Skip to main content

Steps to take to grow your business

To begin  a business and seeing it mature to the point it is able to cater for working capital required on daily basis and also paying your bills is one of the satisfying moment for business owners. It is truly an ahaa moment but as times goes by change within the business environment could spell a storm for the business survival. This is a difficult time for the business as they too many losses financially, opportunity are not they for the business anymore. The business is at the point of exit and collapsing. Business environment changes have this adversely negative results for businesses that are not willing to adopt to changes at a later stage. So for businesses to become the better choice for customers it needs to re engineer itself frequently, strive to meet the current customer needs and expectations and also doing early researches and analysis in order to predict the future and prepare for it at the same time.Businesses incremental growth  is key for the business existent. I know change is a bit difficulty to propel but with the right attitude and plan it will be simple for you to handle as a business.
Some of the measures to take so as to meet this objective is 
1. Having a plan and guideline that will ensure you adopt the best practices and technologies for you to remain relevant as a business in the current times and future too. Creating a plan that is based on your mission, vision and goals is important when you are re innovating your businesses as it will act as a guideline for what is relevant for you to bring on board and what to leave. Some changes are not meant for your industry so you don't need to adopt them as it can be a waste of resources. Having a plan helps you to focus on those issues that greatly impact your industry. 
2. Develop a culture of change within your industry to ensure  it is easier for your employees to adopt. This can be done by first involving them and giving them a chance to air they ideas and discussing about it during meetings and this  motivates them as they feel they part of the company and overally makes it easy to adopt.
3. Doing thoroughly research through the different sources available can help you predict the future and can also help to have an added advantage compared to your competitors as you can begin to implement as soon as it projects a growth in your firm and meets your customer expectation.
4. Ensuring your employees are equipped with relevant skills required before implementation will help to stir for smooth change as they have what it takes to make it succeed.
5. Setting apart money to fuel change is important. Change and re-engineering in general  require a lot of investment of time, funds at the beginning so setting money aside to deal with change is important for you to realize these goal. You can open a separate account meant just for funding changes and innovations within your company. You can set a certain amount of money every month, weekly basis for this specific account.


Comments

Post a Comment

Popular posts from this blog

Some characteristics to have to become successful in life

As i continue with my studies each day i always ask myself some question. What life is all about? Meaning of life but i have a guess of what it is. Its about creating friendship and achieving your God given purpose in life. Do you think that everyone achieves his dream or the purpose God bestowed to him. I doubt but what might be the reason behind not achieving your purpose. I have no definite answer in my head but i think it is the lack of trust and faith in yourself that you can make it despite the difficulties around the issue that really make people to give up. Trusting in God and praying to him reveals an assurance that he still loves you and wishes to walk with you in this life journey. Many are the times we end up hating ourselves and God loves us still despite the mad in our faces.and as the saying goes when we are about to succeed its the time we give up and fall. Some personal values we need to captivate in ourselves are-: 1. GRIT and DETERMINATION - Grit is the most pr...
Post a Comment
Read more

5 Emerging digital technology trends that are disrupting the world.

Technology in the recent years has taken over almost every bit of our human aspect and has dictated how we behave, how we interact and how we do our duties. The digital technology wave have forced even our grandparents to learn it and use it in they daily lives. For example its very evident here in kenya with the innovation  of Mpesa (mobile money platform) which seems now to be like mandatory to have an Mpesa account since most institutions accept payments only using this means. This growth and development of digital technologies is not yet over, brilliant and exciting invention are being developed each day.  This growth of digital technology can be attributed to the need to solve problems in a more deficient and effective way. Want to buy Jumia Mobile accessories. Check out 5 Technologies that have are making great impact on the world  1. Artificial intelligence When you here this world for the first time it can be a bit scaring but it is simply the s...
Post a Comment
Read more

Valentine day dilemma and question on how to spend it without spending huge amounts of money

published by Daniel Gichure . date 14/2/2018 Today being a valentines day is a day that is celebrated by many. The city is always busy with traders selling bouquets of flowers and while others are selling candy chocolates  and the city is always brightened by red colors. Valentine day is where love is expressed among couples, proposals of marriage are done and people appreciate those that are dear to them. Happy Valentines day cards are also shared as a sign of love and affection. Valentines period is characterized by impasse buying of gifts which your significant other does not need and will never use, spending on very expensive clothes for the day. The unfortunate thing is that people are over excited about valentines to the point they borrow loans to finance the period  which becomes a burden to them afterwards. Valentine day is too much commercialized meaning people have to dig deeper into they pockets to meet the needs of the loved ones which can be too cost...
Post a Comment
Read more