It was recently announced that in 2016 there was a record 80 companies starting up every hour across the UK. This caused a huge surge in start-ups in 2016 with the number predicted to rise for 2017.
More people are taking their business ventures into their own hands, getting their products out into the market and setting themselves up as entrepreneurs.
If you are thinking of starting your own business or your business is already up and running then here are just a few ways to grow your business in 2017:
Improve and increase the efficiency of the production line
With a business that is all about production and delivering a product of high quality you can improve your business effectively with simple changes to the production line. No matter whether you are a furniture designer, a baker or a mobile phone manufacturer your production line needs to be up to date, efficient and cost effective. One way you can improve this is to input machines into the production line.
No matter whether they are woodwork machines like those from Calderbrook Woodwork Machinery or whisks for baking, inputting machines can decrease the time it takes to create a product. It can also improve the product overall with better precision and quality because of improved production methods.
Put in place a business plan
Even if your business has been up and running for a number of years it is always good to make sure that you have a business plan in place.
This is a plan of action, a way of judging how far off your targets you are and seeing everything planned out for the future. This can be chopped and changed as you go but it is a great starting point. It means that you can set yourself both goals for the future and places to improve on as you work.
Learn how to delegate
It might be your business and your start up but that doesn’t mean you have to be taking on too much work.
Learn to delegate to your staff and make sure the workload is equal. This will help the business to grow much quicker because of both trusting your staff with a great portion of the work load and leaving you with time to think about new ventures for the business.
Don’t be afraid to take the lead and show your employees who is boss because that is your job after all!
Start building your social media presence
With an online presence being an increasingly important feature in growing businesses it is about time you started thinking about your social media presence. This means making sure that your Facebook, Twitter, Instagram and LinkedIn accounts are updated regularly, visual appealing and engaging for customers to take a look at all your products.
This will help you to keep in close connections with customers and stay aware of growing trends in your field.
Stay on top of your finances
Starting a business isn’t easy which means that keeping on top of your business finances is even harder.
One thing you should try not to do is use your business account as a means of paying for this and that outside of work. Instead, treat the account as a separate operation altogether and leave it to grow as you want your business to.
All that is left to do now is grow your business in 2017
Source: Ben Lobel - smallbusiness.co.uk