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Small-Business
Business

Tips To Boost Your Small Business Operation

by Sudarsan Chakraborty 9 November 2021

When you’re working to make all the pieces of your small business work together without issue, you’re working on an ongoing task.  No business is perfect, and there are always areas where improvements could be made.  

As the owner of a small business, looking for ways to improve your operation is an act of survival.  Take some time now to enhance your chance of thriving, and check out these helpful tips to boost your small business. 

Invest in your digital marketing plans

If you’re working on boosting your small business, digital marketing should be your first area of concentration.  Digital marketing can get a lot done in terms of gaining visibility and new connections for your business.  

Invest in building a strategic digital marketing plan, and follow through with your plan.  Build a compelling business website, and work on creating a social media presence to get the digital ball rolling.  

Follow up on the leads you generate

Every business has a different lead-scoring strategy, and yours may need some tweaking.  If you’re not really seeing the sort of leads or connections you had hoped to see, take a thorough inventory of what is and is not working.  

Make certain that all of your leads have a follow up.  You may have connections coming out of your ears, but if your business never makes the follow-up, you won’t reach the maximum potential of those connections.  

Take action for your employees

When you’re running a small business, your employees are your backbone.  They keep the place moving forward, and they are responsible for just how efficiently the day goes as well.  

When you make moves and take action to show your professionals that you are invested in their personal success, you get more dedication and hard work from your team.  Make sure everyone has the right tools to get their jobs done, and make “congratulations for a job well done” a regular part of your conversations.  

Work to improve customer service

The way your business treats its customers is paramount in terms of the operation’s success.  Customer experience should always be on your list of things to upgrade.  

Your business should always be looking for new ways to make the interaction with your customers a memorable and positive one.  Take the reviews you receive seriously, and investigate every instance that was unsatisfactory right alongside the five-star encounters.  

Research your greatest competitors 

Take the time to really take a detailed look at what your most successful competitors are doing to be as successful as they are.  Observing what really makes things work well for other businesses can help you generate new ideas for your own operation.  

9 November 2021 0 comment
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Small-Business
Business

Cheap Ways to Get Your Small Business Back on Track

by Sudarsan Chakraborty 30 August 2021

Running a business might be uncertain, and a lot eventually end in disappointment. Luckily, when things go skewed, it is nearly at all times possible to get your small business back on track to an effective, lucrative, and profitable future.

Small businesses may have been hit the hardest during the Covid-19. However, these tips will benefit you to stay attentive and competitive, regardless of all that is happening.

A decelerating economy, minimalized sales, a dissatisfied labor force, and dropping incomes are some of the chief highlights of Covid-19. These descending trends are disturbing every single business, however, the proportion of small businesses is greater.

What is the way out? Should we permit our small businesses to drop or wait for things to get back to normal? Business professionals recommend taking action right away, as postponing things now will inevitably create new obstacles for tomorrow.

Thus, do not wait any more, as things might get out of your control. Your competitors are by now impending with ground-breaking ideas to survive the Covid-19. With their practical tactic, they will be at an enhanced point to prosper when the Covid-19 ends. It will benefit if you too took appropriate actions and use a simple business plan template to get your small business back on track.

Say NO to Distractions

In these days of isolation plus social distancing, even the greatest workaholic entrepreneurs are curious to play their preferred online game, examine their newsfeed on social media, face-time with their friends, or watch the latest films. Meanwhile, customers are near to nothing as well as businesses are not working at a normal pace, everybody is treating the circumstances as if it were a trip when the realism is somewhat fairly different.

To bring your business back on track, try to escape distractions in addition instead concentrate on the work on the way. Here are some valuable tips:

• Set a routine – it might seem like a long weekend, however, it is not. Setting a work timetable benefits you to get the work completed.

 • Maintain your acquaintances – networking is vital to the accomplishment of any small business. You might feel like you cannot maintain your networks during COVID, however, you can! Ensure to check in with your networks, discuss development and contingency plans. 

• do not fall for the multi-tasking trick – get the report completed while observing your son? Nope, it will not happen.

 • Prioritize – Get the most significant errands completed before you move on to additional errands. 

Split Your Tasks

It is a fact that as soon as you have stabled your mind to work harder than before, you spontaneously get more inspiration. Now, you have to divide your errands into minor, more controllable ones. Make a routine of completing the harder errands first. In this way, your business will begin coming back to track, plus then you can effortlessly finish the trivial errands. HR departments of every company must go paperless and get their processes streamlined such that they can use Pay Stub generator to create pay stubs.

Example: If you are thinking to create a website for taking online orders, do it initially thus the business can begin getting sales. You can at that moment create a new social media promotion and YouTube channel to drive extra Sales well along.

Research, Research & Research

After the epidemic, the entire business world faced a severe hindrance. However, over time, it has become a new normal. Businesses around the world are using innovative strategies to get their sales rise and running, as well as few have been effective up to a definite degree.

Thus, what are these strategies? How are other small businesses dealing to meet their breakeven, in addition to what are their present approaches? Knowing all this is obligatory, as it can stimulate you to turn up with a way out for your business. 

Dive into the Digital World

Even if your business had a digital existence well before the epidemic, it is now time to pay concentration on those digital approaches with more enthusiasm. The entire world is dependent on digital communication, plus this is the one source to reach probable customers. Posters, flyers, and additional offline marketing strategies will do nothing for your small business during this epidemic.

Use your marketing financial plan for digital approaches and reach your customers through digital means. Pay more consideration to SEO, make a striking investment in PPC, as well as consider virtual ads for making sales. Think that digital marketing is the vital spark of your business. You can correspondingly keep an informative blog, a YouTube channel with expressive videos connected to your business, as well as a business page on Facebook, Linked In, and Twitter. You can use Sales Presentations to display a product, service, or business prospect and convince the audience to buy it.

Example: Carpet Cleaning, a cleaning service, dropped a gigantic amount of sales because of Covid-19. The business proprietor then made a digital promotion of spreading awareness associated with carpet cleaning as well as germs protection. He similarly made his blog and website, along with social media channels. After a few months, his business got its sales back.

Engage with Your Audience

Even if the business is not getting sales, small business proprietors cannot stay still. Differing from big scale businesses having giant names in the market, small businesses have to make additional struggles to stay in the thoughts of customers.

This is the time when you must stay in contact with your customers. Nonetheless, how will you do it? Will you keep directing pushy emails? A big NO! Try to create a bond of understanding at this frightening time.

You can create social media posts associated with the current circumstances, send text messages to create awareness, or announce a discount on prices. Eventually, you have to connect to customers that you care about. Stay linked with probable customers, then you will soon get your business back to its usual track.

Dig inside Your Opponent’s Plan

Small businesses frequently face hard rivalry. If you are experiencing a declining income while your opponent is thriving, have a look at what they are doing. How are they handling the sales, as well as what are their new approaches?

Go to their social media pages and observe how they are linking with the audience. Go to their website and see their up-to-date offers. Similarly, look at their customer support besides observing the way they are handling the customers. You will get a few valuable visions with this. You do not have to copy their approaches, every so often, observing their approach can give you motivation for yours!

30 August 2021 0 comment
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business
Business

Ways to Improve the Efficiency of Small Business

by Sudarsan Chakraborty 17 May 2020

In this article, I want to show simple but real ways to improve business performance. In the article we dealt with two, it seems to me, the main factors affecting the efficiency of production in small business. Optimization of other factors is also important and requires constant attention. 

Just like if you have an email marketing agency and you want to improve its performance then we need to focus on the following factors. However, I do not want to bring the well-known commonplace about the need to save energy resources, use energy-saving technologies in production, optimize transportation costs, and rent a production room with a minimum rent.

Introduction

I want to repeat the above already repeatedly that all the funds saved from improving the efficiency of all components of the production process will replenish your profits. Therefore, you should use all possible ways to improve the efficiency of your business.

 It should also be said about the interconnectedness of many factors of cost reduction among themselves. For example, increasing the number of parts manufactured at a time, we reduce the complexity and get the opportunity to reduce the price of the material. On the other hand, by modernizing the technological process and getting rid of some equipment, we, making a profit from the sale of equipment, reduce energy consumption.

 I want to illustrate all of the above with an example from my practice. One of the enterprises that I created was a furniture factory that specialized in the production of upholstered furniture. I created it, as they say, from scratch and gradually increasing production, brought it to quite decent size and a efficient enterprise.

Ways to increase efficiency from our own practice

Initially, my business produced analogs of already known products. However, from the very beginning, the main emphasis was on the specialization of production processes. What usually consists of upholstered furniture, for example, a sofa? First, from a wooden frame, spring blocks, polyurethane foam gaskets, and upholstery from fabric or leather, armrests.

Therefore, initially, I allocated the manufacture of frames in a separate workshop and began to produce them not only for myself, but also for other factories that did not have a carpentry workshop. In addition, sometimes for other factories it produced much more than for itself. In a short time, this workshop grew from one employee to 5-6 full-time employees and was the most profitable in the entire enterprise.

I will give just a few examples that are encountered at every step and how, by correcting simple mistakes, you can significantly increase the efficiency of your business. 

Wrong or unspecified task setting for employees


Moreover, not only skilled workers. I have seen in some businesses how long and painfully the workers thought what was required of them, and then long and painfully searched for materials and tools to carry out the assignment. At least half the time spent on the task wasted idly. Moreover, how many such days are in a month? It is easy to calculate the loss for a month and for a year. In addition, if the businessperson considered this, he would not complain about the fate and inefficiency of his business.

The truth seems to be common – tasks must be issued specific and provided with the proper resources for their implementation. An employee at his workplace must fulfill his immediate duties.

Holding lengthy meetings or conversations related to production

Some executives think that by holding meetings with a sufficiently large number of employees, they increase their status and their authority. When you don’t call such a business, the answer is almost the same – sorry, I have a meeting now. I even started to think that it was an excuse that they did not want to talk. Then he was convinced that they endlessly confer. In addition, they do not get how much they lose on this. I find small business meetings a complete waste of time. As far as I remember, I have never held a meeting in any of my business. In addition, I think that I saved a lot of money on this. In small business, meetings, all kinds of meetings should be excluded.

Choose the right business name

The wrong name of a small business leads to significant losses in its effectiveness. Many believe that this is a more important issue for service businesses (cafes, restaurants, hairdressers). However, this is far from the case. Moreover, for manufacturing businesses, this question is very important. If the name of a small business that produces high-quality products fits well by ear and is well remembered, then its products are much more in demand. Sales are rising. In addition, of course, the efficiency of small businesses is growing.

In addition, a sonorous name, in addition to a quality product, allows you to create your own brand over time. In addition, branded goods and services sell much better, and their prices can be higher than that of unnamed goods. As you can see, this rather simple question can significantly increase the efficiency of a small business; give an impetus to its rapid development.

Inability, unwillingness or fear to work with partners

I do not mean partners in my own business, but partnerships with other small businesses. I do not know for what reason for the aforementioned, but the mutually beneficial partnership of small businesses has a great potential for increasing efficiency, for additional earnings.

17 May 2020 0 comment
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