. Eliminate distractions

Time is our scarcest resource and is the biggest killer for most businesses. When we get busy, we can also get distracted and focus too much time and energy on the wrong things. Be brave - slash standard meeting times, reduce unnecessary administration, and delegate roles and responsibilities.

2. Say goodbye to bad customers

If possible in your business, get rid of ten time-wasters, bad payers, or customers/clients who cause you pain. You will feel instant relief and free up your time to be better spent elsewhere.

3. Invest more

Having freed up time and headspace from implementing the two tips above, make sure you ring-fence your time, your key people, and money for some of the initiatives below. Implement with passion!

4. Get a plan

You don't go on a journey or trip without a map or any idea of where you're headed - so why are you flying blind in your business? Develop a planning process, create a great plan – and execute it.

5. Surround yourself with positivity

Make sure the people in your business understand and share your vision. Bring them onboard, listen to them and give them ownership. Don't let people who don't ‘get it’, or don't care, weigh you down. If they're not right, do them a favour and free up their futures.

6. Use technology

Technology can help you decrease administration, improve communications, improve reporting, and accountability. Whether it's for team communication or cloud-based tracking, reduce paper use and automate where possible.

7. Keep on top of the numbers

Do you have enough information to monitor business cash flow and see emerging trends? We can help you track your cash flow on a regular basis, so you can run your business efficiently.

8. Be different

Break the mould and position yourself to attract ambitious, growing, and engaged clients and employees.

9. Start marketing

Create a simple marketing plan and set aside a budget. Start by making sure you really understand your customers. Keep existing customers happy as it’s easier and cheaper to retain customers than attract new ones. The more you know about your customers, the easier it will be to attract more of the same.

10. Take a break

Don't underestimate the benefit of time away from your business. Plan mini-retreats or team planning/building days. Time away allows you to come back refreshed and look at things with a new perspective and refuels your enthusiasm and inspiration for the future.

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