A Business Growth Survival Guide for This Competitive World

Every business is going to come across some things that might help manage an expansion, and you should begin a search for things that can be used right away in your office. There tend to be a few items that you could use in the office because they help your employees have better work days, and you must build up your employees with things that you clearly put some thought into.

Business Growth Survival Guide

Each little task could make your business a great place to work, more profitable, and less stress-inducing.

1. Motivate with Entertainment

Entertainment can become the best motivator in a corporate firm. Your company needs to arrange game shows, movie or dinner outings, laughing sessions and more that can entertain your employees to work better with a fresh mind. You can make them play game shows at random intervals, and most managers discover that the games make it more fun to come to meetings. You might use a pass around buzzer with the staff if they want to chime in with their ideas, or you could play product trivia with a sales team. Play an industry trivia with your staff if they all meet together, and they start to look forward to the games because that makes the company feel a little bit more human.

Mentioned above are few of the entertainment tricks you can consider applying and you can also think of buying a game show buzzer that makes the games more fun if you're making it as a frequent workplace activity.

2. Make a Daily Plan

You should create a daily plan for your whole staff. The daily plan helps the staff learn what they need to do, how much time they have to do it, and what they should do next. There are employees who deeply appreciate the daily schedule because you can send it to them on their mobile device or over email. You can buy a program that creates a calendar on every desktop, and you should use that program to check when tasks are complete. Something that lets everyone check off the work they have done helps them remain productive during the day.

3. Save Money

You should put money aside for the future so that you can use that money for things that have caught you off-guard. You never know when your business might need more money for future products, or you could use that money to invest. Investing the money you have saved helps you create a profit that could be folded back into the account or general ledger. Someone who is trying to improve their overall cash flow position discovers that having a saving account protects the bottom line. You can even afford to pay bonuses when times have been lean.

4. Outsource

You do not need to hire a thousand people to help you, but you should outsource to companies that will help you. These companies are there to give you a service that they do perfectly, and they explain to you how to better complete these tasks. These firms help you save money, and they allow you to streamline your work so that you are not spending so much time doing all the little things that make your business tick. Managers who fail never ask for help with these things, but outsourcing helps another company just like your own.

5. Hire Well

You must hire well and slowly. You should plan to hire just a couple of people who mesh with you well. These people make it possible for your business to grow, and they teach you things that you did not know. The best new employees are committed to your business, and they do not overwhelm the office. Just a few of you can grow your company quickly.

Hiring well can help your company improve when it is time to expand purely because you have had the right people around for an extended period of time. You should continue to hire well, and you can plainly see the results of bringing in better people.

6. Expand Slowly

You must expand slowly so that you do not run into problems with cash flow. The executives who are trying to make the best possible choices for their expansion move one step at a time. You might open one new office instead of opening four, and you should hire one new person instead of hiring five. You must expand at a rate that you can keep up with. Managers learn that you can better track your expansion if you move at a rate that does not overwhelm the business and keep you from your core activities.

7. Invest in People

You must invest in benefits for the people that you have hired. You should give them perks that are worth having, and you must give them breaks that help them relax. You could bring in a massage therapist who visits everyone during the day, or you could have the staff all take extended lunch breaks. You might go to a four-day work week, or you might give everyone a few more vacation days. These things make your staff feel important. Plus, the employees do not feel as though they have to work themselves to death just to make the company better.

8. Use Social Media

Use Social Media

A marketer can employ social media to make your company look a little bit more human. Social media can deliver your message in an easy-to-use forum. This also means that you can use social media to banter with other companies. You begin to feel as though you can change the way that you market your business because customers are more likely to pick you out through social media than they are by going to your website or coming to your store.

Conclusion

There are many companies that need to take some tips about business growth. These tips help avoid trouble with cash flow or the people who must be hired. A manager who is trying to expand the right way will save money, they invest in people, and they streamline work processes. These few things make your company much stronger, and you begin to notice that your company is happier because all the people in the office see that your efforts are focused on them and the customers you work with.


Guest Author

Helen Cartwright

Helen Cartwright is a passionate blogger, who excels in the Digital Marketing and Technology niche. When not wired in marketing strategies she ghost-writes for a variety of authors who have their work published on leading online media channels such as The Huffington Post and Entrepreneur.com.