As an entrepreneur there’s nothing more demotivating than slow business growth especially when you dedicate a lot of time and effort into your business.
If you are not sure why your business isn’t growing, then read below and find out how to fix it!
In most cases your business reflects you, it’s a reflection of the decisions you make both in the personal and professional world. If your business isn’t growing and succeeding, this means neither are you. You can’t offer your business knowledge that you don’t possess.
The only way to fix this is to take a step back and invest in yourself.
This can be as simple as attending a business seminar to gain a better understanding on a specific topic. Other actions to take, would be reading books relating to your industry or even hiring in an expert to show you the ropes on areas you aren’t experienced in. Make the change you want to see in your business and don’t feel too proud to better yourself.
‘Invest in yourself as much as you can, you are your own biggest asset’
You are comfortable.
Comfort is the enemy of all progress! As a business owner, you would have started your journey with ambitious plans for the future and somewhere along the way you got comfortable and settled for what’s here right now. You can fix this by reminding yourself of why you started in the first place? What are you long term goals? And what do you want to achieve in the big picture and if your answer is different to where you are currently at, then it’s up to you to switch things back the way they should be! This means taking initiative and leaving your comfort zone!
Marketing, Marketing, Marketing.
You can have the most fantastic, unique business but if nobody knows about it then it won’t be successful. Unfortunately, this is very common among smaller businesses. Most small operations fly under the radar due to poor marketing strategy and neglect when it comes to promoting the company brand. If you are trying to budget your companies’ expenses, then budgeting the marketing spend is not the right place to start.
“Content is fire, social media is gasoline”
An instant fix for this and a certain way to increase your businesses popularity is to invest time and money into professional marketing. Here at Award Leisure we have a dedicated team that are hands on with all our franchisees marketing plans. We offer a consistent message across all platforms ranging from the websites to all social media channels.
By making these changes, you will see the instant positive impacts in both your business engagement and growth. Setting the above as long term goals and to keep revisiting them along the way will be definite results and a more successful business.