Business Growth and the Key Elements
When you’re a small business it is vital that you step back to see the full picture of your business.
Why do you ask?
Stepping back will help you make informed decisions on what changes and improvements are needed to drive business growth and performance.
Did you know that there is a range of tools that can assist you in this vital step?
At Business Edge we use a range of tools available to us that act as our client’s virtual dashboard but sometimes it can be as simple as reading a client’s monthly or quarterly financial statements – with them. This is what we love doing!
Do you have the ability to instantly and quickly gauge a position for the important things in your business?
Are you leveraging the most out of your data? If not, why not?
To grow a business, it isn’t just a case of letting organic growth take its course – genuine growth means achieving accelerated 20% growth over a 3-year period. A big ask for any business!
To live out this dream you need to get the foundation elements right. The elements we have found vital in our business are getting the right systems, obtaining the required funding and having a team of people who have the skills to expand your small business dream. Nobody believes in you more than you! Unless your one of our clients, where we are right there with you 😉
Do you want a strong strategic growth plan, after all, it’s the starting point for every great business. The strategic growth plan acts as a compass, guiding you on your growth journey to financial freedom.
But keep in mind that a strategic plan will only be effective if you:
- Create systems that grow with your business – This is so you have the systemised processes and utilising software automation which is needed to drive scalable efficiency.
- Invest in your sales and marketing – to raise your brand profile, boost sales and create quality customer experiences and interactions in a competitive marketplace.
- Access the right level of funding – by working with lenders, private investors and commercial experts to find the additional cash needed to fuel your growth.
- Build a team that can deliver your growth plan – with people on board who share your core vision that have the motivation, talent, and flexibility to drive expansion.
We work with so many local businesses that we know can offer that specialised advice in the areas we have outlined above. But without a plan, you run the risk of wasting a valuable irreplaceable resource – your time. With these foundations in place, you’re ready to live out that dream!
If you want us to guide you on that journey and be a part of your team contact us for a free consult.