Business Growth Q&A

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Amanda Hoffmann - Certified Bookkeeper, BAS Agent added an answer to this question
Amanda Hoffmann - Certified Bookkeeper, BAS Agent

Amanda Hoffmann - Certified Bookkeeper, BAS Agent, Owner / Manager ★ Certified Bookkeeper ★ BAS Agent at My Office Books - Virtual Bookkeeper & BAS Agent

Top 10%
In extension to the statements above, it is very important that the business owner/strategist has a process to measure the success or failure that is accomplished. 

A gut feeling is simply not good enough. 

Most accounting software has basic methods to assist. 
Quickbooks ...  Continue Reading
Hatty Bell

, Community Manager at

Interesting insight @Amanda Hoffmann - Certified Bookkeeper, BAS Agent . Most companies rely on marketing for this kind of insight so it's interesting to hear that Quickbooks can also offer this too. Knowledge is definitely power!

What do you think of this approach @Jef Lippiatt @Phil Sealy ?

Jef Lippiatt

, Owner at Startup Chucktown

I definitely think working from real data is helpful. That can definitely give you insight into locations that are over or under performing. It may even give you insight into products or services that are selling well.
However, this approach does have limitations when used as the only factor. Because it won’t be able to tell you what products or services the customers in that area do want. If you just close the location, you may irritate other customers that really did like that location. Perhaps that location didn’t look to serve the customers specific to that region.
This is why it is important to stay close to the customers and their wants and needs. If you don’t understand your customer it is hard to properly serve them. 
Consider using polls and surveys to send to existing customer to ask them what they feel is missing or would like improved. Consider reaching out to the customers that spend the most money their to understand what drives them to that specific location. There are always many factors to consider when thinking about diversifying your products and services, or even your entire business.

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Steve Gray added an answer to this question
Steve Gray

Steve Gray, Director at Gray Capital Investments

Top 10%
To me it all starts with an effective strategic plan. Then you have a guideline to follow, if it's in place and working well, you know the things you expect from yourself and others will be in alignment with that. By the time you aim to go away... you know that the strategic plan has proven itself ...  Continue Reading
Marcus Tjen added an answer to this question
Marcus Tjen

Marcus Tjen at

Top 10%
From a delivery point of view, using drone for delivery will provide better security so that you don't have to be home to receive the delivery.  Currently you need to be at home or office to sign for delivery of parcels because leaving parcels in front of the house or unit is not safe as ...  Continue Reading
Samantha Goodman added an answer to this question
Samantha Goodman

Samantha Goodman, Marketing assistant at Handy Cleaners

Top 30%

When you start a domestic cleaning business, it's likely you'll do much of the cleaning work yourself, with the opportunity to hire experienced and skilled cleaners and take a step-back later on. Having the state-fo art cleaning equipment is the best way for you to gather some new, repeat customers. You can always count on your friends aand relatives to suggest your cleaning to business to their colleagues at work, and, suddenly, you have a lot more jobs to do. 

Amanda Dyason added an answer to this question
Amanda Dyason

Amanda Dyason, Founder & CEO at ProfitSmarts

As both Greg and Jef mentioned, you need a plan in place before you talk to soeone from these companies.  They are "hard sell" sales people and will pressure you into a deal you're not happy with. "If you sign up today, I'll give you an extra 5% of the commission" ...  Continue Reading
Roland Hanekroot added an answer to this question
Roland Hanekroot

Roland Hanekroot, Founder at New Perspectives Business Coaching

The biggest mistake I made and many others have made as well, is growing too quick.
My favorite, oldest and most successful client, has grown his business continually for 12 years now and he's turning over something like $ 30 million now, but he grows slowly and steadily... he has 8 stores now, and in ...  Continue Reading
Jef Lippiatt added an answer to this question
Top voted answer
Jef Lippiatt

Jef Lippiatt, Owner at Startup Chucktown

Kenyetta,
I'm not exactly sure what you mean, however, I don't believe that "no buyer's remorse" even exists. But many companies please their customers, so why would I say this?
I'm sure there are more reasons that could be added to this list, however, I feel like the 10 reasons above cover the majority ...  Continue Reading
Greg Miles

,

That is a very detailed and on point answer Jef, thank you for sharing!

Jef Lippiatt

, Owner at Startup Chucktown

I'm glad you found it useful.

Greg Rogers added an answer to this question
Greg Rogers

Greg Rogers, Founder and CEO at

Hi Paulette,
Having owned and operated a restaurant myself I can certainly identify with your problem.
The previous replies are good ones and should be looked into, the biggest challenge in providing any feedback though is the lack of detailed information.
This is the first point I always request of clients. ...  Continue Reading
Garbo Kelly added an answer to this question
Garbo Kelly

Garbo Kelly at Garbo and Kelly- Eyebrows Makeup Kit

In achieving such rapid growth, creating a working strategy and business plan is most difficult work to do. Your complete business growth is depends on your strategy, marketing work, quality of your products, your team work. If you want such rapid growth in your business, you must need to take these all together.