10 Ways to Grow Your Business (Part 1)

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Top 10 Ways to Grow Your Business
(Part 1)
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Youve taken the leap or were grandfathered into
business ownership, and now youre thinking about
turning that business into an empire (or
something worthy of a nice big check in a few
years by a wise investor).
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Here are the top ten ways you can grow your
business.
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1. Really get your name out there. Make your name
a basic, industry leading staple in your trade.
There are tons of ways to go about this. Start
with heavily considering the idea of spending a
good amount of money on advertising.
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Billboards, local television advertisements,
newspapers, and niche-specific magazines are all
good starting examples.
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However, it will pay to think out of the box a
little. Trade shows are one way. Forums are
another- whether online or in a physical setting.
State fairs. Be where your competitors are and
bring your best. Interact with the public on a
personal level.
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2. Compete! If you want to grow, being just good
enough isnt going to cut it.
Besides, in the world of business, in many ways
progress is spurred by competition. Within your
own business, dont be afraid to trim the fat if
its not helping you either, and encourage
employees to compete among each other themselves.
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3. Up your prices.
This is of course, the fastest way to grow and
increase your bottom line. Any extra, let say 5
on top, can be reinvested into your business.
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4. Spend more time in sales.
This might mean rethinking your lead generation
campaign or updating your unique selling
proposition. Spend time selling directly to
potential customers and clients.
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5. Extend yourself!
Sometimes one of the best investments you can
make in your business is expanding it into a new
area and a new pool of customers. You can do this
either physically by opening a new store, or
virtually if youre online by creating a sister
website to your main website, or adding a blog to
your website or online store.
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