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Growing your business plan

Most people are looking for different ways to improve there business by either growing, developing or even both! Here are some tips that can set you off in the right direction;

1) Reviewing your business plan is crucial. This means you can measure progress and test your development strategy. Its also an opportunity for you to ask your self the simple questions, are you actually achieving your goals? Are you making the most of your strengths and trying to improve your weaknesses? When reviewing your business plan you can sit down with your employees and set new objectives this way you are not only developing but your employees feel more involved which is highly motivating.

2) Maintaining a healthy cash flow means that your business will run a lot smoother. By examining your cash flow projections for the year ahead you can see if there are any potential problems that could hinder your progression, and figure out in advance ways to solve these problems.

3) Targeting new customers. Many businesses rely heavily on their loyal customers, however this can be dangerous because as the years pass by customers will drop off, so by targeting new customers you reduce this risk. Learning which marketing methods work and which don’t will definitely come in handy and to safe to time look at what competitors are doing. This way you can learn from there mistakes.

4) Promote your business online. This is now a lot easier as you can simply make a Twitter or Facebook to attract,engage and retain customers. Social media marketing is one of the best ways to promote most businesses, its fast, easy and cheap!  Your website should represent your business as being effective and make sure it gets the right message across for your company, if not take some time out and think about getting a new one done.

 

JacRox combines our years of experience with Xero’s cutting edge technology to provide a service we know you’ll all love. Call our Xero Manchester accounting team on 0800 020 9542 or email hello@JacRox.co to find out more!

 

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