How To Grow Your Small Business This Year

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As we settle into 2020, you are no doubt developing plans and goals for your business. That is why today we want to share with you a few suggestions around how to grow your small business this year, as we hope to support and inspire you. 

Expand your team

 

If your business has reached its natural limits, this might be the right time for you to grow your team.

 

An extra pair of hands or an entirely new department can boost productivity and output and help you to meet increased customer demand. It can also take the pressure off your existing team by getting extra staff in, which should enable them to be more productive and happier in their roles. 

 

If you decide to do this, ensure that you are recruiting wisely and then you take the time to train new team members effectively. This will ensure that they have the skills and confidence to carry out their roles effectively for you and it gives you a chance to get to know them better. It can then be a good idea to buddy them up with an existing team member for ongoing support and to help them to forge relationships within the team. 

 

Upskill your team

 

Whether you choose to expand your team or not, you might find that by spending the time upskilling your team, you can grow your business. 

 

Your team might be able to complete more tasks than they currently undertake. This could give some people greater responsibility and a boost in their motivation as they learn new things. 

 

Get others involved 

 

Whilst it can be useful to grow your team and keep everyhting in-house, sometimes it makes more sense for your business to get others involved. 

 

For example, you might know that you would benefit from having some of the administrative tasks taken away from you, but as these are relatively small it makes little sense to employ someone to complete them. It can also be more trouble than it is worth to train someone new to carry them out. In this case, it might be worth outsourcing and using a virtual assistant to get this work done for you. 

 

Your business might then benefit from more specialised services, so you might look into Strategic Network Planning for your computer systems or you could get a marketing consultancy firm involved to help you to develop a coherent marketing strategy for the year. 

 

Think about your premises 

 

Are your current premises fit for purpose? In some cases you might need to update or alter your existing workspace and in others you might find that you have outgrown your current site and you need to move on.

 

A larger space is not always a better space, as sometimes the layout, accessibility and location can have a greater impact on your business, so do bear that in mind. 

 

Get your team involved in helping you to design and create the ideal working environment as they will not only contribute some valid points and good ideas, it will also ensure that they are happy and comfortable in their new environment.