There are times when your business is growing at a consistent pace and the profit is good. But now your business is ready to grow to the next level. Or maybe you have some customers but not enough to feed you every month. You know exactly what product or service you need to market. But this all takes a little money / capital. What do you do?
There are many options. The answer to each question will give you the best option. Let’s begin:
Are you really ready to grow?
Are you profiting in your business?
Do you have return customers?
Have you evaluated the changes your business needs? Do you need to make changes to staff, location, product travel schedule, supplies, network, operations, marketing, or mission?
What was your answer?
If expansion is your answer then capital seeking is your direction. If more customers is your answer then outsourcing is a must. If change in product or operation is your answer scheduled planning time or hiring a consultant should be your next step.
Knowing what to expand and grow saves money and time. Dont waste money trying different products without evaluating what your business needs specifically. Expanding and growing really requires evaluating, planning, and implementing.
The time spent organizing anything is always a value in the future. Its like taking time to clean your office or bedroom. Sleeping in a clean room is so rewarding. Working in an office that has been decluttered is so motivating. Why would your business be any different? An organized plan with money is a guaranteed success.
Understanding where to get the capital is not difficult. How and when to effectively communicate your needs to the right individual or organization is the answer to your problems.
Organizing and planning your business’s operations and profits can and should be a refreshing daily task. Evaluating your profit and understanding how you made it will guarantee your business feeds you.
K Steward-Cason, Business Trainer & Coach
DIJAH Communication
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