In honor of National Small Business Week, we're sharing our best tips and essential advice to help you grow your business and keep it thriving. Today, we highlight four popular articles that can help you identify new growth opportunities, make the most of your valuable time and push your business even further than you may have thought possible.
Part one of our series celebrating National Small Business Week
You Need Room to Grow
Over time, business strategies used in the past may no longer work due to any number of factors. You might feel like you've hit a wall. Here are some great insights from one successful small business owner about how he got over this hurdle and took his business from $5 million to $27 million in sales. The secrets to his success? Grooming quality employees and learning how to delegate.
Read more: How to Overcome Growing Pains and Take Your Business to the Next Level
Don't Underestimate Your Greatness
If you get caught off-guard by too much growth, it can cause serious damage to your business reputation. For example, you don't want to disappoint clients by not being able to fill their orders. Here's a popular post about common warning signs to look for so that you can start preparing for these growth spurts before they are fully realized (and actually enjoy them).
Read more: Small Business Growth Signals You Can't Afford to Ignore
Look Out for That Perfect Moment
Developing a new product line requires a major investment of both time and money. Before putting in all this hard work, you want to be sure the timing is right. Here's another popular post about what to think about before starting a new product line (for example, is there a clear demand for something your business would be great at providing?) so you can decide whether your business is ready for its next major project.
Read more: Launching a New Product Line: When Is the Right Time?
Give Yourself a Break
You only have so many hours in a week. Time spent on work outside your core competencies is time you aren't spending on growing your business. In this interview piece, we speak with one small business owner who decided to outsource payroll to an experienced payroll provider to see how it helped him grow his business.
Read more: The Benefits of Outsourcing: Freeing You Up to Focus on Business Growth
The more you grow your business, the more you can deliver to your local community in terms of jobs, services and tax revenue. We hope that the tips we've provided help you take your business to the next level.
Come back tomorrow for tips to help you protect your business and keep up-to-date with compliance requirements. See you then!