This article will cover some of the best ideas for you to steal and implement in your business for faster growth. They are all practical ideas from the most successful businesses along with some action steps you can imitate and run with right away, without any research, test, or otherwise delay implementing. Moreover, there’s no need to spend money to see them into action.
Pick the easy ones that are most effective for your business, and don’t hesitate to contact us if you face any problem or have difficulty implementing them because this is the time when we all have to work together.
Your receivable may account for 40 to 50 percent of the actual business assets. Don’t pile up invoices, the bill as soon as you can.
If payments are outstanding or never arrive on time, you will come across cash flow problems that can seriously hurt your business’ ability to thrive even if you have plenty of other resources.
If you’re still facing bad debt, try using Udhaar App. It’s specially designed for small businesses to recover their lost payments and get their outstanding payments back. It’s a free-of-cost solution for all sorts of businesses to send free SMS reminders to the customers who bought goods on credit and then never showed up.
Simplify Your Business
Eradicate the unprofitable and the low seller products from your inventory. As much as possible, use analytics to help you decide, and be willing to cut things that are too expensive to deliver or have become duds.
Streamline Your Marketing Message
Simplify your message. But that won’t be enough, right? You have to experiment with different versions of your messaging on websites, in calls to action, and in your email marketing campaigns. Always aim for a brief message that addresses a pain point and motivates action.
Increase Your Business’s Visibility
Increase your business’s visibility, especially online. Study simple SEO tactics that can make your business visible on the first page of the results of search engines like Google. If you have a physical location, make sure you’ve claimed your online business directory on Google. Make your business shine on different social media platforms like Facebook, Instagram, LinkedIn, and Twitter to gain some extra popularity.
Don’t Forget Suppliers
They are definitely not on your payroll, but they are very capable of doing a few things for you at no charge because you have a relationship.
Maintain the balance between holding payment as long as possible while still respecting your agreement with the supplier and exceeding expectations.
If you can alter the time you take to your jobs in a year, you can do one more job in the year.
Basically, this implies the look for and reward efficiencies tip. If you can find a way to automate or digitize long-standing and mundane tasks, do it, so you can focus on things that bring in revenues.