How do business grow?

Today, we are going to explore "How to Successfully grow your business?"

Let us learn the basic principle that will help you grow your business online or offline. 

Growing Your Business can be a daunting task. However, with the right strategies, it is possible to achieve success. Here are some tips to help you take your business to the next level.

1.      Understand your customers: Knowing your customers' needs and preferences is essential in growing your business. Conducting market research and collecting data on your customers can give you valuable insights into their behaviors, expectations and pain points.

2.       Invest in marketing: Marketing is vital in promoting your business and attracting new customers. Social media, email marketing, search engine optimization, and advertising are excellent strategies to consider.

3.       Expand your product or service offerings: Expanding your offerings can help you attract new customers while retaining old ones. You can either diversify your products or services, or add complementary products that can help enhance your existing offerings.

4.      Improve customer service: Providing exceptional customer service is crucial in building brand loyalty and turning customers into brand advocates. Responding to customer inquiries promptly, personalizing communications, and offering tailored solutions to their problems are some strategies to consider.

5.      Streamline operations: Streamlining your operations can lead to increased efficiency and productivity. Automating manual processes, implementing new technologies or software, and delegating tasks to employees can free up more time and resources to focus on growth.

6.      Build a strong team: A strong team is essential in driving growth and innovation. Hiring employees with diverse skills and experiences, empowering them to take ownership and providing them with training and development opportunities can help build a culture of continuous improvement.

7.      Explore new markets: Expanding into new markets can help you reach new customers and increase revenue. Conduct market research to identify new markets and opportunities, then develop a strategy to enter these markets. In conclusion, taking your business to the next level requires a combination of the right strategies, tools, and mindset. By understanding your customers, investing in marketing, expanding your offerings, improving customer service, streamlining operations, building a strong team, and exploring new markets, you can set your business on a path to growth and success.

 The Business Growth Principle

No business have grown overnight, it is a process!

If you have made the decision to do any business, Congratulations! 

You have surpassed the greatest obstacle. But wait, after this what?

You might be asking that question, but you are in a far better position now compared to those who have not made any decision yet. You are standing on a starting point of an Entrepreneur. That is your Day 1 as shown in our image below. 

The ladder of Success 

Your direction is going upward. This is what you are going through starting from Day 1. As shown in our image below, the top part is the SUCCESS, this is your DESTINATION. There will always by a STARTING POINT and your FINAL DESTINATION. Depending on how you measure your success, the timeline may become long or short. This is where you are going to start. You need to set up a realistic goal on your SUCCESS. 

Doing Business is your journey. The more you move forward, the more you get closer to your SUCCESS. Most of the time, people are overwhelmed by their final destiny, but the real essence is in the way you travel along that journey. There is a big GAP between your starting point and your destination. As high as your DREAMS and VISIONS, you can create a segment of that  roadmap to your success by doing a consistent task everyday. This will be your daily, weekly, monthly and yearly goals.  

 Imagine you are in front of a mountain. Looking at it in front view, you will see a very high top (SUCCESS). This point of view an impossible DREAM.  Although this may seem very impossible to achieve if you are looking at it this way. There will always be a good way to view things. Seeing it at a different view, we can add a timeline towards that destination.

For Example, you are traveling a 200 km distance, you can now plan for the ways and means you can get there. There are so many different options and each option can give you different solutions and a specific time frame to reach your destination. An option to take a bus, may take you 2 hours, by private car, can be less while riding a bike or walking will take you more time to reach the end.

What is important is that you know what is the level of success you are looking for. Some can be higher than what you want to achieve, and some may be lower. This is where you can check the level of what you want to achieve.

As you go along, that DREAM can change over time and as you learn to develop your process. This will then create a system where you can duplicate so that you can avoid the mistakes in the past. If you are doing it alone, you can learn to transfer the knowledge to people where you build your Team and leverage your accomplishments through the time of other people.

In Item no. 6 of the Tips mentioned above, BUILDING A STRONG TEM is your key element in achieving higher Goals. This is what our training program is aiming for you as our reader and follower. 

KNOWLEDGE MANAGEMENT starts from you getting all the information you need and learn the process. Then develop a system that can be duplicated and delegated with people you can trust.

This will lead you to our TRAINING PROGRAM. 

Our training Program

Learn and Build is a training program that holds the principle of helping you bridge the gap between now (Day1) and your success. If you look at your time frame, your success will become more realistic because you can make a program to achieve one step at a time with your daily activities with the corresponding trainings you need. 

This image will give you clearly the path you are going to pass. There are ups and downs which is part of the PROCESS. Just keep moving forward as you learn. 

Here’s the graph of what you need to do. We have made a program to reach your SUCCESS.

The Ladder of success

Some may call it roadmap to success. In our figure above, i think it is more suitable to see our progress as a ladder or a stair. Each step of the way brings you closer to your dream. The process between now and your success are in the areas of Learning, Teaching, Delegating, Multiplying before reaching out the level of success you are aiming for. 

In terms of money, you might be wanting to achieve a $50,000 income per month, to smoe maybe $100,000 or $1M. It is all up to the person doing the business. Off course the level of commitment will be different too. If you want the biggest one you have to act fast. Meaning learn fast, work fast and work hard. As compared to the one wanting a lower value. 

Remember that DREAMS are GOALS  achieved with a specific time frame. 

Learning

Each stages you will pass needs learning. Thats why at the beginning, you need to develop a habit of learning. Most people failing in this business are those that are not in the mood of learning. Their attitude is the biggest problem. The first thing to deal with is to stay humble and teachable so you can keep learning. 

GLLA (Good Listening and Learning Attitude). 

To whom will you Learn?

To successful people. Those people that have already achieved that level of success. They are very much qualified to teach because they practiced what they preached. It is important to learn from them and follow their footsteps. 

The learning process goes up to another level which will bring one level up to your success. 

1. Learn 

Learn the skills you need to grow. Learning can be easy or difficult depending on the attitude.? If you develop an attitude of Good Listening and Learning Attitude, you can get the skills you need easily. 

 

What you need to Learn

The very first lesson you need to know is the principle of growth and the means to produce income. What will be your method to earn? There are 3 ways in 3 R principles;

• Reseller - with products on hand, you can do the traditional method which is selling. Selling by sharing the good benefit the product you have
• Recruiter - out of those regular buyer, you can invite those people who are interested to earn extra ny becoming a retailer. He gains commission from the product he sells
• Retention - is the principle of keeping them and teaching them new skills. Just like you did, they are your business partner that you should retain. Teaching them is the best way to grow together. 

2. Teach

This is the second level of learning. To equip you to be able for you to teach effectively. The faster you can teach, the better but don’t be in a hurry. Some people are hard learners, some are fast learners. Keep doing the 3R principle. Establish a good number of people using your product to sustain your daily expenses. Keep looking for potential resellers and keep teaching those you that expressed interest to do the same business you are doing. This is a principle of multiplying your income in 3 ways. Master these 3 and you can reach to the next level.

3. Delegate

The delegation of work is the assurance that you get the right knowledge and pass on to the next with the same system you do. That means that you can rely on the person you are teaching so that he can teach as well. The most single proprietor business are not growing because they failed to do this stage. It will help you ease your activity but not your productivity. You will now be in a supervision stage. You get more advantage to oversee bigger things because have delegated a big task. 

4. Duplicate

This is a business of copy n paste. The reason why big businesses are getting bigger and bigger is because the are duplicated. Don’t reinvent the wheel, just follow the system, the proven system of successful people.

5. Multiply

The more you multiply your organization, the more you get bigger income. This is the stage where your earnings become unstoppable. Because your people are working just like you did.

To summarized the business Growth principle by multiplication, here’s the process;

1. I do it - You watch stage - Learning

2. I do it - You Help  stage - Teaching

3. I watch - You do it stage Delegate

4. You watch - He do it stage - Duplicate

5. He watch - He do it stage - Multiply

This is a cycle that has proven time and time again. It may seem simple but it can be complicated. With a Good listening and Learning Attitude, you ca be successful. Don’t learn the hard way, learn the smart way!