We all have dreams and aspirations; starting a business is a dream come true for most of us. Every startup however needs changes that’ll make a difference.
Before starting a business one needs effort, commitment, dedication, resources, and motivation for growth.
It’s challenging but once one has mastered the art of business, running it becomes easy and fast.
These days also it has become easy to run a business. From registering it online to transacting online.
One also doesn’t need to have a physical store since the online market is providing it for free.
Social media also has become the largest platform to drive sales and advertise the products and services of a startup.
With this emerging technology, a lot has been achieved. Every day people transact, having a way to turn them into sales grows your business.
Even with technology, word of mouth can’t be beaten. As a business owner, one needs to find a way to connect with the customers.
As we get to know what changes that’ll make a difference with your business, let’s get more information on a business.
Table of Contents
Why do businesses fail?
1. Treating every customer the same
Customers are the building force of a business. Every customer has different needs and treating, all the same, is the worst mistake.
“The customer is always right”- should be the driving force for all businesses. Besides, it’s from them that sales are driven.
As a business owner one oughts to understand the needs of different customers. Learn to provide for them without them asking for it.
Customers also feel happy when appreciated. A simple thank you can transform your business and grow sales.
Also, learn to ask for feedback from them. It’s from feedback that you know where you failing and need to improve.
2. Lack of plan
Planning is the stepping stone of every business. The plan gives a layout of how every aspect of the business is to be done.
As Benjamin Franklin said “failing to plan is planning to fail”, doing things without a plan eventually fails.
Plans help us to keep in check with tasks. It also helps us work on priorities and keep scheduling others when we have done the rest.
Besides, without a plan, everything becomes monotonous; which then makes it boring, and eventually, it fails.
A good plan should be simple; doesn’t need to include a whole year to be successful, a day, week, or monthly plan is effective.
3. Resistant to change
Every day new things are coming up. Businesses too need to adopt the best changes to keep growing.
Many people ignore change and associate it with trends. Change, however, contributes positively to the business.
Doing the same thing over and over again doesn’t guarantee success. Just become something that worked 3 years ago doesn’t mean it will work today.
We are evolving and businesses too need to evolve. Change is the best evolve that will guarantee business success.
It doesn’t have to be done instantly; small continuous changes will make a difference.
4. Lack of teamwork
Every employee should be proud to be part of a team. Teamwork should be embraced to promote growth.
Being part of a team makes one feel wanted. It is a motivation and a driving force for employees.
Every business should consider having different teams. With the teams also targets should be created and a reward is given upon delivery.
Members of a team tend to work efficiently and drive motivation towards each other focusing on growth.
As the business owner embrace teamwork, also become part of the team and make great things happen.
5. Focusing on marketing than product
A customer should always come first and product second. Marketing is part of the business but shouldn’t be the first priority.
A good product doesn’t even need marketing. It will sell itself through the customers.
The word of mouth is the strongest marketing tool. One will trust easily the word from a friend than an advert.
Quality is important than quantity. It rather you sell one expensive quality product than have cheap products without sales.
Have the right product, it will boost your sales.
The following are changes that’ll make a difference with your business.
1. Creating an online presence
These days a larger population of people have devices that have an access to the internet. The internet is the largest market that connects everyone together.
Also, these days with the internet you can do unimaginable things. A while ago before purchasing a product one wasted a lot of money.
These days with the internet just a few scrolls and reviews, you are able to buy and get your product from home.
An online presence can be just from social media (Facebook, Twitter, Instagram…) and can also be in form of a website.
A website is the best way to reach out to people all over the world. The good news is that one can just create it in under 10 minutes.
10 minutes? How?
OLITT is a website builder that helps you drag and drop elements and create the most stunning sites easily.
You don’t need any coding or designing skills to have a website. OLITT also offers hosting and domains for free!
You spend just 0$ to start transacting and reaching millions of people. Make the right decision and increase your market reach.
And if you have a website to make sure it:
- Serves as a trusted resource
- Is SEO-friendly
- Features relevant content
- Is easy to navigate
- Is updated frequently
- Has your contact information easily visible
2. Having an economics management software
Keeping the books in check guarantees the safety of the business. Funds run the business and need to be secured.
Keeping the records right also helps in planning for the future. A good financial record makes it easy to file returns.
Accounting also helps one know how the business is performing. One also gets to know where and how the finances are spent.
Doing accounting can be a heavy task especially if you work in a financial organization dealing with loans.
Accounting software such as Jisort would come in handy. It will help keep all records updated and provide all financial records.
Jisort also reminds its clients of the due dates to avoid any other charges. It’s safe and easy-to-use software.
Have marketing plans
Marketing means reaching a vast population. Marketing can be done free or as per paid terms.
It depends on how much budget you have set aside. Every product requires a boost to drive sales.
Before choosing any form of marketing one needs to have a plan. Know how different platforms operate and the cost of doing it.
Stick to your budget and don’t overspend. Look for what works and let go of what doesn’t grow your business.
4. Discipline
This is the most important aspect of changes that’ll make a difference with your business.
It’s not about time but also how you work and associate with others. It’s also the self-believe that drives us to be the best.
It simply means working with dedication and attention. Taking work hours seriously and doing things in the right way.
As the owner found the best work ethics and see how the business grows. Lead by example and create the best working environment.
5. Motivate your employees
Motivation promotes growth. A happy employee is more effective than unmotivated individuals.
Motivation starts from acknowledgment and appreciation. A simple thank you to employee x for doing this will make one more productive.
Challenge them to be the best versions of themselves. Make them feel appreciated and feel worthy for working with you.
They are important for they help you interact with your customers. They understand what they need and provide for them.
Find the best way to appreciate each and every member.
6. Staying apprised
Every day new things are coming up. Your business too ought to be updated with daily trends and relevant information.
Staying informed also helps one deliver the best products. Social media is a great way to keep informed.
Besides, books also come in handy. As Albert Einstein stated, “Once you stop learning, you start dying”. Information is crucial.
Depending on general knowledge from the business will not help you grow. Always aim to learn something new even if it doesn’t relate to the business.
7. Take a break
Work will never end and money will never be enough. Every day there are new ways to make money.
The body needs rest to function properly. A good manager needs one know how to manage time.
Always working means that one time you will lose focus steam which will lead to business failure.
Have time to relax your mind and body. A 20 minutes break every day can make a difference in your productivity.
It’s crucial to also take enough rest; this helps the mind and body recharge and get enough energy for the next day.
8. Train your employees
No one is perfect. All of us are prone to making a mistake at one time. Firing one because of a mistake doesn’t help.
Instead, adopt the art of training employees on areas they fail. Show them failure is the start of learning; these changes that’ll make a difference.
Training will improve and guarantee the efficiency of the employee. They will also learn not to give up.
Training gives one a second chance; an opportunity to make it happen with confidence and knowledge.
9. React to problems
Problems are part of a business. They show that the business is performing and needs some changes that’ll make a difference.
A business isn’t meant to run smoothly; it has challenges. One needs to have problem-solving skills to manage different issues well.
A key to success is working passionately and always finding solutions to different problems as they come.
The above 9 are changes that’ll make a difference with your business. Staying informed of these will help you grow.
Business too needs change, it’s part of growth. Be part of the change that makes the business succeed and grow.