Great Ways to Grow as a Business Owner

Great Ways to Grow as a Business Owner

Social Studies | Posted by - January 21, 2014 at 12:00 am

As an entrepreneur, you are always learning. No two days are ever the same and you have to constantly adapt to new situations just to survive. However, you want to do more than survive; you want your business to thrive. Here are some areas of growth that will significantly contribute to the success of your business:

Your powers of persuasion. As the spokesperson for your business, you need to represent it well. Whether you’re trying to get a new customer, secure funding, or build a partnership, you need to be able to convince people that your product is excellent, your price is right, and your business is solid. Sometimes the skill of the salesperson can be just as important as the quality of the product. Make an effort to develop your ability to be persuasive. Take a course or practice your elevator speech in front of other business professionals. The more persuasive you can be, the more opportunities will be available for your business.

Your ability to conduct effective research.  If you want to try anything new with your business, you need to do the research first. Whether you are adding a new product, trying an alternative location, or reaching out to a different audience, if you don’t do your research, you are setting yourself up for failure. Join the Chamber of Commerce and other local business groups. As a member of these groups, you will have access to resources specific to your community that may be able to assist you in your research. Also, subscribe to business magazines and keep your eyes open for any articles that pertain to your industry, community, or your target customer.  

Your aptitude for social media. Everyone can improve their use of social media. The trick is to utilize it in such a way that it brings customers through your door. It requires a creative approach and a consistent effort. Attend workshops, seminars and training sessions to help you build your skills. Also, follow other businesses to see how they are using these tools effectively. You may have to try a few different approaches before you find something that works.

Your knowledge of evaluation tools. In order to achieve (and maintain) success with your business, you need to constantly evaluate your efforts. Is your current approach working? Is there something that needs to be tweaked? The day that you stop evaluating your work is the day that you start to lose touch with your customers. See how other business owners evaluate their strategies; talk to entrepreneurs in your networking groups and follow business blogs. You never know who will give you a great idea. 

Even if you have been running a business for years, there are always ways that you can improve yourself. The most successful entrepreneurs understand the importance of maintaining humility and being willing to learn from others. As long as you are learning, your business will continue to evolve.

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Do have any tips for growing your business that we’ve missed? Share your thoughts in the comments section below.

Tags: business owner, evaluation, experience, growth, learning, research, social media, profiles

Maria Locker

Mompreneur® Showcase Group Inc. is the trusted national network that supports, educates, and empowers moms in business across Canada. Company highlights include over 14,000 members and subscribers within their online community, presentation of the "Mompreneur® Award of Excellence", and the annual National Mompreneurs® Conference. Maria Locker, Founder & CEO.

Kate Voltan
January 22, 2014 at 10:02 am
As entrepreneurs, I think we often forget how important learning really is. Thanks for sharing this article as a good reminder of why it matters. One of my favourite quotes is "“Live as if you were to die tomorrow. Learn as if you were to live forever.” ― Gandhi
Jay Behl
January 24, 2014 at 5:37 pm
Don't sleep :)
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