Sustainable Business Tips for Successful Small Business Owners
- July 9, 2021
- Posted by: Funmilola Sanya
- Category: Business Advice
Many small business owners have a common challenge of growing and running a business effectively. The goal of every entrepreneur at the beginning of their career is to record progress in their business and count lots of profit, only to find out that running a successful isn’t a walk in the park.
Long-time business owners would agree that business can sometimes be difficult. Goals wouldn’t be met, there’ll be losses instead of profits, the business might run at a slow pace, and it might feel like you’re treading water with your small business.
These tips are worth paying attention to and they’ll help you in having a successful business:
Provide great customer service
One of the advantages of running a small business is that you can easily manage your customer service. It allows you to cater to the needs of every customer by going the extra mile to make them feel valued. No matter the industry you are in, providing your customers with the attention they deserve is vital to the success of your small business.
Here’s how you can provide great customer service to your customers:
- Make a good first impression
- Have good manners
- Have a can-do attitude
- Establish meaningful connections
- Make calls instead of emails
- Pay attention by listening
- Do regular check-ins by getting personal
Build a support network
Being a business owner can be a lonely experience at times, especially if you run your business alone. From time to time, you might experience some tough situations, and you’ll need the support of others to help you stay afloat. A solid support system with loyal and dependable business owners will help you weather the storms.
Here’s how you can build a support network:
- Get involved with local events
- Join an online community (The Scale Exclusive Circle is a community of business owners and career-focused people and a good place to find support)
- Be open to mentorships
- Surround yourself with sub-contractors ( accountants, lawyers, virtual assistants, and the likes)
Build an online presence
We are in the 21st century where it’s difficult for a business to succeed without an online presence. Times are changing, and more than ever before, business owners are investing their resources into building a digital presence for their businesses. According to a report by Statista.com as of January 2021, there were 4.66 billion active internet users worldwide – 59.5 percent of the global population. Of this total, 92.6 percent (4.32 billion) accessed the internet via mobile devices.
An online presence can be defined by how easy it is to find a brand or company online. It’s important to build your brand’s reputation, increase brand awareness, and provide visibility to your products or services when users are searching for related keywords.
Here’s how you can build an online presence for your small business:
- Run social media accounts
- Shape your media identity
- Have a website
- Build an email list
- Produce valuable content
- Be active and visible online
- Focus on SEO
Study and analyse your competitions
Except your business is of no value to consumers or is a business no one wants, don’t make the mistake of thinking you don’t have competitors just because you run a small business. Even the most successful businesses have competitions. Your competitor is a business that offers a substitute or similar product/services that makes your own redundant.
Knowing who your competitors are will inform you of their locations, weaknesses, strengths, products/services, marketing strategies, and prices. This information will guide you, encourage you to innovate, and help you stay on top of current trends and tactics. The more information you have about them, the better.
Be specific with your set goals
No matter how well structured or organised your business is, your goals are the greatest motivators that drive you. Your goals should align with the vision and hopes you have for your business, and If you’ve set big goals for your business, break them into smaller pieces, that’s the only way you can achieve and record progress.
Setting business goals is the first step in achieving success in your business. By doing that, you create plans for your business and fuel the strategies in achieving those plans. Consider your goals as the fuel needed to reach your destination.
Remember that all goals have a timeframe for achievement. At the end of the time, you should be able to sit back, evaluate your results, rethink and reevaluate your goals, and establish new goals where necessary.
Featured image: istockphoto