Alphabet Local Gold!

Building Local and Global Brands!

Four Tips To Help You Grow Business!

A few small steps can mean big business when it comes to growing your company.

To create a solid framework for growth, you must do your research on target markets, establish a budget, implement a strong business plan and build a client base.

Small to medium-sized (SMEs) enterprises or businesses represent 97 percent of all U.S. employers and generally employ less than 1,000 people.

Here are four ways to help your business grow from “Now Open” for business to growing as a business:

1. Use employee benefits to attract and retain employees.

To succeed against big business, owners of growing companies can compete by using good employee benefits to their advantage.

In recruiting and retaining employees, business owners should know how their benefits package (health, dental, disability, retirement) stacks up against others in their area and their industry.

Provide a comfortable and flexible work atmosphere. For example, offer flex days instead of sick days.

2. Hire the best.

Admit that one person cannot do it all. Hire individuals who are self-starters and self-motivated employees versus individuals who require constant daily lessons in motivation.

Assemble a pool of talent by raising your company’s exposure at local universities. Offer internships to motivated students. Interview regularly. Get referrals.

Hire slowly, fire quickly. Learn to say “no” to employees. In a growing company, one employee not pulling his or her weight can have a domino effect and negatively impact productivity and employee morale.

Identify employee strengths and put them in positions where they will naturally excel.

3. Listen to employees.

Listen to all your employees, because you never know where the next big idea will come from.

21st Century employees want to feel like they are a part of the company. They want to feel like the company values their ideas.

You can promote this attitude if you:

(A) Stimulate real honest and innovative feedback from employees.

(B) Create a really helpful and comfortable work environment for staff by encouraging employee feedback.

(C) Encourage every employee to offer their contributions to the company through company brainstorming.

(D) By rewarding all winning ideas with something tangible.

4. Create multiple avenues of support.

Cultivate relationships with clients and mentors during periods of growth to help your company flourish.

In order to expand your company’s expertise and services, bring on talent that excels in the areas where you are weak.

Implement these tried and tested tips to help grow your company. As the years go by you’ll be glad you did.

Please feel free to read more on this subject by visiting our resource section.

Please let us know if this information was helpful. We always enjoy getting emails pertaining to our articles. Your feedback is important to us.

Questions? Alphabet Local Media is here to help. Contact us … Alphabet Support Team for all your home-based business solutions.

AlphabetLocal.com